6 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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Vical ( VICL) researches and develops biopharmaceutical products based on its patented DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. This stock is trading up 1.9% to $4.11 in recent trading.

Today's Range: $4.02-$4.15

52-Week Range: $2.61-$4.74

Volume: 381,000

Three-Month Average Volume: 608,231

From a technical perspective, VICL is bouncing higher here right above some near-term support at $3.86 with lighter-than-average volume. This move is starting to push shares of VICL within range of triggering a near-term breakout trade. That trade will hit if VICL manages to take out some near-term overhead resistance levels at $4.16 to $4.30 with high volume.

Traders should now look for long-biased trades in VICL as long as it's trending above some key near-term support at $3.86, and then once it sustains a move or close above those breakout levels with volume that hits near or above 608,231 shares. If that breakout triggers soon, then VICL will set up to re-test or possibly take out its next major overhead resistance levels at $4.74 to $4.82. Any high-volume move above those levels will then put $5 to $5.30 into range for shares of VICL.

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