Stock Quotes in this Article: ACAD, FSS, PLG, PSMI

WINDERMERE, Fla. (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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Acadia Pharmaceuticals

Acadia Pharmaceuticals (ACAD), which is in the business of development and commercialization of small molecule drugs for the treatment of central nervous system disorders, is trading up 3.7% to $6.41 in recent trading.

Today’s Range: $6.27-$6.64

52-Week Range: $1.29-$6.88

Volume: 2.32 million

Three-Month Average Volume: 1.67 million

Shares of ACAD are trending higher today after Jefferies initiated the stock with a buy rating.

From a technical perspective, ACAD is bouncing higher here right above its 50-day moving average of $5.98 with above-average volume. This stock has been trading inside of a consolidation pattern for the last two months and change, with shares moving between $5.72 on the downside and $6.88 on the upside. This spike is quickly pushing ACAD within range of triggering a breakout trade above the upper-end of its recent range. That trade will hit if ACAD manages to clear some near-term overhead resistance levels at $6.67 to $6.88 with high volume.

Traders should now look for long-biased trades in ACAD as long as it’s trending above its 50-day at $5.98 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.67 million shares. If that breakout triggers soon, then ACAD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $8 to $9.

Federal Signal

Federal Signal (FSS) designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. This stock is trading up 5.9% to $8.00 in recent trading.

Today’s Range: $7.61-$8.18

52-Week Range: $4.47-$8.63

Volume: 195,000

Three-Month Average Volume: 218,200

From a technical perspective, FSS is spiking higher here back above its 50-day moving average of $7.92 with decent upside volume. This move is quickly pushing shares of FSS within range of triggering a major breakout trade. That trade will hit if FSS manages to take out some near-term overhead resistance levels at $8.35 to $8.63 with high volume.

Traders should now look for long-biased trades in FSS as long as it’s trending above its 50-day at $7.92, and then once it sustains a move or close above those breakout levels with volume that hits near or above 218,200 shares. If that breakout triggers soon, then FSS will set up to enter new 52-week high territory above $8.63, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $12.

Peregrine Semiconductor

Peregrine Semiconductor (PSMI) is a fabless provider of high performance radio frequency integrated circuits or RFICs. This stock is trading up 6.9% to $9.40 in recent trading.

Today’s Range: $8.99-$9.47

52-Week Range: $8.25-$19.47

Volume: 294,000

Three-Month Average Volume: 207,543

From a technical perspective, PSMI is trending higher here right above some near-term support at $8.71 with above-average volume. This stock has been trending sideways for the last two months, with shares moving between $8.25 on the downside and $10.39 on the upside. This spike today is quickly pushing shares of PSMI within range of triggering a near-term breakout trade. That trade will hit if PSMI manages to clear some near-term overhead resistance at $9.38 with high volume. At last check, PSMI has hit an intraday high of $9.47 and volume is well above its three-month average action of 207,543 shares.

Traders should now look for long-biased trades in PSMI as long as it’s trending above $8.71 and then once it sustains a move or close above $9.38 with volume that hits near or above 207,543 shares. If that breakout triggers soon, then PSMI will set up to re-test or possibly take out its next major overhead resistance levels at $10.38 to its 50-day moving average at $11.14. Any high-volume move above $11.14 will then put $12 to $13 into range for shares of PSMI.

Platinum Group Metal

Platinum Group Metal (PLG) is an exploration and development stage company conducting work on mineral properties it has staked or acquired by way of option agreements in Ontario, Canada and the Republic of South Africa. This stock is trading up 5.7% to $1.46 in recent trading.

Today’s Range: $1.37-$1.48

52-Week Range: $0.75-$1.60

Volume: 1.02 million

Three-Month Average Volume: 552,477

From a technical perspective, PLG is bouncing higher here right off some near-term support at $1.36 with heavy upside volume. This stock has been trading inside of a consolidation pattern for the last two months, with shares moving between $1.28 on the downside and $1.52 on the upside. This spike today is quickly pushing shares of PLG within range of triggering a near-term breakout trade above the upper-end of its recent consolidation chart pattern. That trade will hit if PLG manages to clear some near-term overhead resistance levels at $1.47 to $1.52 with high volume.

Traders should now look for long-biased trades in PLG as long as it’s trending above some key near-term support levels $1.36 or $1.28, and then once it sustains a move or close above those breakout levels with volume that hits near or above 552,477 shares. If that breakout hits soon, then PLG will set up to re-test or possibly take out its next major overhead resistance levels at $1.72 to $1.90. Any high-volume move above those levels will then put $2.20 to $2.40 into range for shares of PLG.

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 Winderemere, Fla.

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

Roberto Pedone, based out of Windermere, Fla., 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.