Stock Quotes in this Article: ALIM, MNGA, MY

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.

China Ming Yang Wind Power Group

China Ming Yang Wind Power Group (MY) designs, manufactures, sells and services megawatt-class wind turbines in the People's Republic of China and the Republic of India. This stock closed up 3.5% to $3.20 in Tuesday's trading session.

Tuesday's Range: $3.13-$3.21

52-Week Range: $1.48-$4.34

Tuesday's Volume: 997,000

Three-Month Average Volume: 1.55 million

From a technical perspective, MY jumped higher here with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $2.93 to $2.95. Following that bottom, shares of MY have started to spike higher and move within range of triggering a near-term breakout trade. That trade will hit if MY manages to take out its 50-day moving average of $3.26 to some more near-term overhead resistance at $3.29 with high volume.

Traders should now look for long-biased trades in MY as long as it's trending above those double bottom support zones and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.55 million shares. If that breakout gets started soon, then MY will set up to re-test or possibly take out its next major overhead resistance levels at $3.61 to $3.88, or even $4 to $4.20.

Alimera Sciences

Alimera Sciences (ALIM), a biopharmaceutical company, is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. This stock closed up 4.5% to $6.02 in Tuesday's trading session.

Tuesday's Range: $5.66-$6.09

52-Week Range: $1.65-$8.44

Tuesday's Volume: 148,000

Three-Month Average Volume: 154,137

From a technical perspective, ALIM ripped higher here right off its 50-day moving average of $5.70 with decent upside volume flows. This spike higher on Tuesday is quickly pushing shares of ALIM within range of triggering a major breakout trade. That trade will hit if ALIM manages to take out some key near-term overhead resistance levels at $6.10 to $6.37 with high volume.

Traders should now look for long-biased trades in ALIM as long as it's trending above Tuesday's intraday low of $5.66 or above some more key support at $5.54 and then once it sustains a move or close above those breakout levels with volume that hits near or above 154,137 shares. If that breakout gets underway soon, then ALIM will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.50, or even $8.

Magnegas

Magnegas (MNGA) is an alternative energy company. This stock closed up 3.4% to $1.52 in Tuesday's trading session.

Tuesday's Range: $1.46-$1.58

52-Week Range: $0.40-$2.45

Tuesday's Volume: 1.32 million

Three-Month Average Volume: 1.26 million

From a technical perspective, MNGA jumped higher here right off its 50-day moving average of $1.46 with above-average volume. This spike higher on Tuesday is quickly pushing shares of MNGA within range of triggering a near-term breakout trade. That trade will hit if MNGA manages to take out Tuesday's intraday high of $1.58 to some more key overhead resistance levels at $1.60 to $1.65 with high volume.

Traders should now look for long-biased trades in MNGA as long as it's trending above some key near-term support levels at $1.43 or at around $1.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.26 million shares. If that breakout kicks off soon, then MNGA will set up to re-test or possibly take out its next major overhead resistance levels at $1.77 to $1.83. Any high-volume move above those levels will then give MNGA a chance to make a run at its 52-week high of $2.45.

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.