Stock Quotes in this Article: CDXS, CERS

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.

Cerus

Cerus (CERS) operates as a biomedical products company that focuses on developing and commercializing the Intercept Blood System to enhance blood safety. This stock closed up 3.8% to $6.82 in Tuesday's trading session.

Tuesday's Range: $6.50-$6.84

52-Week Range: $2.98-$7.13

Thursday's Volume: 592,000

Three-Month Average Volume: 513,314

From a technical perspective, CERS spiked notably higher here right off some near-term support at $6.50 with above-average volume. This move is quickly pushing shares of CERS within range of triggering a major breakout trade. That trade will hit if CERS manages to take out some key near-term overhead resistance levels at $6.86 to $6.95 and then once it clears its 52-week high at $7.13 with high volume.

Traders should now look for long-biased trades in CERS as long as it's trending above some key near-term support levels at $6.50 or above its 50-day at $6.21 and then once it sustains a move or close above those breakout levels with volume that hits near or above 513,314 shares. If that breakout hits soon, then CERS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $9 to $10.

Codexis

Codexis (CDXS) engages in the production of custom industrial enzymes for use in the pharmaceutical, biofuel, and chemical production. This stock closed up 4.9% to $5.73 in Tuesday's trading session.

Tuesday's Range: $1.44-$1.53

52-Week Range: $1.24-$2.89

Tuesday's Volume: 66,000

Three-Month Average Volume: 131,706

From a technical perspective, CDXS spiked higher here back above its 50-day moving average of $1.49 with lighter-than-average volume. This move is quickly pushing shares of CDXS within range of triggering a near-term breakout trade. That trade will hit if CDXS manages to take out Tuesday's high of $1.53 to some more near-term overhead resistance at $1.57 with high volume.

Traders should now look for long-biased trades in CDXS as long as it's trending above some key near-term support at $1.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 131,706 shares. If that breakout hits soon, then CDXS will set up to re-test or possibly take out its next major overhead resistance levels $1.80 to its 200-day moving average of $1.96.

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.