3 Stocks Under $10 Making Big Moves

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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.

Prana Biotechnology

Prana Biotechnology (PRAN) researches and develops therapeutic drugs for the treatment of neurological disorders in Australia. This stock closed up 6.8% to $2.03 in Tuesday's trading session.

Tuesday's Range: $1.88-$2.05

52-Week Range: $1.47-$13.29

Tuesday's Volume: 1.46 million

Three-Month Average Volume: 1.97 million

From a technical perspective, PRAN spiked sharply higher here closed just above its 50-day moving average of $2.02 with decent upside volume. This sharp spike higher on Tuesday is quickly pushing shares of PRAN within range of triggering a major breakout trade. That trade will hit if PRAN manages to take out Tuesday's intraday high of $2.05 to some more key overhead resistance at $2.24 with high volume.

Traders should now look for long-biased trades in PRAN as long as it's trending above Tuesday's low of $1.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.97 million shares. If that breakout kicks off soon, then PRAN will set up to re-test or possibly take out its next major overhead resistance level at $2.47. Any high-volume move above $2.47 will then give PRAN a chance to re-test or take out its gap-down-day high from March that started at $3.24.

Bio Telemetry

Bio Telemetry (BEAT) provides cardiac monitoring, cardiac monitoring device manufacturing and cardiac core laboratory services. This stock closed up 1.9% to $7.50 in Tuesday's trading session.

Tuesday's Range: $7.14-$7.56

52-Week Range: $4.51-$11.98

Thursday's Volume: 345,000

Three-Month Average Volume: 381,695

From a technical perspective, BEAT spiked modestly higher here and broke out above some near-term overhead resistance at $7.48 with decent upside volume. Shares of BEAT tagged an intraday high of $7.56, before it closed just below that level at $7.50. This spike higher on Tuesday is quickly pushing shares of BEAT within range of triggering another big breakout trade. That trade will hit if BEAT manages to take out some more near-term overhead resistance at $7.64 to its 50-day moving average of $8.17 with high volume.

Traders should now look for long-biased trades in BEAT as long as it's trending above some near-term support at $7 and then once it sustains a move or close above those breakout levels with volume that hits near or above 381,695 shares. If that breakout hits soon, then BEAT will set up to re-test or possibly take out its next major overhead resistance levels at $8.83 to its 200-day moving average of $9, or even $9.35.

Atossa Genetics

Atossa Genetics (ATOS) operates as a health care company that focuses on the development and marketing of cellular and molecular diagnostic risk assessment products for breast cancer in the U.S. This stock closed up 8.2% to $1.58 in Tuesday's trading session.

Tuesday's Range: $1.46-$1.68

52-Week Range: $1.15-$7.75

Tuesday's Volume: 1.22 million

Three-Month Average Volume: 457,130

From a technical perspective, ATOS spiked sharply higher here right above its 50-day moving average of $1.40 with strong upside volume flows. This spike higher on Tuesday pushed shares of ATOS into breakout territory, since the stock took out some near-term overhead resistance levels at $1.52 to $1.60. Shares of ATOS are now quickly moving within range of triggering another big breakout trade. That trade will hit if ATOS manages to take out Tuesday's intraday high of $1.68 to more near-term overhead resistance at $1.72 with high volume.

Traders should now look for long-biased trades in ATOS as long as it's trending above $1.52 or above Tuesday's low of $1.46 and then once it sustains a move or close above those breakout levels with volume that hits near or above 457,130 shares. If that breakout hits soon, then ATOS will set up to re-test or possibly take out its next major overhead resistance levels at 1.90 to $2.36.

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 @zeros