Stock Quotes in this Article: EGO, MVG, KIOR

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.

MAG Silver

MAG Silver (MVG) focuses on advancing two significant projects located within the Mexican Silver Belt. It explores for silver, lead, zinc, copper and gold. This stock closed up 4.6% to $7.72 in Tuesday's trading session.

Tuesday's Range: $7.35-$7.76

52-Week Range: $4.87-$8.99

Tuesday's Volume: 38,000

Three-Month Average Volume: 71,955

From a technical perspective, MVG spiked sharply higher here back above its 50-day moving average of $7.64 with lighter-than-average volume. This sock has been uptrending for the last few weeks, with shares moving higher off its 200-day moving average at around $6.30 to its recent high of $7.85. During that move, shares of MVG have been consistently making higher lows and higher highs, which is bullish technical price action. Shares of MVG are now quickly moving within range of triggering a near-term breakout trade. That trade will hit if MVG manages to take out some near-term overhead resistance levels at $7.85 to $7.86 with high volume.

Traders should now look for long-biased trades in MVG as long as it's trending above some near-term support levels at $7.25 or at $7 and then once it sustains a move or close above those breakout levels with volume that hits near or above 71,955 shares. If that breakout kicks off soon, then MVG will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high at $8.99.

Eldorado Gold

Eldorado Gold (EGO), together with its subsidiaries, is engaged in the exploration, discovery, development, production and reclamation of gold properties in Brazil, China, Greece, Turkey and Romania. This stock closed up 3.2% to $6.13 in Tuesday's trading session.

Tuesday's Range: $5.92-$6.15

52-Week Range: $5.35-$9.59

Tuesday's Volume: 3.14 million

Three-Month Average Volume: 5.31 million

From a technical perspective, EGO trended higher here with lighter-than-average volume. This stock recently formed a major bottoming chart pattern, after EGO found buying interest at $5.57, which happens to sit just above some past support at $5.47. This spike higher on Tuesday is starting to push shares of EGO within range of triggering a big breakout trade. That trade will hit if EGO manages to take out some near-term overhead resistance levels at $6.14 to $6.15 with high volume.

Traders should now look for long-biased trades in EGO as long as it's trending above support at $5.80 or above more support at $5.57 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.31 million shares. If that breakout starts soon, then EGO will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $6.37 to its 200-day moving average of $6.68. If those levels get taken out with volume soon, then EGO will set up to tag its next major overhead resistance levels at $7 to $7.50.

KiOR

KiOR (KIOR), a renewable fuels company, produces and sells cellulosic gasoline and diesel from lignocellulosic biomass using its proprietary biomass-to-cellulosic fuel technology platform. This stock closed up 6.8% to 60 cents per share in Tuesday's trading session.

Tuesday's Range: $0.56-$0.62

52-Week Range: $0.33-$5.94

Thursday's Volume: 319,000

Three-Month Average Volume: 1.58 million

From a technical perspective, KIOR ripped sharply higher here right above some near-term support at 53 cents per share with lighter-than-average volume. This move is quickly pushing shares of KIOR within range of triggering a near-term breakout trade. That trade will hit if KIOR manages to take out some near-term overhead resistance levels at 62 to 69 cents per share with high volume.

Traders should now look for long-biased trades in KIOR as long as it's trending above Tuesday's low of 56 cents per share or above 53 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.58 million shares. If that breakout triggers soon, then KIOR will set up to re-test or possibly take out its next major overhead resistance levels 80 cents per share to its 50-day moving average of 89 cents per share.

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.