4 Stocks Under $10 in Breakout Territory

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.

Silvercorp Metals

Silvercorp Metals (SVM), together with its subsidiaries, engages in the acquisition, exploration, development and mining of precious and base metal properties in China and Canada. This stock closed up 5.8% to $2.90 in Tuesday's trading session.

Tuesday's Range: $2.78-$2.90
52-Week Range: $2.18-$4.43
Tuesday's Volume: 1.51 million
Three-Month Average Volume: 849,427

From a technical perspective, SVM ripped higher here back above its 200-day moving average of $2.86 with heavy upside volume. This move pushed shares of SVM into breakout territory, since the stock also cleared some near-term overhead resistance at $2.87. Market players should now look for a continuation move higher in the short-term if SVM manages to take out Tuesday's high of $2.90 with strong volume.

Traders should now look for long-biased trades in SVM as long as it's trending above its 50-day at $2.47 and then once it sustains a move or close above $2.90 with volume that hits near or above 849,427 shares. If we get that move soon, then SVM will set up to re-test or possibly take out its next major overhead resistance levels at $3.40 to $3.50, or $3.73.

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