3 Stocks Under $10 to Watch

 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.

WPCS International

WPCS International (WPCS) provides design-build engineering services for communications infrastructure worldwide. This stock closed up 6.3% to $1.67 in Tuesday's trading session.

Tuesday's Range: $1.58-$1.71
52-Week Range: $1.32-$5.27
Tuesday's Volume: 1.39 million
Three-Month Average Volume: 2.14 million

From a technical perspective, WPCS jumped sharply higher here right above some near-term support at $1.50 with lighter-than-average volume. This stock has been forming a major bottoming chart pattern over the last two months with shares finding buying interest each time it's pulled back towards $1.50. This spike higher on Tuesday is now setting up shares of WPCS to enter a new uptrend. Market players should now look for a continuation move higher in the short-term if WPCS manages to take out Tuesday's high of $1.71 with strong volume.

Traders should now look for long-biased trades in WPCS as long as it's trending above big support at $1.50 and then once it sustains a move or close above $1.71 with volume that hits near or above 2.14 million shares. If we get that move soon, then WPCS will set up to re-test or possibly take out its next major overhead resistance level at $1.92.

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