Stock Quotes in this Article: MITK, RBCN, GIG

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

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.

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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.

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.

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Mitek Systems

Mitek Systems (MITK) is engaged in the development, sale and service of its proprietary software solutions related to mobile imaging applications and intelligent recognition software. This stock is trading up 3.5% to $5.57 in recent trading.

Today's Range: $5.36-$5.60

52-Week Range: $1.96-$5.76

Volume: 318,000

Three-Month Average Volume: 390,013

Shares of MITK are ripping higher today after the company said its signature verification fraud detection process received a U.S. patent.

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From a technical perspective, MITK is ripping higher here right above its 50-day moving average of $4.78 with decent upside volume. This move is quickly pushing shares of MITK within range of triggering a major breakout trade. That trade will hit if MITK manages to take out some near-term overhead resistance levels at $5.60 to $5.76 with high volume.

Traders should now look for long-biased trades in MITK as long as it's trending above its 50-day at $4.78, and then once it sustains a move or close above those breakout levels with volume that hits near or above 390,013 shares. If that breakout triggers soon, then MITK will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $8.

GigOptix

GigOptix (GIG) is a fabless supplier of semiconductor components that enable high speed information streaming over network infrastructures. This stock is trading up 9% to $1.56 in recent trading.

Today's Range: $1.44-$1.58

52-Week Range: $0.83-$2.80

Volume: 161,000

Three-Month Average Volume: 96,811

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From a technical perspective, GIG is ripping higher here right off some near-term support at $1.40 with above-average volume. This move is quickly pushing shares of GIG within range of triggering a near-term breakout trade. That trade will hit if GIG manages to take out some near-term overhead resistance levels at $1.53 to its 200-day moving average at $1.62 with high volume.

Traders should now look for long-biased trades in GIG as long as it's trending above today's low at $1.43 and then once it sustains a move or close above those breakout levels with volume that hits near or above 96,811 shares. If that breakout triggers soon, then GIG will set up to re-test or possibly take out its next major overhead resistance levels at $1.73 to $2.10. Any high-volume move above its next major overhead resistance levels at $2.14 to $2.17 will then put $2.50 into range for shares of GIG.

Rubicon Technology

Rubicon Technology (RBCN) is an electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other innovative crystalline products for LEDs, RFICs, blue laser diodes, optoelectronics and other optical applications. This stock is trading up 1.9% to $7.45 in recent trading.

Today's Range: $7.29-$7.60

52-Week Range: $4.83-$11.57

Volume: 330,000

Three-Month Average Volume: 439,447

From a technical perspective, RBCN is bouncing modestly higher here right off its 200-day moving average at $7.25 with decent upside volume. This stock has been uptrending strong for the last three months, with shares mostly making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing shares of RBCN within range of triggering a major breakout trade. That trade will hit if RBCN manages to take out some near-term overhead resistance levels at $7.62 to $7.88 with high volume.

Traders should now look for long-biased trades in RBCN as long as it's trending above its 200-day at $7.25 or its 50-day at $6.84 and then once it sustains a move or close above those breakout levels with volume that hits near or above 439,447 shares. If that breakout triggers soon, then RBCN will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to $9.50. Any high-volume move above $9.50 will then put $10 to $10.77 into range for shares of RBCN.

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 Madison, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, 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.