Stock Quotes in this Article: GTXI, XOMA, MEIP, RXDX

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.

Xoma

Xoma (XOMA) discovers and develops antibody-based therapeutics in the U.S., Europe and the Asia Pacific. This stock closed up 3.7% to $4.76 in Tuesday's trading session.

Tuesday's Range: $4.40-$4.78

52-Week Range: $3.42-$9.57

Tuesday's Volume: 1.62 million

Three-Month Average Volume: 1.83 million

From a technical perspective, XOMA jumped higher here right above its 50-day moving average of $4.29 with decent upside volume. This jump higher on Tuesday is starting to push shares of XOMA within range of triggering a near-term breakout trade. That trade will hit if XOMA manages to take out Tuesday's intraday high of $4.78 to some more key overhead resistance levels at $5 to $5.03 with high volume.

Traders should now look for long-biased trades in XOMA as long as it's trending above its 50-day at $4.29 or above $4 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.83 million shares. If that breakout kicks off soon, then XOMA will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $5.46 to $5.54. Any high-volume move above those levels will then give XOMA a chance to tag $6 to $6.45.

GTX

GTX (GTXI), a biopharmaceutical company, is engaged in the discovery, development and commercialization of small molecules for the treatment of cancer, cancer supportive care and other serious medical conditions. This stock closed up 1.4% to $1.40 in Tuesday's trading session.

Tuesday's Range: $1.37-$1.41

52-Week Range: $1.26-$7.14

Tuesday's Volume: 412,000

Three-Month Average Volume: 517,183

From a technical perspective, GTXI trended modestly higher here with decent upside volume. This move higher on Tuesday pushed shares of GTXI right into its 50-day moving average of $1.41, before the stock closed just below that level at $1.40. Shares of GTXI are now starting to trend within range of triggering a major breakout trade. That trade will hit if GTXI manages to take out Tuesday's high of $1.41 to some more key overhead resistance at $1.45 with high volume.

Traders should now look for long-biased trades in GTXI as long as it's trending above some key near-term support levels at $1.31 or at $1.28 and then once it sustains a move or close above those breakout levels with volume that hits near or above 517,183 shares. If that breakout kicks off soon, then GTXI will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $1.63 to $1.70.

MEI Pharma

MEI Pharma (MEIP), a development-stage oncology company, focuses on the clinical development of therapeutics for the treatment of cancer. This stock closed up 4.4% to $6.62 in Tuesday's trading session.

Tuesday's Range: $6.38-$6.76

52-Week Range: $5.31-$13.98

Tuesday's Volume: 348,000

Three-Month Average Volume: 250,790

From a technical perspective, MEIP ripped sharply higher here with strong upside volume flows. This stock recently formed a double bottom chart pattern at $5.53 to $5.51. Since forming that bottom, shares of MEIP have started to rip higher and on Tuesday this stock flirted with its 50-day moving average of $6.66. Shares of MEIP tagged an intraday high of $6.77, before closing just below that level and its 50-day at $6.62. This move is now starting to push shares of MEIP within range of triggering a near-term breakout trade. That trade will hit if MEIP manages to take out some key near-term overhead resistance levels at $6.83 to $6.85 with high volume.

Traders should now look for long-biased trades in MEIP as long as it's trending above Tuesday's intraday low of $6.38 or above $6 and then once it sustains a move or close above those breakout levels with volume that hits near or above 250,790 shares. If that breakout starts soon, then MEIP will set up to re-test or possibly take out its next major overhead resistance levels at $7.40 to $7.44. Any high-volume move above those levels will then give MEIP a chance to tag its 200-day moving average of $8.37 to $8.55.

Ignyta

Ignyta (RXDX), a precision medicine biotechnology company, is engaged in discovering or acquiring, developing and commercializing new drugs for cancer patients. This stock closed up 1.7% to $9.25 a share in Tuesday's trading session.

Tuesday's Range: $9.06-$9.40

52-Week Range: $5.36-$20.00

Tuesday's Volume: 30,000

Three-Month Average Volume: 78,406

From a technical perspective, RXDX popped modestly higher here right above some near-term support at $9 with lighter-than-average volume. This stock has been uptrending a bit over the last few weeks, with shares moving higher from its low of $7.64 to its recent high of $9.46. During that uptrend, shares of RXDX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RXDX within range of triggering a major breakout trade. That trade will hit if RXDX manages to take out some key near-term overhead resistance levels at $9.46 to $9.75 with high volume.

Traders should now look for long-biased trades in RXDX as long as it's trending above $8.75 or above $8.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 78,406 shares. If that breakout gets underway soon, then RXDX will set up to re-test or possibly take out its next major overhead resistance levels $10.64 to $12.

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.