Stock Quotes in this Article: DNDN, ROSG, SCLN

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.

SciClone Pharmaceuticals

SciClone Pharmaceuticals (SCLN) is a specialty pharmaceutical company with a product portfolio of therapies for oncology, infectious diseases, cardiovascular, urological, respiratory and central nervous system disorders. This stock is trading up 8.5% at $5.09 in recent trading.

Today’s Range: $4.64-5.12

52-Week Range: $3.41-$7.58

Volume: 629,000

Three-Month Average Volume: 679,364

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From a technical perspective, SCLN is bouncing strong here right off some near-term support at $4.50 with decent volume. This move is quickly pushing SCLN within range of triggering a near-term breakout trade. That trade will hit once SCLN takes out some near-term overhead resistance at $5.18, and then its 50-day at $5.31 and its 200-day at $5.53 with high volume.

Traders should now look for long-biased trades in SCLN as long as it’s trending above $4.50, and then once it sustains a move or close above those breakout levels with volume that’s near or above 679,364 shares. If that breakout triggers soon, then SCLN will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $5.99 to $6.04.

Dendreon

Dendreon (DNDN) is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients. This stock is trading up 4.3% at $4.99 in recent trading.

Today’s Range: $4.77-$5.15

52-Week Range: $4.17-$17.04

Volume: 4.3 million

Three-Month Average Volume: 4.9 million

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From a technical perspective, DNDN is bouncing off some near-term support here at $4.70 with decent volume. This move is quickly pushing DNDN within range of triggering a major breakout trade. That trade will hit once DNDN clears some near-term overhead resistance levels at $5.16 to $5.34 with high volume.

Traders should now look for long-biased trades in DNDN as long as it’s trending above $4.70, and then once it sustains a move or close above those breakout levels with volume that’s near or above 4.9 million shares. If that breakout triggers soon, then DNDN will have an excellent chance of re-filling its previous gap and potentially trading up towards $6.50 to $7.50.

Keep in mind that if DNDN triggers that breakout with volume, then it will move back above its 50-day at $5.24, which is bullish technical price action.

Rosetta Genomics

Rosetta Genomics (ROSG) develops and commercializes diagnostic tests based on microRNAs. This stock is trading up 5.6% to $6.55 in recent trading.

Today’s Range: $6.29-$6.87

52-Week Range: $1.40-$23.43

Volume: 3.1 million

Three-Month Average Volume: 1.6 million

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From a technical perspective, ROSG is pushing higher here back above its 200-day at $6.09, and its flirting with its 50-day at $6.62 with above-average volume. This move is quickly pushing ROSG within range of triggering a major breakout trade. That trade will hit once ROSG manages to clear some near-term overhead resistance at $6.65 to $7.19 with high volume. At last check, ROSG has hit an intraday high of $6.87 and volume is well above its three-month average action of 1.6 million shares.

Traders should now look for long-biased trades in ROSG as long as its trending above its 200-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 1,610,000 shares. If that breakout triggers soon, then ROSG will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $9 to $12.

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.