Stock Quotes in this Article: ALXA, DCTH, ZGNX

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

 

Zogenix
Zogenix (ZGNX) is a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain. This stock is trading up 3.2% to $2.85 in recent trading.

Today’s Range: $2.75-$2.90

52-Week Range: $1.31-$3.04

Volume: 750,000

Three-Month Average Volume: 470,105

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From a technical perspective, ZGNX is moving notably higher here with above-average volume. This move is quickly pushing ZGNX within range of triggering a major breakout trade. That trade will hit once ZGNX manages to take out some past overhead resistance levels at $2.94 to $3.04 with high volume.

Traders should now look for long-biased trades in ZGNX as long as it’s trending above $2.60, and then once it sustains a move or close above those breakout levels with volume that’s near or above 470,105 shares. If that breakout triggers soon, then ZGNX will have a great chance of re-testing or possibly taking out its next significant overhead resistance level at $4 to $4.50.

Delcath Systems

Delcath Systems (DCTH) is a development-stage, specialty pharmaceutical and medical device company, focused on oncology, initially cancers in the liver. This stock is trading up 8.7% to $1.87 in recent trading.

Today’s Range: $1.78-$1.94

52-Week Range: $1.40-$4.74

Volume: 2.5 million

Three-Month Average Volume: 882,866

From a technical perspective, DCTH is gapping sharply higher here with monster volume. This move has pushed DCTH above its 50-day at $1.80, and its moved the stock above some near-term overhead resistance at $1.86.

Traders should now look for long-biased trades in DCTH as long as its trending above its 50-day, and then once it breaks out above its next overhead resistance levels at $2 to $2.24 with high volume. Look for a sustained move or close above those breakout levels with volume that hits near or above its three-month average action of 882,866 shares. If that breakout triggers soon, then look for DCTH to re-test or possibly take out its next overhead resistance levels at $2.43 to $2.62. Any high-volume move above its 200-day at $2.62 will setup DCTH to tag its next major resistance levels at $2.94 to $3.20.

Alexza Pharmaceuticals

Alexza Pharmaceuticals (ALXA) is a pharmaceutical company focused on the research, development and commercialization of products for the acute treatment of central nervous system conditions. This stock is trading up 3.2% at $4.68 in recent trading.

Today’s Range: $4.59-$4.78

52-Week Range: $2.55-$14.80

Volume: 163,000

Three-Month Average Volume: 451,702

From a technical perspective, ALXA is trending higher here with light volume. This move is quickly pushing ALXA within range of triggering a major breakout trade. That trade will hit once ALXA manages to clear some near-term overhead resistance levels at $4.85 to $5.33 with high volume.

Traders should now look for long-biased trades in ALXA as long as it’s trending above $4.40, and then once it sustains a move or close above those breakout levels with volume that’s near or above 451,702 shares. If that breakout triggers soon, then look for ALXA to tag its next major overhead resistance levels at $6 to $7 in the near future.

To see more stocks under-$10 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 stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.