3 Stocks Under $10 Making Big Moves - views

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.

Amicus Therapeutics

Amicus Therapeutics (FOLD) is a biopharmaceutical company focused on the discovery, development and commercialization of orally administered, small molecule drugs known as pharmacological chaperones for treating a range of diseases, including lysosomal storage diseases and diseases of neurodegeneration. This stock is trading up 9.6% to $5.67 in recent trading.

Today’s Range: $5.45-$6.15

52-Week Range: $2.10-$7.29

Volume: 1.3 million

Three-Month Average Volume: 241,632

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From a technical perspective, FOLD is gapping up sharply here back above its 50-day and 200-day moving averages with heavy volume. This move has briefly pushed FOLD into breakout territory, since the stock has flirted with some near-term overhead resistance at $5.74. At last check, FOLD has hit an intraday high of $6.15 but it has subsequently pulled back to around $5.60.

Traders should now look for long-biased trades in FOLD as long as its trending above $5.74 to today’s high of $6.15 with strong upside volume flows. I would consider any upside volume day that registers near or above 241,632 shares as bullish. If FOLD can maintain that trend, then look for this stock to re-test or possibly take out its next significant overhead resistance levels at $6.89 to $7.29, and possibly $8 to $8.12 in the near future.

Amicus was included in a list of 22 Biopharma Stocks With Breakout Potential in 2012.

Alpha Natural Resources

Alpha Natural Resources (ANR) is a supplier and exporter of metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries across the country. This stock is trading up 5.6% to $7.16 in recent trading.

Today’s Range: $6.85-$7.24

52-Week Range: $5.28-$29.29

Volume: 13.4 million

Three-Month Average Volume: 20.4 million

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From a technical perspective, ANR is trending higher here back above its 50-day at $6.80 with lighter volume. This move has also started to push ANR into breakout territory, since the stock has started to trend above some near-term overhead resistance levels at $7.03 to $7.13.

Traders should now look for long-biased trades in ANR as long as it’s trending above its 50-day and those breakout levels with strong upside volume flows. I would consider any upside volume day that registers near or above 20.4 million shares as bullish. If ANR can maintain that trend, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $9.05 to $9.74.