Stock Quotes in this Article: ACHN, CDXS, BOTA

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

Read More: Warren Buffett's Top 25 Stocks for 2014

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.

Read More: 5 Stocks Insiders Love Right Now

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

Codexis

Codexis (CDXS) develops biocatalysts for the pharmaceutical and fine chemicals markets in the U.S., Europe and Asia. This stock closed up 1% to $1.94 a share in Thursday's trading session.

Thursday's Range: $1.90-$1.97

52-Week Range: $1.24-$2.65

Thursday's Volume: 388,000

Three-Month Average Volume: 164,419

From a technical perspective, CDXS trended modestly higher here right off some near-term support at $1.90 with strong upside volume flows. This stock recently gapped up sharply higher from $1.38 to $2.65 with monster upside volume. This minor spike to the upside on Thursday is starting to push shares of CDXS within range of triggering a major breakout trade. That trade will hit if CDXS manages to take out some key near-term overhead resistance at $2 with high volume.

Read More: 5 Large-Cap Stocks to Trade for Earnings Season Gains

Traders should now look for long-biased trades in CDXS as long as it's trending above some near-term support levels at $1.90 or at $1.80 to $1.77 and then once it sustains a move or close above $2 with volume that hits near or above 164,419 shares. If that breakout gets underway soon, then CDXS will set up to re-test or possibly take out its 52-week high at $2.65.

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 5.6% to $7.30 in Thursday's trading session.

Thursday's Range: $6.91-$7.40

52-Week Range: $2.26-$8.61

Thursday's Volume: 3.11 million

Three-Month Average Volume: 6.33 million

From a technical perspective, ACHN spiked sharply higher here right above some near-term support at $6.61 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $6.65 to $6.61. Following that bottom, shares of ACHN have now started trend higher and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if ACHN manages to take out Thursday's intraday high of $7.40 to some more near-term overhead resistance at $7.96 with high volume.

Read More: 4 Biotech Stocks Breaking Out on Big Volume

Traders should now look for long-biased trades in ACHN as long as it's trending above Thursday's intraday low of $6.91 or above more near-term support at $6.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 6.33 million shares. If that breakout kicks off soon, then ACHN will set up to re-test or possibly take out its 52-week high at $8.61.

Biota Pharmaceuticals

Biota Pharmaceuticals (BOTA), a biopharmaceutical company, focuses on the discovery and development of anti-infective products in Australia. This stock closed up 1.3% to $3.08 in Thursday's trading session.

Thursday's Range: $2.99-$3.12

52-Week Range: $2.35-$7.07

Thursday's Volume: 45,000

Three-Month Average Volume: 149,148

From a technical perspective, BOTA bounced modestly higher here right above its 50-day moving average of $2.93 with lighter-than-average volume. This small spike to the upside on Thursday is starting to push shares of BOTA within range of triggering a big breakout trades . That trade will hit if BOTA manages to take out Thursday's intraday high of $3.12 to some more near-term overhead resistance at $3.21 with high volume.

Traders should now look for long-biased trades in BOTA as long as it's trending above its 50-day at $2.93 or above more near-term support levels at $2.88 to $2.74 and then once it sustains a move or close above those breakout levels with volume that hits near or above 149,148 shares. If that breakout hits soon, then BOTA will set up to re-test or possibly take out its next major overhead resistance levels at $3.52 to its 200-day moving average at $4.34.

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.