4 Under-$10 Tech Stocks Making Large Moves

WINDERMERE, Fla. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

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Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

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With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside today.

GT Advanced Technologies ( GTAT)

This is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry. This stock is trading up 5.2% to $3.20 in recent trading.

Today's Range: $3.03-$3.26

52-Week Range: $3.00-$9.89

Volume: 3.07 million

Three-Month Average Volume: 3.89 million

From a technical perspective, GTAT is bouncing higher here off some near-term support at $3 with decent volume. This stock has been downtrending badly for the last three months, with shares falling from a high of $7.09 to its recent low of $3. During that move, shares of GTAT have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of GTAT are starting to rebound off that $3 low and off of oversold conditions. The current relative strength index (RSI) reading for GTAT is 36.07.

Traders should now look for long-biased trades in GTAT as long as it's trending above $3 with strong upside volume flows. I would consider any upside volume day that registers near or above 3.89 million shares. If GTAT can maintain that trend, then this stock will set up to break out above some near-term overhead resistance at $3.62. Some possible upside targets off that breakout are $4 to $4.28, or possible $4.75 to $5.25.

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