Stock Quotes in this Article: BDSI, GST, FSM

DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

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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.

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.

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With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

Gastar Exploration

Gastar Exploration (GST), an independent energy company, is engaged in the exploration, development and production of oil, condensate, natural gas and natural gas liquids in the U.S. This stock closed up 5.4% to $6.62 in Tuesday's trading session.

Tuesday's Range: $6.30-$6.82

52-Week Range: $2.17-$7.13

Tuesday's Volume: 1.26 million

Three-Month Average Volume: 1.01 million

From a technical perspective, GST spiked sharply higher here right above its 50-day moving average of $6.15 with above-average volume. This move is quickly pushing shares of GST within range of triggering a major breakout trade. That trade will hit if GST manages to take out some near-term overhead resistance levels at $6.85 to its 52-week high at $7.13 with high volume.

Traders should now look for long-biased trades in GST as long as it's trending above its 50-day at $6.15 or above more near-term support at $5.93 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.01 million shares. If that breakout hits soon, then GST will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $8 to $9.

Fortuna Silver Mines

Fortuna Silver Mines (FSM) explores for, extracts and processes silver and gold properties in Latin America. This stock closed up 6.9% to $5.15 in Tuesday's trading session.

Tuesday's Range: $3.91-$4.15

52-Week Range: $2.56-$4.79

Tuesday's Volume: 206,000

Three-Month Average Volume: 279,558

From a technical perspective, FSM spiked sharply higher here back above its 50-day moving average of $4.06 with decent upside volume. This move pushed shares of FSM into breakout territory, since the stock took out some near-term overhead resistance at $4.08. Market players should now look for a continuation move higher in the short-term if FSM manages to take out Tuesday's intraday high of $4.15 with strong volume.

Traders should now look for long-biased trades in FSM as long as it's trending above Tuesday's low of $3.91 or above its 200-day at $3.72 and then once it sustains a move or close above Tuesday's intraday high of $4.15 with volume that hits near or above 279,558 shares. If that move starts soon, then FSM will set up to re-test or possibly take out its 52-week high at $4.79.

BioDelivery Sciences International

BioDelivery Sciences International (BDSI), a specialty pharmaceutical company, develops and commercializes therapeutics in the areas of pain management and oncology supportive care. This stock closed up 4.2% to $8.85 in Tuesday's trading session.

Tuesday's Range: $8.46-$8.95

52-Week Range: $3.86-$10.20

Tuesday's Volume: 429,000

Three-Month Average Volume: 570,250

From a technical perspective, BDSI spiked sharply higher here right off its 50-day moving average of $8.57 with decent upside volume. This move briefly pushed shares of BDSI into breakout territory, since the stock flirted with some near-term overhead resistance levels at $8.84 to $8.87. Shares of BDSI tagged an intraday high of $8.95, before the stock closed at $8.85. Market players should now look for a continuation move to the upside in the short-term if BDSI manage to take out Tuesday's high of $8.95 with strong upside volume flows.

Traders should now look for long-biased trades in BDSI as long as it's trending above Tuesday's low of $8.45 or above some more near-term support at $8.12 and then once it sustains a move or close above $8.95 with volume that hits near or above 570,250 shares. If that move gets started soon, then BDSI will set up to re-test or possibly take out its next major overhead resistance levels $9.50 to its 52-week high at $10.20.

To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., 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.