Stock Quotes in this Article: EMKR, HYGS, NEON

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.

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Neonode

Neonode (NEON) develops and licenses the next generation of MultiSensing user interfaces and optical multi-touch solutions for consumer brands. This stock is trading up 5.2% to $4.81 in recent trading.

Today’s Range: $4.61-$4.95

52-Week Range: $2.85-$7.40

Volume: 89,000

Three-Month Average Volume: 210,526

From a technical perspective, NEON is spiking higher here right off its 50-day moving average of $4.30 with lighter volume. This move is quickly pushing shares of NEON within range of triggering a major breakout trade. That trade will hit if NEON manages to clear some key overhead resistance levels at $5.24 to $5.30 and then once it takes out more resistance at $5.59 with high volume.

Traders should now look for long-biased trades in NEON as long as it’s trending above its 50-day at $4.30, and then once it sustains a move or close above those breakout levels with volume that hits near or above 210,526 shares. If that breakout hits soon, then NEON will set up to re-test or possibly take out its next major overhead resistance levels $6.50 to $7.

Emcore

Emcore (EMKR) is a provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. This stock is trading up 8.1% to $5.05 in recent trading.

Today’s Range: $4.59-$5.08

52-Week Range: $3.45-$5.99

Volume: 125,000

Three-Month Average Volume: 100,249

From a technical perspective, EMKR is ripping higher here right off its 200-day moving average of $4.62 with above-average volume. This stock has been uptrending strongly for the last two months, with shares soaring from its low of $3.91 to its intraday high of $5.06. During that move, shares of EMKR have been consistently making higher lows and higher highs, which is bullish technical price action. This move today has now pushed EMKR into breakout territory, since the stock has taken out some near-term overhead resistance levels at $4.85 to $4.96.

Traders should now look for long-biased trades in EMKR 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 hits near or above 100,249 shares. If EMKR can maintain this move, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $5.87 to $5.99. Any high-volume move above those levels will then put $7 into range for shares of EMKR.

Hydrogenics

Hydrogenics (HYGS) designs, develops and manufactures hydrogen generation products based on water electrolysis technology and fuel cell products based on proton exchange membrane technology. This stock is trading up 8.5% to $8.20 in recent trading.

Today’s Range: $7.51-$8.29

52-Week Range: $4.47-$8.78

Volume: 13,000

Three-Month Average Volume: 13,189

From a technical perspective, HYGS is spiking higher here right above its 50-day moving average of $7.27 with relatively light volume. This move has started to push shares of HYGS into breakout territory, since the stock has cleared some near-term overhead resistance at $7.95. Shares of HYGS are now quickly moving within range of triggering another major breakout trade. That trade will hit if HYGS takes out its 52-week high of $8.78 with high volume.

Traders should now look for long-biased trades in HYGS as long as it’s trending its 50-day at $7.27, and then once it sustains a move or close above $7.95 to $8.78 with volume that hits near or above 13,189 shares. If that breakout triggers soon, then HYGS will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $11 in the near future.

To see more stocks 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 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.