8 Stocks Under $10 Moving Higher

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

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.

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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.

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.

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TearLab

TearLab ( TEAR) is an in-vitro diagnostic company engaged in commercializing a proprietary tear testing platform that enables eye care practitioners to test for highly sensitive and specific biomarkers using nanoliters of tear film. This stock closed up 7.4% to $5.92 on Thursday.

Thursday's Range: $5.50-$6.04

52-Week Range: $1.70-$6.04

Volume: 308,000

Three-Month Average Volume: 161,211

From a technical perspective, TEAR ripped higher here right above some near-term support at $5.30 with above-average volume. This move is quickly pushing shares of TEAR within range of triggering a major breakout trade. That trade will hit if TEAR manages to take out its 52-week high at $6.04 with high volume. Keep in mind that TEAR has been trending in a tight consolidation pattern for the last two months, with shares moving between $5.08 on the downside and $6.04 on the upside. If that breakout hits, it will spring TEAR outside of that consolidation pattern.

Traders should now look for long-biased trades in TEAR as long as it's trending above today's low of $5.50 or its 50-day moving average at $5.07 and then once it sustains a move or close above $6.04 with volume that hits near or above 161,211 shares. If that breakout triggers soon, then TEAR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $7 to $8 in the near future.

Orexigen Therapeutics

Orexigen Therapeutics ( OREX) is a biopharmaceutical company focused on the development of pharmaceutical product candidates for the treatment of obesity. This stock closed up 9.7% to $5.95 on Thursday.

Thursday's Range: $5.37-$6.00

52-Week Range: $3.10-$7.73

Volume: 2.19 million

Three-Month Average Volume: 1.31 million

From a technical perspective, OREX trended higher here back above its 50-day moving average of $5.70 with above-average volume. This move is quickly pushing shares of OREX within range of triggering a near-term breakout trade. That trade will hit if OREX manages to clear some near-term overhead resistance levels at $6.11 to $6.25 with high volume.

Traders should now look for long-biased trades in OREX as long as it's trending above its 50-day at $5.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.31 million shares. If that breakout hits soon, then OREX will set up to re-test or possibly take out its next major overhead resistance levels at $6.68 to $7.73. Any high-volume move above $7.73 would then push OREX into new 52-week-high territory, which is bullish technical price action.

MGIC Investment

MGIC Investment ( MTG) is a provider of private mortgage insurance in the U.S. This stock closed up 6.4% to $2.98 on Thursday.

Thurday's Range: $2.36-$3.15

52-Week Range: $0.66-$5.15

Volume: 35.76 million

Three-Month Average Volume: 4.90 million

Shares of MTG soared on Thursday after revenue topped analysts' estimates and delinquencies declined over the course of the year. The company's CEO also said the firm may raise capital to cut a risk measure that breached regulatory limits.

From a technical perspective, MTG soared higher here back above its 50-day moving average of $2.76 with monster upside volume. This stock has been trading in consolidation pattern for the last two months, with shares moving between $2.36 on the downside and $3.33 on the upside. The spike on Thursday is now quickly pushing shares of MTG within range of breaking out above the upper-end of its recent range. That breakout will hit if MTG manages to clear some near-term overhead resistance levels at $2.96 to $3.33 with high volume.

Traders should now look for long-biased trades in MTG as long as it's trending above its 50-day at $2.76 or above its recent low of $2.36, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.90 million shares. If that breakout triggers soon, then MTG will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $5.

Five Star Quality

Five Star Quality ( FVE) operates senior living communities, including independent living or congregate care communities, assisted living communities and skilled nursing facilities. This stock closed up 4.4% to $6.34 on Thursday.

Thursday's Range: $6.08-$6.40

52-Week Range: $2.98-$6.49

Volume: 412,000

Three-Month Average Volume: 343,548

From a technical perspective, FVE trended higher here right above some near-term support at $6 with above-average volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $4.45 to its recent high of $6.49. During that move, shares of FVE have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of FVE within range of triggering a major breakout trade. That trade will hit if FVE manages to take out its 52-week high of $6.49 with high volume.

Traders should now look for long-biased trades in FVE as long as it's trending above some near-term support levels $6 to $5.91 or its 50-day at $5.62, and then once it sustains a move or close above its 52-week high of $6.49 with volume that hits near or above 343,548 shares. If that breakout triggers soon, then FVE will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8. Any high-volume move above $8 will then put $8.50 to $8.95 into range for shares of FVE.

Smart Technologies

Smart Technologies ( SMT) designs, develops and sells interactive technology products. This stock closed up 7.1% to $1.50 in recent trading.

Thursday's Range: $1.44-$1.60

52-Week Range: $1.10-$3.43

Volume: 138,000

Three-Month Average Volume: 143,500

From a technical perspective, SMT spiked higher here right above some near-term support at $1.35 with slightly lighter-than-average volume. This move briefly pushed shares of SMT back above its 200-day moving average of $1.55 and right below its 50-day moving average of $1.61. Shares of SMT closed off its intraday high of $1.60 with volume that was just a tad bit below its three-month average action of 143,500 shares.

Traders should now look for long-biased trades in SMT as long as it's trending above $1.35, and then once it sustains a move or close above its 200-day at $1.55 and its 50-day at $1.61 with volume that hits near or above 143,500 shares. If that breakout hits soon, then SMT will set up to re-test or possibly take out its next major overhead resistance levels at $1.85 to $2.08. Any high-volume move above $2.08 will then put $2.20 to $2.50 into focus for shares of SMT.

American Apparel

American Apparel ( APP) designs, manufactures and sells for women, men, children and pets through retail, wholesale and online distribution channels. This stock closed up 3.1% to $1.33 on Thursday.

Thursday's Range: $1.27-$1.35

52-Week Range: $0.72-$1.70

Volume: 396,000

Three-Month Average Volume: 359,719

From a technical perspective, APP bounced higher here right above some near-term support at $1.25 and its 50-day moving average of $1.23 with above-average volume. This move is quickly pushing shares of APP within range of triggering a near-term breakout trade. That trade will hit if APP manages to take out some near-term overhead resistance levels at $1.38 to $1.45 with high volume.

Traders should now look for long-biased trades in APP as long as it's trending above its 50-day at $1.23, and then once it sustains a move or close above those breakout levels with volume that hits near or above 359,719 shares. If that breakout hits soon, then APP will set up to re-test or possibly take out its next major overhead resistance levels at $1.58 to $1.70. Any high-volume move above $1.70 will then push shares of APP into new 52-week-high territory, which is bullish technical price action. The next major resistance levels after $1.70 sit at $1.90 to $2.20.

CytRx

CytRx ( CYTR) is a biopharmaceutical research and development company specializing in oncology. This stock closed up 9.9% to $2.10 on Thursday.

Thursday's Range: $1.94-$2.14

52-Week Range: $1.59-$5.50

Volume: 251,000

Three-Month Average Volume: 171,579

Shares of CYTR blasted higher on Thursday after the company said its enrollment of 140 evaluable patients has been completed in its global phase 2b clinical trial with its oral retinoid compound tamibarotene in combination with chemotherapeutic agents as a first-line treatment for patients with advanced non-small-cell lung cancer.

From a technical perspective, CYTR surged higher back above its 50-day moving average of $2.07 with above-average volume. This move is quickly pushing shares of CYTR within range of triggering a major breakout trade. That trade will hit if CYTR manages to take out some near-term overhead resistance levels at $2.20 to $2.30 and then once it clears more resistance at $2.42 to $2.60 with high volume.

Traders should now look for long-biased trades in CYTR as long as it's trending above its 50-day at $2.07 and then once it sustains a move or close above those breakout levels with volume that hits near or above 171,579 shares. If that breakout triggers soon, then CYTR will set up to re-fill some of its previous gap down zone from last October that started at $3.60.

BioFuel

BioFuel ( BIOF) is engaged in the production and sale of ethanol and its co-products through its two ethanol production facilities located in Nebraska and Minnesota. This stock closed up 7.9% to $5.05 on Thursday.

Thursday's Range: $4.69-$5.19

52-Week Range: $2.07-$17.40

Volume: 306,000

Three-Month Average Volume: 228,590

From a technical perspective, BIOF ripped higher here right off some near-term support at $4.58 and back above both its 50-day at $4.58 and its 200-day at $4.80 with above-average volume. This move is quickly pushing shares of BIOF within range of triggering a near-term breakout trade. That trade will hit if BIOF manages to take out some near-term overhead resistance levels at $5.50 to $5.70 with high volume.

Traders should now look for long-biased trades in BIOF as long as it's trending above its 50-day at $4.58 and then once it sustains a move or close above those breakout levels with volume that hits near or above 228,590 shares. If that breakout triggers soon, then BIOF will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $7.25.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
CNBC.com and Forbes.com . You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.