Stock Quotes in this Article: ARRY, NPSP, ZAGG

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 Huge Stocks Ready to Slingshot Higher

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.

 

Zagg

Zagg (ZAGG) designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices. This stock is trading up 4% to $8.72 in recent trading.

Today’s Range: $8.35-$8.80

52-Week Range: $6.40-$14

Volume: 585,000

Three-Month Average Volume: 842,252

From a technical perspective, ZAGG is moving notably higher here with decent volume. This move is quickly pushing ZAGG within range of triggering a near-term breakout trade. That trade will hit once ZAGG takes out some near-term overhead resistance at $8.90, and once it clears its 50-day at $8.97 with high volume.

Traders should now look for long-biased trades in ZAGG once it sustains a move or close above those levels with volume that’s near or above 842,252 shares. If that breakout triggers soon, then XAGG will have a great chance of re-testing or possibly taking out its next significant overhead resistance levels at $9.90 to $11.

On the flip side, I would avoid ZAGG or look for short-biased trades if it fails to trigger that breakout, and then moves back below some near-term support at $8.15 to $8 with high volume.

NPS Pharmaceuticals

NPS Pharmaceuticals (NPSP) is focused on the development of orphan products for patients with rare gastrointestinal and endocrine disorders and high unmet medical needs. This stock is trading up 2.8% to $8.95 in recent trading.

Today’s Range: $8.58-$9.06

52-Week Range: $4.35-$9.28

Volume: 897,000

Three-Month Average Volume: 890,000

From a technical perspective, NPSP is bouncing higher here right around some near-term support at $8.50 with above-average volume. This move is quickly pushing NPSP within range of triggering a major breakout trade. That trade will hit once NPSP takes out some overhead resistance at $9.06 to $9.28 with high volume.

Traders should now look for long-biased trades in NPSP as long as it’s trending above $8.50, and then once it sustains a move or close above those breakout levels with volume that’s near or above 890,000 shares. If that breakout triggers soon, then look for NPSP to re-test or possibly take out its next major overhead resistance levels at $10 to $10.33, or even $10.75.

Array Biopharma

Array Biopharma (ARRY) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 3.8% to $5.74 in recent trading.

Today’s Range: $5.50-$5.74

52-Week Range: $1.58-$5.94

Volume: 594,000

Three-Month Average Volume: 1,016,790

From a technical perspective, ARRY is trending higher here right off some near-term support at $5.50 with light volume. This move is quickly pushing ARRY within range of triggering a major breakout trade. That trade will hit once ARRY manages to clear some near-term overhead resistance at $5.94 with high volume.

Traders should now look for long-biased trades in ARRY as long as it’s trending above $5.25, and then once it sustains a move or close above $5.94 with volume that’s near or above 1,016,790 shares. If that breakout triggers soon, then ARRY will enter new 52-week-high territory and levels not seen since 2008. Some possible upside targets are $7 to $8 if ARRY triggers that breakout soon with volume.

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.