Stock Quotes in this Article: CHOP, SSRI, UEPS

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.

>>Buy the Dips: This Bull Market's Not Over

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.

Net 1 Ueps Technologies

Net 1 Ueps Technologies (UEPS) is a provider of payment solutions and transaction processing services across multiple industries. This stock closed up 4.9% to $8.23 in Tuesday's trading session.

Tuesday's Range: $7.76-$8.30

52-Week Range: $4.61-$13

Tuesday's Volume: 205,000

Three-Month Average Volume: 193,566

From a technical perspective, UEPS spiked sharply higher here with above-average volume. This stock recently gapped down big from $11.50 to $7.33 with above-average volume. That move has pushed shares of UEPS into oversold territory, since its current relative strength index reading is 29.69. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. Shares of UEPS have now started to move within range of triggering a big breakout trade. That trade will hit if UEPS manages to take out some near-term overhead resistance levels at $8.44 to its 200-day moving average at $8.67 with high volume.

Traders should now look for long-biased trades in UEPS as long as it's trending above Tuesday's low of $7.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 193,566 shares. If that breakout hits soon, then UEPS will set up to re-fill some of its previous gap down zone that started at $11.50.

Silver Standard Resources

Silver Standard Resources (SSRI) engages in the acquisition, exploration, development and operation of silver-dominant resource properties principally in the Americas. This stock closed up 6.3% to $6.41 in Tuesday's trading session.

Tuesday's Range: $6.16-$6.43

52-Week Range: $5.18-$15.53

Tuesday's Volume: 1.95 million

Three-Month Average Volume: 1.60 million

From a technical perspective, SSRI gapped sharply higher here and broke out above some near-term overhead resistance levels at $6.09 to $6.38 with above-average volume. This breakout is pushing shares of SSRI outside of its recent sideways trading chart pattern, which saw the stock move between $5.47 on the downside and $6.38 on the upside. Market players should now look for a continuation move higher in the short-term if shares of SSRI can manage to take out Tuesday's high of $6.44 with strong volume.

Traders should now look for long-biased trades in SSRI as long as it's trending above Tuesday's low of $6.16 or above its 50-day at $5.87 and then once it sustains a move or close above $6.44 with volume that hits near or above 1.60 million shares. If we get that move soon, then SSRI will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $7.35 to $7.55. Any high-volume move above those levels will then give SSRI a chance to tag $8.

China Gerui Advanced Materials

China Gerui Advanced Materials (CHOP) operates as a contract manufacturer of cold-rolled narrow strip steel products in the People's Republic of China and internationally. This stock closed up 5.9% to $1.24 in Tuesday's trading session.

Tuesday's Range: $1.15-$1.25

52-Week Range: $1.12-$3.04

Thursday's Volume: 197,000

Three-Month Average Volume: 72,658

From a technical perspective, CHOP spiked sharply higher here right above its 52-week low of $1.12 with above-average volume. This stock has been downtrending badly for the last three months, with shares diving lower from its high of $1.82 to its low of $1.12. During that move, shares of CHOP have been mostly making lower highs and lower lows, which is bearish technical price action. That said, the downside volatility for shares of CHOP could be over in the short-term since the stock is finding high-volume buying interest off its recent low. Shares of CHOP are now quickly moving within range of triggering a near-term breakout trade. That trade will hit if CHOP manages to take out some near-term overhead resistance at $1.25 with high volume.

Traders should now look for long-biased trades in CHOP as long as it's trending above Tuesday's low of $1.15 or above its 52-week low of $1.12 and then once it sustains a move or close above $1.25 with volume that hits near or above 72,658 shares. If that breakout hits soon, then CHOP will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $1.40 to $1.52. Any high-volume move above those levels will then give CHOP a chance to tag $1.60 to $1.70.

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 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.