Stock Quotes in this Article: ODP, ZLC, PACD

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

>>5 Big Stocks to Trade for Gains

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.

>>5 Stocks With Big Insider Buying

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.

Pacific Drilling

Pacific Drilling (PACD) is an international offshore drilling contractor committed to becoming the preferred provider of ultra-deepwater drilling services to the oil and natural gas industry through the use of high-specification rigs. This stock closed up 1% to $9.94 in Thursday's trading session.

Thursday's Range: $9.87-$10.00

52-Week Range: $8.63-$10.99

Thursday's Volume: 450,000

Three-Month Average Volume: 308,772

>>5 Surprise Stocks the Pros Love Right Now

From a technical perspective, PACD bounced modestly higher here right above its 50-day moving average of $9.67 with above-average volume. This stock has been trending sideways and consolidating for the last five months, with shares moving between $8.89 on the downside and $10.23 on the upside. Shares of PACD are now starting to trend within range of triggering a breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if PACD manages to take out some key overhead resistance levels at $10.14 to $10.23 with high volume.

Traders should now look for long-biased trades in PACD as long as it's trending above its 50-day at $9.81 and then once it sustains a move or close above those breakout levels with volume that hits near or above 308,772 shares. If that breakout triggers soon, then PACD will set up to re-test or possibly take out its next major overhead resistance levels at $10.71 to its 52-week high at $10.99. Any high-volume move above $10.99 will then put its all-time high at $11.47 within range for shares of PACD.

Zale

Zale (ZLC) is a specialty retailer of fine jewelry in North America. This stock closed up 2.5% to $9.52 in Thursday's trading session.

Thursday's Range: $9.29-$9.56

52-Week Range: $2.94-$9.85

Thursday's Volume: 567,000

Three-Month Average Volume: 951,295

>>4 Big Stocks on Trader's Radars

From a technical perspective, ZLC bounced modestly higher here right above its 50-day moving average of $8.70 with lighter-than-average volume. This stock has been consolidating and trending sideways over the last month, with shares moving between $8.44 on the downside and $9.70 on the upside. This spike today is now starting to push ZLC within range of triggering a major breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if ZLC manages to take out some near-term overhead resistance levels at $9.70 to its 52-week high at $9.85 with high volume.

Traders should now look for long-biased trades in ZLC as long as it's trending above its 50-day at $8.70 or above more support at $8.44 and then once it sustains a move or close above those breakout levels with volume that hits near or above 951,295 shares. If that breakout triggers soon, then ZLC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $12 to $14.

Office Depot

Office Depot (ODP) is a global supplier of office products and services under the Office Depot brand and other proprietary brand names. This stock closed up 1.8% to $4.41 in Thursday's trading session.

Thursday's Range: $4.34-$4.43

52-Week Range: $1.51-$6.10

Thursday's Volume: 7.76 million

Three-Month Average Volume: 6.66 million

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, ODP trended up modestly here right above its 50-day moving average of $4.24 with above-average volume. This move is quickly pushing shares of ODP within range of triggering a major breakout trade. That trade will hit if ODP manages to take out some near-term overhead resistance levels at $4.49 to $4.51 with high volume.

Traders should now look for long-biased trades in ODP as long as it's trending above its 50-day at $4.24 or above more key support at $4.08 and then once it sustains a move or close above those breakout levels with volume that hits near or above 6.66 million shares. If that breakout triggers soon, then ODP will set up to re-test or possibly take out its next major overhead resistance levels at $5.60 to its 52-week high at $6.10. Any high-volume move above $6.10 will then put $6.50 to $7 within range for shares of ODP.

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.

RELATED LINKS:

>>3 Hot Stocks to Trade (or Not)
>>5 REITs to Trade for August Gains

>>5 Stocks Under $10 Set to Soar

Follow Stockpickr on Twitter and become a fan on Facebook.

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.