4 More Stocks Leaping on Unusual Volume

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

>>5 "Magic Formula" Stocks for 2013

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.

>>5 Stocks Insiders are Stashing

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.

NovaCopper ( NCQ)

This company engages in the exploration and development of base metals in the United States. It focuses on exploring the Upper Kobuk mineral project, a copper-zinc-lead-gold-silver property located in the Ambler District, northwest Alaska. The stock is trading up 4.1% to $2.04 in recent trading.

Today's Range: $2.00-$2.10

52-Week Range: $1.65-$4.76

Volume: 258,000

Three-Month Average Volume: 236,716

From a technical perspective, NCQ is spiking higher here right below its 50-day moving average of $2.17 with above-average volume. This move is quickly pushing shares of NCQ within range of triggering a major breakout trade. That trade will hit once NCQ manages to take out some near-term overhead resistance levels at $2.17 to $2.25 with high volume.

Traders should now look for long-biased trades in NCQ once it sustains a move or close above $2.17 to $2.25 with volume that hits near or above 236,716 shares. If that breakout triggers soon, then NCQ will set up to re-test or possibly take out its next major overhead resistance levels at $2.60 to $2.99.

If you liked this article you might like

3 Stocks Moving The Metals & Mining Industry Upward

3 Stocks Pushing The Metals & Mining Industry Lower

Can Billionaire John Paulson Bounce Back With Health Care?

Paulson & Co Discloses 18.3 Percent Stake in NovaCopper

3 Metals & Mining Stocks Pushing Industry Growth