Stock Quotes in this Article: IFON, PLUG, WSTL

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.

Plug Power

Plug Power (PLUG), an alternative energy technology provider, engages in the design, development, commercialization and manufacture of fuel cell systems for the industrial off-road markets worldwide. This stock closed up 15.1% to $3.27 in Tuesday's trading session.

Tuesday's Range: $2.80-$3.30

52-Week Range: $0.12-$4.90

Tuesday's Volume: 24.44 million

Three-Month Average Volume: 18.38 million

From a technical perspective, PLUG spiked sharply higher here and broke out above some near-term overhead resistance at $3.25 with heavy upside volume. This stock recently pulled back from its 52-week high of $4.90 to its recent low of $2.22. That pullback stopped just above PLUG's 50-day moving average. Shares of PLUG have now started to rebound sharply off that $2.22 low and the stock has now started to trend into breakout territory. Market players should now look for a continuation move higher in the short-term if PLUG can manage to Tuesday's high of $3.30 to some more near-term overhead resistance at $3.60 with high volume.

Traders should now look for long-biased trades in PLUG as long as it's trending above Tuesday's low of $2.80 or above more near-term support at $2.50 and then once it sustains a move or close above $3.30 to $3.60 with volume that hits near or above 18.38 million shares. If we get that move soon, then PLUG will set up to re-test or possibly take out its next major overhead resistance levels at $4.20 to its 52-week high at $4.90.

Westell Technologies

Westell Technologies (WSTL), through its subsidiaries, designs, manufactures and distributes telecommunications products to telephone companies and other telecommunications service providers. This stock closed up 5.7% to $3.86 in Tuesday's trading session.

Tuesday's Range: $3.73-$4.10

52-Week Range: $1.75-$4.90

Tuesday's Volume: 629,000

Three-Month Average Volume: 244,959

From a technical perspective, WSTL spiked sharply higher here right off its 50-day moving average of $3.82 with strong upside volume. This move briefly pushed shares of WSTL into breakout territory, after the stock flirted with some near-term overhead resistance levels at $3.92 to $4.07. Shares of WSTL closed just below those levels at $3.86. Market players should now look for a continuation move higher in the short-term if WSTL manages to take out Tuesday's high of $4.10 to some more past resistance at $4.20 with high volume.

Traders should now look for long-biased trades in WSTL as long as it's trending above Tuesday's low of $3.73 or above more support at $3.60 and then once it sustains a move or close above $4.10 to $4.20 with volume that hits near or above 244,959 shares. If we get that move soon, then WSTL will set up to re-test or possibly take out its 52-week high at $4.90.

Infosonics

Infosonics (IFON) designs, develops, manufactures and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, dealer agents, resellers and original equipment manufacturers. This stock closed up 7.9% to $2.72 in Tuesday's trading session.

Tuesday's Range: $2.30-$2.75

52-Week Range: $0.38-$3.08

Tuesday's Volume: 1.26 million

Three-Month Average Volume: 435,011

From a technical perspective, IFON ripped sharply higher here right above some near-term support at $2.26 with heavy upside volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of 66 cents to its recent high of $3.08. During that uptrend, shares of IFON have been consistently making higher lows and higher highs, which is bullish technical price action. The spike on Tuesday is now starting to push shares of IFON within range of triggering a major breakout trade. That trade will hit if IFON manages to take out some near-term overhead resistance levels at $2.90 to its 52-week high at $3.08 with high volume.

Traders should now look for long-biased trades in IFON as long as it's trending above Tuesday's low of $2.30 or above more near-term support at $2.26 and then once it sustains a move or close above those breakout levels with volume that hits near or above 435,011 shares. If that breakout hits soon, then IFON will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $3.50 to $4, or even $4.50.

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.