Stock Quotes in this Article: FLOW, LEAP, PAL, DRD

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.

 

Drdgold

Drdgold (DRD), a South African gold mining company, is engaged in underground and surface gold mining, including exploration, extraction, processing and smelting. This stock is trading up 6.1% to $6.52 in recent trading.

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Today’s Range: $6.15-$6.55

52-Week Range: $4.90-$8.16

Volume: 55,000

Three-Month Average Volume: 34,025

From a technical perspective, DRD is bouncing sharply higher here right off its 50-day moving average of $6.10 with above-average volume. This move has also pushed DRD back above its 200-day moving average of $6.48, and its moving it within range of a near-term breakout trade. That trade will hit once DRD takes out some near-term overhead resistance levels at $6.58 to $7.08 with high volume.

Traders should now look for long-biased trades in DRD as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 34,025 shares. If that breakout triggers soon, then DRD will setup to re-test or possibly take out its next significant overhead resistance levels at $7.50 to $8.16.

North American Palladium

North American Palladium (PAL) engages in the exploration, mining and production of precious metal properties in Canada. The company explores for palladium, platinum, gold, nickel, copper and other metals. This stock is trading up 4.3% to $1.89 in recent trading.

Today’s Range: $1.81-$1.90

52-Week Range: $1.47-$3.61

Volume: 734,000

Three-Month Average Volume: 1.3 million

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From a technical perspective, PAL is bouncing solidly here right off its 50-day moving average of $1.80 with lighter volume. This move is coming after PAL recently pulled back from $2.28, and its marking another higher low if $1.80 holds.

Traders should now look for long-biased trades as long as PAL is trending above its 50-day at $1.80 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,349,100 shares as bullish. If PAL can hold that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $2.28 to $2.50.

Flow International

Flow International (FLOW) is a global technology-based company providing waterjet cutting, surface preparation and cleaning solutions. This stock is trading up 5.5% at $3.80 in recent trading.

Today’s Range: $3.63-$3.88

52-Week Range: $1.90-$4.49

Volume: 426,000

Three-Month Average Volume: 206,914

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From a technical perspective, FLOW is pushing higher here with above-average volume, and it’s starting to break out above some near-term overhead resistance at $3.75.

Traders should now look for long-biased trades in FLOW as long as it’s trending above its 200-day at $3.55 with strong upside volume flows, and especially if it’s trending above $3.75. I would consider any upside volume day that registers near or above its three-month average action of 206,914 as bullish. If FLOW can maintain that trend, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $4.25 to $4.49. Any future move above its 52-week high at $4.49 would setup FLOW to take out $4.72.

Leap Wireless International

Leap Wireless International (LEAP) is a wireless communications carrier that offers digital wireless services in the U.S. under the Cricket brand. This stock is trading up 2.6% at $6.89 in recent trading.

Today’s Range: $6.69-$7.12

52-Week Range: $4.28-$11.30

Volume: 719,000

Three-Month Average Volume: 2.1 million

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From a technical perspective, LEAP is pushing higher here with lighter volume. This move is quickly pushing LEAP within range of triggering a near-term breakout trade. That trade will hit once LEAP manages to take out some near-term overhead resistance levels at $6.92 to its 200-day moving average of $7.32 with high volume.

Traders should now look for long-biased trades in LEAP as long as it’s trending above $6.50, and then once it sustains a move or close above those breakout levels with volume that’s near or above 2,085,050 shares. If that breakout triggers soon, then LEAP will setup to re-test or possibly take out its next major overhead resistance levels at $8.50 to $8.75.

To see more stocks under-$10 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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As of the time of publication, the author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.