Stock Quotes in this Article: ACHN, CRMD, OXGN

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.

CorMedix

CorMedix (CRMD), a development-stage pharmaceutical and medical device company, focuses on in-license, development and commercialization of therapeutic products for the treatment of cardiac and renal dysfunction primarily in the dialysis and non-dialysis areas. This stock closed up 2.3% to $2.62 in Tuesday's trading session.

Tuesday's Range: $2.52-$2.73

52-Week Range: $0.48-$3.20

Tuesday's Volume: 227,000

Three-Month Average Volume: 263,835

From a technical perspective, CRMD bounced notably higher here right above its 50-day moving average of $2.44 with decent upside volume. This stock has been downtrending over the last month, with shares moving lower from its high of $3.20 to its recent low of $2.51. During that downtrend, shares of CRMD have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of CRMD are now finding buying interest near its 50-day moving average and the stock is starting to move within range of triggering a near-term breakout trade. That trade will hit if CRMD manages to take out some key near-term overhead resistance levels at $2.76 to $3 and then once it clears its 52-week high at $3.20 with high volume.

Traders should now look for long-biased trades in CRMD as long as it's trending above its 50-day at $2.44 or above more near-term support at $2.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 263,835 shares. If that breakout triggers soon, then CRMD will set up to enter new 52-week-high territory above $3.20, which is bullish technical price action. Some possible upside targets off that breakout are $4 to $4.50.

Oxigene

Oxigene (OXGN), a clinical-stage biopharmaceutical company, develops therapeutics primarily to treat cancer. This stock closed up 8% to $3.75 in Tuesday's trading session.

Tuesday's Range: $3.35-$3.80

52-Week Range: $1-.96-$5.40

Thursday's Volume: 3.29 million

Three-Month Average Volume: 1.52 million

From a technical perspective, OXGN jumped ripped sharply higher here right above some near-term support at $3.27 with above-average volume. This stock has been downtrending badly for the last few weeks, with shares dropping sharply from its high of $5.40 to its recent low of $3.27. During that move, shares of OXGN have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of OXGN might be ready to reverse that downtrend and potentially break out above some near-term overhead resistance levels. That breakout will hit if OXGN takes out Tuesday's high of $3.80 to some more near-term resistance at $4 with high volume.

Traders should now look for long-biased trades in OXGN as long as it's trending above Tuesday's low $3.35 or above $3.27 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.52 million shares. If that breakout hits soon, then OXGN will set up to re-test or possibly take out its next major overhead resistance levels at $4.44 to $5. Any high-volume move above those levels will then give OXGN a chance to make a run at its 52-week high of $5.40.

Achillion Pharmaceuticals

Achillion Pharmaceuticals (ACHN), a biopharmaceutical company, discovers, develops and commercializes anti-infective drug therapies in the U.S. and internationally. This stock closed up 2.5% to $3.70 in Tuesday's trading session.

Tuesday's Range: $3.52-$3.80

52-Week Range: $2.26-$8.99

Tuesday's Volume: 2.75 million

Three-Month Average Volume: 2.04 million

From a technical perspective, ACHN bounced modestly higher here right off its 50-day moving average of $3.51 with above-average volume. This stock has been trending sideways and consolidating for the last two months, with shares moving between $2.98 on the downside and $3.87 on the downside. This spike higher on Tuesday is starting to push shares of ACHN within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if ACHN manages to take out some near-term overhead resistance levels at $3.77 to $3.87 with high volume.

Traders should now look for long-biased trades in ACHN as long as it's trending above some near-term support at $3.20 or above $3 and then once it sustains a move or close above those breakout levels volume that hits near or above 2.04 million shares. If that breakout hits soon, then ACHN will set up to re-test or possibly take out its next major overhead resistance levels at $4.36 or its 200-day moving average of $4.72. Any high-volume move above those levels will then give ACHN a chance to re-fill some of its previous gap-down-day zone from last September that started above $7.

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.