Stock Quotes in this Article: CBMX, HK, GALE, IMRS

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.

>>5 Hated Earnings Stocks Poised to Pop

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.

>>5 Stocks Ready to Break Out

CombiMatrix

CombiMatrix (CBMX) is a molecular diagnostics company that operates primarily in the field of genetic analysis and molecular diagnostics. This stock is trading up 7.2% to $3.40 in recent trading.

Today’s Range: $3.14-$3.49

52-Week Range: $1.40-$17.00

Volume: 389,000

Three-Month Average Volume: 639,057

From a technical perspective, CBMX is ripping higher here right above some near-term support at $2.97 with lighter-than-average volume. This stock recently sold off hard from its near-term high of $7.64 to its low of $2.80 a share. Following that selloff, shares of CMBX have started to stabilize and so far put in a triple bottom at $2.80 to $2.97. This bounce today off $2.97 is quickly pushing shares of CMBX within range of triggering an ear-term breakout trade. That trade will hit if CBMX can manage to take out some near-term overhead resistance levels at $3.50 to its 50-day moving average at $3.83 with high volume.

Traders should now look for long-biased trades in CBMX as long as it’s trending above some key near-term support levels at $2.97 to $2.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 639,057 shares. If that breakout triggers soon, then CBMX will set up for a potentially explosive move higher that takes the stock back toward its 200-day moving average at $5.61. Keep in mind that CMBX will need to clear more resistance at $4.40 to have a chance at its 200-day.

Galena Biopharma

Galena Biopharma (GALE) is a biotechnology company focused on discovering, developing and commercializing innovative therapies addressing major unmet medical needs using targeted biotherapeutics. This stock is trading up 2.4% to $2.13 in recent trading.

Today’s Range: $2.09-$2.16

52-Week Range: $1.04-$2.45

Volume: 1.83 million

Three-Month Average Volume: 1.67 million

From a technical perspective, GALE is bouncing higher here right above its 50-day moving average of $1.88 with above-average volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $1.48 to its recent high of $2.18. During that move, shares of GALE have been making mostly higher lows and higher highs, which is bullish technical price action. That move is now quickly pushing GALE within range of triggering a near-term breakout trade. That trade will hit if GALE manages to clear some near-term overhead resistance levels at $2.07 to $2.18 with high volume.

Traders should now look for long-biased trades in GALE as long as it’s trending above its 50-day at $1.88 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 GALE will set up to re-test or possibly take out its next major overhead resistance levels at $2.35 to $2.50. Any high-volume move above $2.50 will then put $3 to $3.54 into range for shares of GALE.

Imris

Imris (IMRS) develops, assembles and installs Visius Surgical Theatres that are used for a variety of medical applications, as well as provides ancillary products and services and extended maintenance services. This stock is trading up 3.9% to $3.46 in recent trading.

Today’s Range: $3.34-$3.50

52-Week Range: $2.88-$4.75

Volume: 53,000

Three-Month Average Volume: 63,992

From a technical perspective, IMRS is bouncing higher here right off some near-term support at $3.23 with decent volume. This move is quickly pushing shares of IMRS within range of triggering a near-term breakout trade. That trade will hit if IMRS manages to take out some near-term overhead resistance levels at $3.56 and then once it clears both its 50-day at $3.78 and its 200-day at $3.80 with high volume.

Traders should now look for long-biased trades in IMRS as long as it’s trending above some key near-term support at $3.23, and then once it sustains a move or close above those breakout levels with volume that hits near or above 63,992 shares. If that breakout triggers soon, then IMRS will set up to re-test or possibly take out its next major overhead resistance levels at $4.30 to $4.50. Any high-volume move above those levels will then put $4.75 to $4.94 into range for shares of IMRS.

Halcon Resources

Halcon Resources (HK) is an oil and natural gas company engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties. This stock is trading up 4.2% to $7.57 in recent trading.

Today’s Range: $7.23-$7.74

52-Week Range: $5.26-$11.24

Volume: 4.65 million

Three-Month Average Volume: 3.64 million

From a technical perspective, HK is ripping higher here back above both its 50-day moving average at $7.39 and its 200-day moving average at $7.54 with heavy upside volume. This move has also pushed shares of HK into breakout territory, since the stock has taken out some near-term overhead resistance levels at $7.42 to $7.55. At last check, HK has hit an intraday high of $7.74 and volume is well above its three-month average action of 3.64 million shares.

Traders should now look for long-biased trades in HK as long as it’s trending above its 50-day at $7.39 or today’s low of $7.23 and then once it sustains a move or close above $7.42 to $7.55 with volume that hits near or above 3.64 million shares. If that breakout triggers soon, then HK will set up to re-test or possibly take out its next major overhead resistance levels at $7.95 to $8.28. Any high-volume move above $8.28 will then put $8.60 to $9 into range for shares of HK.

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.