3 Stocks Under $10 Moving Higher

 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.

Infosonics

Infosonics (IFON) designs, develops, manufactures, and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, dealer agents, resellers, and original equipment manufacturers. This stock closed up 1.6% to $4.33 in Thursday's trading session.

Thursday's Range: $4.11-$4.48
52-Week Range: $0.38-$4.58
Thursday's Volume: 463,000
Three-Month Average Volume: 864,992

From a technical perspective, IFON trended modestly higher here with lighter-than-average volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of 66 cents per share to its recent high of $4.58. During that uptrend, shares of IFON have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in IFON as long as it's trending above near-term support levels at $4 or at $3.67 and then once it sustains a move or close above its 52-week high of $4.58 with volume that hits near or above 864,992 shares. If that breakout triggers soon, then IFON will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $5 to $5.50.

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4 Stocks Under $10 to Trade for Big Breakouts

4 Stocks Under $10 to Trade for Big Breakouts