4 Stocks Under $10 Making Big Moves

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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Hercules Offshore

Hercules Offshore ( HERO) is a provider of shallow-water drilling and marine services to the oil and natural gas exploration and production industry globally. This stock is trading up 1.6% to $7.38 in recent trading.

Today's Range: $7.15-$7.56

52-Week Range: $2.91-$7.56

Volume: 2.46 million

Three-Month Average Volume: 3.15 million

From a technical perspective, HERO is bouncing higher here right above its 50-day moving average of $6.84 with decent upside volume. This move has started to push shares of HERO into breakout territory, since the stock has flirted with some near-term overhead resistance levels at $7.40 to $7.42. At last check, HERO has hit an intraday high of $7.56 and volume is just a bit below its three-month average action of 3.15 million shares.

Traders should now look for long-biased trades in HERO as long as it's trending above its 50-day at $6.84, and then once it sustains a move or close above those breakout levels at $7.40 to $7.42 with volume that hits near or above 3.15 million shares. If HERO can sustain that move, then this stock will set up to enter new 52-week-high territory above its intraday high of $7.56, which is bullish technical price action. Some possible upside targets off that breakout are $9 to $10.

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