Stock Quotes in this Article: MSPD, ENPH, FU

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

>>5 Tech Stocsk to Buy This Summer

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 today.

FAB Universal

FAB Universal's (FU) operations include the sale of digital media through retail, wholesale and kiosks. This stock closed up 5.4% to $3.68 on Tuesday.

Tuesday's Range: $3.53-$3.70

52-Week Range: $2.00-$5.70

Volume: 86,000

Three-Month Average Volume: 76,759

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From a technical perspective, FU jumped higher here back above its 200-day at $3.63 and right below its 50-day at $3.71 with above-average volume. This move is quickly pushing shares of FU within range of triggering a major breakout trade. That trade will hit if FU manages to take out its 50-day at $3.71 and then once it clears more resistance levels at $3.80 to $3.85 with high volume.

Traders should now look for long-biased trades in FU as long as it's trending above Tuesday's low of $3.53 or above more support at $3.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 76,759 shares. If that breakout triggers soon, then FU will set up to re-test or possibly take out its next major overhead resistance levels at $4.20 to $4.65. Any high-volume move above $4.65 will then give FU a chance to tag $5.

Mindspeed Technologies

Mindspeed Technologies (MSPD), a semiconductor and solar technology company, closed up 5.1% to $3.45 on Tuesday.

Tuesday's Range: $3.25-$3.45

52-Week Range: $2.28-$5.27

Volume: 513,000

Three-Month Average Volume: 623,821

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From a technical perspective, MSPD bounced higher here right off its 50-day moving average of $3.19 with decent upside volume. This stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $2.28 to its recent high of $3.57. During that move, shares of MSPD have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MPSD within range of triggering a near-term breakout trade. That trade will hit if MSPD manages to take out some near-term overhead resistance levels at $3.57 to its 200-day at $3.67 with high volume.

Traders should now look for long-biased trades in MSPD as long as it's trending above its 50-day at $3.19 or above more near-term support at $2.92 and then once it sustains a move or close above those breakout levels with volume that hits near or above 623,821 shares. If we get that breakout, then MSPD will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to $5.

Keep in mind that MSPD is set to report earnings on July 30 after the market close. Look to play this breakout before and/or after the numbers have been released.

Enphase Energy

Enphase Energy (ENPH) provides new inverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, and reduces fire safety risk. This stock closed up 1.4% to $8.20 on Tuesday.

Tuesday's Range: $7.90-$8.33

52-Week Range: $1.92-$10

Volume: 406,000

Three-Month Average Volume: 331,125

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From a technical perspective, ENPH bounced modestly higher here right above its 50-day moving average at $7.76 with above-average volume. This stock has been uptrending strong for the last two months, with shares moving higher from its low of $6.14 to its recent high of $8.38. During that move, shares of ENPH have been consistently making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing ENPH within range of triggering a near-term breakout trade. That trade will hit if ENPH manages to take out some near-term overhead resistance at $8.38 with high volume.

Traders should now look for long-biased trades in ENPH as long as it's trending above its 50-day at $7.67 or above more support at $7 and then once it sustains a move or close above $8.38 with volume that hits near or above 331,125 shares. If that breakout triggers soon, then ENPH will set up to re-test or possibly take out its next major overhead resistance levels at $9.74 to its all-time high at $10. Any high-volume move above those levels will then give ENPH a chance to tag $11 to $12.

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:

>>5 Earnings Stocks Everyone Hates -- but You Should Love
>>5 Stocks Ripping Higher on Big Volume

>>5 Stocks Under $10 Set to Soar

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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.