4 Stocks Under $10 Making Big Moves

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

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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.

Zalicus

Zalicus ( ZLCS) is a biopharmaceutical company that discovers and develops treatments for patients suffering from pain and immuno-inflammatory diseases. This stock closed up 29% to $1.15 in Tuesday's trading session.

Tuesday's Range: $0.89-$1.19
52-Week Range: $0.88-$8.28
Tuesday's Volume: 6.68 million
Three-Month Average Volume: 1.44 million

From a technical perspective, ZLCS skyrocketed higher here right off its 52-week low of 88 cents per share with monster upside volume. This stock recently gapped down sharply from $4.83 to $1.09 with heavy downside volume. Shares of ZLCS are now starting to rebound off oversold levels, since its current relative strength index reading is 29. This oversold bounce is quickly pushing shares of ZLCS within range of triggering a big breakout trade. That trade will hit if ZLCS manages to take out some near-term overhead resistance levels at $1.24 to its gap down day high of $1.45 with high volume.

Traders should now look for long-biased trades in ZLCS as long as it's trending above $1 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.44 million shares. If that breakout hits soon, then ZLCS will set up to re-fill some of its previous gap down zone that started at $4.83.

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