Stock Quotes in this Article: CETV, KWK, NIHD, OTT

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 were making large moves to the upside on Thursday.

NII Holdings

NII Holdings (NIHD) provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru and Chile. This stock closed up 7.6% to $8.01 in recent trading.

Thursday's Range: $7.45-$8.58

52-Week Range: $5.65-$31.75

Volume: 7.2 million

Three-Month Average Volume: 6.3 million

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From a technical perspective, NIHD ripped to the upside right off some near-term support at $7.16 with above-average volume. This move briefly pushed NIHD into breakout territory, since it was trending above some near-term overhead resistance levels at $8.15 to $8.45.

Traders should now look for long-biased trades once NIHD triggers its next major breakout trade. That trade will hit once it manages to clear some more overhead resistance at $8.76 with high volume. Look for long-biased trades in NIHD as long as it’s trending above $7.45, and then once it sustains a move or close above $8.45 to $8.76 with volume that hits near or above 6,255,940 shares. If that breakout triggers soon, then look for NIHD to re-test or possibly take out its next major overhead resistance levels at $10.70 to $12.

Central European Media Enterprises

Central European Media Enterprises (CETV) is a media and entertainment company operating broadcast, content and new media businesses in Central and Eastern Europe. This stock closed up 4.6% to $6.93 in recent trading.

Thursday's Range: $6.64-$6.98

52-Week Range: $4.63-$12.34

Volume: 189,000

Three-Month Average Volume: 251,342

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From a technical perspective, CETV bounced strong right off its 200-day moving average at $6.57 with light volume. This move came after a number of trading sessions that saw the stock trend right around its 200-day. This move is quickly pushing CETV within range of a major breakout trade.

Traders should now look for long-biased trades in CETV as long as it’s trending above $6.57, and then once it sustains a move or close above some overhead resistance at $7.92 with high volume. Look for volume on that move that hits near or above its three-month average action of 251,342 shares. If that breakout triggers soon, then look for CETV to potentially tag its next significant overhead resistance level at $10.10.

Otelco

Otelco (OTT) provides a range of telecommunications services on a retail and wholesale basis. This stock closed up 8.6% to $2.02 in recent trading.

Thursday's Range: $1.86-$2.08

52-Week Range: $1.52-$16.73

Volume: 178,000

Three-Month Average Volume: 199,181

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From a technical perspective, OTT ripped to the upside here right off some near-term support at $1.75 with decent volume. This stock was hammered by the sellers during the month of August, with shares plunging from $7.43 to its recent low of $1.52. Since tagging that low, shares of OTT have started to trend range bound for the last month, with the stock moving between $2.14 on the upside and $1.52 on the downside. Shares of OTT have also started to form a pattern of higher lows since hitting $1.52.

Traders should now look for long-biased trades in OTT once it manages to break out above some near-term overhead resistance at $2.14 with high volume. Look for a sustained move or close above $2.14 with volume that hits near or above its three-month average action of 199,181 shares. If that breakout triggers soon, then this stock could explode to the upside and re-test or take out its 50-day at $2.96.

Quicksilver Resources

Quicksilver Resources (KWK) is an independent oil and gas company engaged primarily in the acquisition, exploration, development and production of onshore oil and gas in North America. This stock closed up 4.3% to $4.33 in recent trading.

Thursday's Range: $4.14-$4.35

52-Week Range: $2.93-$8.87

Volume: 2.2 million

Three-Month Average Volume: 3.3 million

From a technical perspective, KWK bounced higher right off its 50-day moving average of $4.12 with light volume. This move is following a recent bounce from $3.28, and some recent coiling of the share price right around its 50-day. Traders should now look to play the next major breakout trade for KWK. That trade will hit once it manages to clear some near-term overhead resistance levels at $4.39 to $4.49, and then $4.81 to $5 with high volume.

Traders should now look for long-biased trades in KWK 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 hits near or above 3,291,360 shares. If that breakout triggers soon, then look for KWK to re-test or possibly take out its next major overhead resistance levels at $5.97 to $6.25, or possibly even $7.

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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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 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.