Stock Quotes in this Article: BDSI, IMMY

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

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.

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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 stocks under $10 that are making large moves to the upside today.

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Imprimis Pharmaceuticals

Imprimis Pharmaceuticals (IMMY) is a pharmaceutical company developing non-invasive, topically delivered products. This stock is trading up 12.6% to $6.76 in recent trading.

Today’s Range: $5.99-$6.76

52-Week Range: $2.55-$30.00

Volume: 52,000

Three-Month Average Volume: 20,531

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From a technical perspective, IMMY is bouncing strongly to the upside here right off its 50-day moving average of $5.87 with above-average volume. This move is starting to push shares of IMMY into breakout territory, since the stock has taken out some near-term overhead resistance levels at $6.09 to $6.35. Shares of IMMY are now quickly moving within range of triggering another major breakout trade. That trade will hit if IMMY manages to take out its 200-day moving average at $6.78 with high volume.

Traders should now look for long-biased trades in IMMY as long as it’s trending above $6.09 or $5.87 and then once it sustains a move or close above all of those breakout levels with volume that hits near or above 20,531 shares. If that breakout triggers soon, then IMMY will set up to re-fill some of its previous gap down zone from February that started near $9.

BioDelivery Sciences

BioDelivery Sciences (BDSI) is a specialty pharmaceutical company that is utilizing licensed and owned proprietary drug delivery technologies to develop and commercialize new formulations of proven therapeutics. This stock is trading up 9.6% to $4.90 in recent trading.

Today’s Range: $4.59-$4.91

52-Week Range: $2.75-$6.89

Volume: 318,000

Three-Month Average Volume: 153,962

From a technical perspective, BDSI is gapping higher here back above its 200-day moving average of $4.72 with above-average volume. This move is quickly pushing shares of BDSI within range of triggering a breakout trade. That trade will hit if BDSI manages to take out some past overhead resistance at $4.94 with high volume.

Traders should now look for long-biased trades in BDSI as long as it’s trending above its 200-day at $4.72 and then once it sustains a move or close above $4.94 with volume that hits near or above 153,962 shares. If that breakout triggers soon, then BDSI will set up to re-test or possibly take out its next major overhead resistance levels $5.28 to $6. Any high-volume move above $6 will then put $6.50 to $6.89 into range for shares of BDSI.

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

-- Written by Roberto Pedone in Winderemere, Fla.


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

Roberto Pedone, based out of Windermere, Fla., 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.