Stock Quotes in this Article: GSS, NG, FSM

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.

>>5 Big Stocks to Trade for Gains This Earnings Season

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.

NovaGold Resources

NovaGold Resources (NG) is engaged in the exploration and development of mineral properties in Alaska and British Columbia. This stock is trading up 5.7% to $5.35 in recent trading.

Today’s Range: $5.06-$5.36

52-Week Range: $3.61-$11.77

Volume: 2.4 million

Three-Month Average Volume: 3.6 million

From a technical perspective, NG is bouncing hard here right off its 50-day moving average of $4.95 with decent volume.

Traders should now look for long-biased trades in NG as long as it’s trending above its 50-day at $4.95 with strong upside volume flows. I would consider any upside volume day that registers near or above 3,604,760 shares as bullish. If NG can maintain that trend with bullish volume patterns, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $6.30 to $6.48. If those levels get taken out with volume, then NG could trend north of $7 in the near future.

Golden Star Resources

Golden Star Resources (GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa. This stock is trading up 5.5% to $2.08 in recent trading.

Today’s Range: $1.98-$2.08

52-Week Range: $0.90-$2.39

Volume: 2.3 million

Three-Month Average Volume: 2.2 million

From a technical perspective, GSS is bouncing hard here right off some near-term support at $1.90 with above-average volume. This move has started to push GSS into near-term breakout territory, since the stock is taking out some resistance levels at $2.03 to $2.05 with high volume.

Traders should now look for long-biased trades in GSS as long as it’s trending above those breakout levels with strong upside volume flows. I would consider any upside volume day that registers near or above 2.2 million shares as bullish. If GSS can maintain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $2.25 to $2.39. Any high-volume move above those levels will then setup GSS to hit $2.78 to $3.12.

Fortuna Silver Mines

Fortuna Silver Mines (FSM) is engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. This stock is trading up 6.8% to $5.15 in recent trading.

Today’s Range: $4.93-$5.16

52-Week Range: $3.10-$7.67

Volume: 165,000

Three-Month Average Volume: 238,088

From a technical perspective, FSM is blasting higher here back above both its 50-day at $4.84 and its 200-day at $4.85 with decent volume. This move is quickly pushing FSM within range of triggering a near-term breakout trade. That trade will hit once FSM manages to take out some near-term overhead resistance at $5.50 with high volume.

Traders should now look for long-biased trades in FSM as long as its trending above both its 50-day and 200-day moving averages, and then once it sustains a move or close above $5.50 with volume that hits near or above 238,088 shares. If that breakout triggers soon, then FSM will setup to re-test or possibly take out its next major overhead resistance levels at $6 to $7.

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.