4 Stocks Under $10 Triggering Breakouts

 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.

CEL-SCI (CVM) is engaged in the research and development of drugs and vaccines. This stock closed up 12.5% to $1.26 in Thursday's trading session.

Thursday's Range: $1.13-$1.30
52-Week Range: $0.53-$3.10
Thursday's Volume: 3.81 million
Three-Month Average Volume: 2.04 million

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From a technical perspective, CVM skyrocketed sharply higher here right off some near-term support at $1.10 with heavy upside volume. This move pushed shares of CVM into breakout territory, since the stock took out some near-term overhead resistance at $1.23. This move is quickly pushing shares of CVM within range of triggering another big breakout trade. That trade will hit if CVM manages to take out Thursday's high of $1.30 to more near-term overhead resistance at $1.33 with strong volume.

Traders should now look for long-biased trades in CVM as long as it's trending above Thursday's low of $1.13 or above more support at $1.10 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.04 million shares. If breakout materializes soon, then CVM will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $1.47 to more resistance at $2.

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