Stock Quotes in this Article: MCP, ODP, SIRI, XCO

MADISON, 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 today.

Molycorp

Molycorp (MCP) is a rare earth company. This stock is trading up 5.6% to $6.13 in recent trading.

Today's Range: $5.83-$6.14

52-Week Range: $4.70-$20.52

Volume: 3.27 million

Three-Month Average Volume: 7.85 million

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From a technical perspective, MCP is ripping higher here right above some near-term support at $5.66 and back above its 50-day moving average at $6.09 with lighter-than-average volume. This move is quickly pushing shares of MCP within range of triggering a near-term breakout trade. That trade will hit if MCP manages to take out some near-term overhead resistance at $6.25 with high volume.

Traders should now look for long-biased trades in MCP as long as it's trending above its 50-day at $6.09 or above today's low of $5.82 and then once it sustains a move or close above $6.25 with volume that hits near or above 7.85 million shares. If that breakout triggers soon, then MCP will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $7.70 to $7.90.

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 is trading up 2.6% to $4.26 in recent trading.

Today's Range: $4.17-$4.28

52-Week Range: $1.51-$6.10

Volume: 3.55 million

Three-Month Average Volume: 7.18 million

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From a technical perspective, ODP is trending higher here right above its 50-day moving average of $4.11 with lighter-than-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 key near-term overhead resistance levels at $4.37 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 $4.11 or above $4 and then once it sustains a move or close above those breakout levels with volume that hits near or above 7.18 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 $5.50 to its 52-week high at $6.10. Any high-volume move above $6.10 will then give ODP a chance to tag $7.

Sirius XM Radio

Sirius XM Radio (SIRI) broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the U.S. for a subscription fee through its proprietary satellite radio systems: the SIRIUS system and the XM system. This stock is trading up 3% to $3.58 in recent trading.

Today's Range: $3.51-$3.60

52-Week Range: $1.99-$3.63

Volume: 52.67 million

Three-Month Average Volume: 56.37 million

Shares of SIRI are trending higher today after the company said the number of paid subscribers to its radio service hit 25 million in the second quarter, helped by strong auto sales. The company also raised its subscriber expectations for the year by 100,000, to 1.5 million.

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From a technical perspective, SIRI is ripping higher here and breaking out above some near-term overhead resistance levels at $3.48 to $3.52 with strong upside volume. This stock has been uptrending strong for the last few weeks, with shares soaring higher from its low of $3.04 to its intraday high of $3.60. During that move, shares of SIRI have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SIRI within range of triggering an even bigger breakout trade. That trade will hit if SIRI manages to take out its 52-week high at $3.63 with high volume.

Traders should now look for long-biased trades in SIRI as long as it's trending above its 50-day at $3.40, and then once it sustains a move or close above its 52-week high at $3.63 with volume that hits near or above 56.37 million shares. If that breakout triggers soon, then SIRI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4.50 to $5.50.

Exco Resources

Exco Resources (XCO), an oil and natural gas company, acquires, develops and explores onshore North American oil and natural gas properties. This stock is trading up 3.9% to $8.47 cents per share in recent trading.

Today's Range: $8.17-$8.49

52-Week Range: $5.97-$9.08

Volume: 2.50 million

Three-Month Average Volume: 3.33 million

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From a technical perspective, XCO is ripping higher here and breaking out above some near-term overhead resistance levels at $8.30 to $8.48 with decent upside volume flows. This move is quickly pushing shares of XCO within range of triggering an even bigger breakout trade. That trade will hit if XCO manages to take out some key overhead resistance levels at $8.65 to $8.91 and then once it clears its 52-week high at $9.08 with high volume.

Traders should now look for long-biased trades in XCO as long as it's trending above $8.30 or above its 50-day at $7.83 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.33 million shares. If that breakout triggers soon, then XCO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $10.46 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 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.