4 Stocks Ripping Higher 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 Huge Trades for a Volatile 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.

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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.

Inteliquent ( IQNT)

This company is a full-scale network solutions provider, offering intelligent networking to solve challenging interconnection and interoperability issues on a global scale. This stock is trading up 7.6% to $2.96 in recent trading.

Today's Range: $2.84-$3.06

52-Week Range: $2.10-$14.15

Volume: 585,000

Three-Month Average Volume: 745,328

From a technical perspective, IQNT is just starting to push back above its 50-day moving average of $2.93 here with decent volume. This stock has been uptrending strongly for the last month and change, with shares moving higher from its low of $2.10 to its recent high of $3.25. During that move, shares of IQNT have been consistently making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit if IQNT manages to clear its 50-day at $2.93 and some more near-term overhead resistance at $3.25 with high volume.

Traders should now look for long-biased trades in IQNT as long as it's trending above some near-term support at $2.62, and then once it sustains a move or close above those breakout levels with volume that hits near or above 745,328 shares. If that breakout hits soon, then IQNT will set up to re-test or possibly take out its next major overhead resistance levels $4 to $5.

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