3 Stocks Under $10 Making Big Moves Higher

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

Must Read: Warren Buffett's Top 10 Dividend Stocks



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.



With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

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Pernix Therapeutics

Pernix Therapeutics (PTX), a specialty pharmaceutical company, develops, manufactures, markets and sells branded and generic pharmaceutical products. This stock closed up 6.9% to $8.99 in Tuesday's trading session.

Tuesday's Range: $8.43-$9.27

52-Week Range: $1.68-$9.56

Tuesday's Volume: 1.20 million

Three-Month Average Volume: 443,789

From a technical perspective, PTX ripped sharply higher here and broke out above some near-term overhead resistance at $8.93 with strong upside volume flows. This stock has been uptrending for the last month, with shares moving higher from its low of $6.83 to its intraday high of $9.27. During that uptrend, shares of PTX have been making mostly higher lows and higher highs, which is bullish technical price action. This trend to the upside on Tuesday is now quickly pushing shares of PTX within range of triggering another big breakout trade. That trade will hit if PTX manages to take out Tuesday's intraday high of $9.27 to its 52-week high at $9.56 with high volume.

Traders should now look for long-biased trades in PTX as long as it's trending above Tuesday's intraday low of $8.43 or above its 50-day at $7.69 then once it sustains a move or close above those breakout levels with volume that hits near or above 443,789 shares. If that breakout starts soon, then PTX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $11, or even $12 a share.

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Intevac

Intevac (IVAC) provides process manufacturing equipment solutions to the hard disk drive and photovoltaic industries. This stock closed up 3.8% to $7.28 in Tuesday's trading session.

Tuesday's Range: $7.09-$7.44

52-Week Range: $4.82-$10.20

Tuesday's Volume: 106,000

Three-Month Average Volume: 152,092

From a technical perspective, IVAC jumped higher here right above its 50-day moving average of $6.84 with lighter-than-average volume. This stock has been uptrending a bit for the last few weeks, with shares moving higher from its low of $6.28 to its intraday high of $7.44. During that uptrend, shares of IVAC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IVAC within range of triggering a near-term breakout trade. That trade will hit if IVAC manages to take out its 200-day moving average of $7.63 with high volume.

Traders should now look for long-biased trades in IVAC as long as it's trending above its 50-day at $6.84 or above some more key near-term support at $6.60 and then once it sustains a move or close above $7.63 with volume that hits near or above 152,092 shares. If that breakout gets set off soon, then IVAC will set up to re-test or possibly take out its next major overhead resistance levels near $8.80 to $9.44.

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Hhgregg

Hhgregg (HGG), together with its subsidiaries, operates as a specialty retailer of home appliances, televisions, computers, tablets, consumer electronics, home furniture, mattresses, fitness equipment and related services under the hhgregg name. This stock closed up 5.7% to $6.27 in Tuesday's trading session.

Tuesday's Range: $5.66-$6.33

52-Week Range: $5.66-18.79

Tuesday's Volume: 210,000

Three-Month Average Volume: 196,320

From a technical perspective, HGG spiked sharply higher here right above its recent 52-week low of $5.66 with above-average volume. This stock has been downtrending badly for the last three months and change, with shares moving lower from its high of $11.28 to its recent low of $5.66. During that downtrend, shares of HGG have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of HGG have now started to bounce off its 52-week low and it's beginning to move within range of triggering a near-term breakout trade. That breakout could also signal a trend change for shares of HGG. That trade will hit if HGG manages to take out some key near-term overhead resistance levels at $6.58 to its 50-day moving average of $6.69 with high volume.

Traders should now look for long-biased trades in HGG as long as it's trending above Tuesday's intraday low of $5.96 or above its 52-week low of $5.66 and then once it sustains a move or close above those breakout levels with volume that hits near or above 196,320 shares. If that breakout hits soon, then HGG will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.74.

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To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including

CNBC.com and Forbes.com.

You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.