4 Stocks Under $10 Spiking 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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Accretive Health

Accretive Health ( AH) provides services that help health care providers generate sustainable improvements in their operating margins and health care quality while also enhancing patient, physician and staff satisfaction. This stock closed up 2% to $9.62 on Thursday.

Thursday's Range: $9.40-$9.67

52-Week Range: $7.75-$25.28

Volume: 636,000

Three-Month Average Volume: 1.1 million

From a technical perspective, shares of AH bounced higher on Thursday right above some near-term support at $9.29 with lighter-than-average volume. This stock recently gapped down huge from over $12 to its recent low of $8.55 with heavy downside volume. Following that move, shares of AH have started to rebound and are now quickly approaching a major breakout trade. That trade will hit if AH manages to take out some near-term overhead resistance levels at $9.73 to $9.82 with high volume.

Traders should now look for long-biased trades in AH as long as it's trending above some key near-term support levels at $9.29 or $9.17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.1 million shares. If that breakout hits soon, then this stock will set up to re-fill some of its previous gap down zone that started near $12. Some possible upside targets if AH gets into that gap with volume are $11 to its 200-day at $11.58.

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