Stock Quotes in this Article: EGY, HOV, RDN, RIC

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.

Hovnanian Enterprises

Hovnanian Enterprises (HOV) designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments.This stock is trading up 9.3% to $4.14 in recent trading.

Today’s Range: $3.84-$4.19

52-Week Range: $1.20-$4.03

Volume: 10.1 million

Three-Month Average Volume: 5.1 million

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From a technical perspective, HOV is ripping higher here with monster volume. This move has started to push HOV into breakout territory, since its trending above some near-term overhead resistance levels at $3.96 to $4.03.

Traders should now look for long-biased trades in HOV as long as its trending above today’s low of $3.84 with strong upside volume flows. I would consider any upside volume day that registers near or above 5.1 million shares as bullish. If HOV can maintain that trend, and especially its trend above those breakout levels, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $5 to $6.

Radian Group

Radian Group (RDN), through its subsidiaries and affiliates, provides credit-related insurance coverage and financial services to mortgage lenders and other financial institutions. This stock is trading up 6.9% to $5.04 in recent trading.

Today’s Range: $4.71-$5.09

52-Week Range: $1.91-$4.96

Volume: 4.2 million

Three-Month Average Volume: 3.8 million

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From a technical perspective, RDN is trending up here with above-average volume. This move has started to push RDN into breakout territory, since the stock has taken out some near-term overhead resistance levels at $4.84 to $4.96.

Traders should now look for long-biased trades in RDN as long as its trending above today’s low of $4.70 with strong upside volume flows. I would consider any upside volume day that hits near or above 3.8 million shares as bullish. If RDN can sustain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $6 to $7.

Vaalco Energy

Vaalco Energy (EGY) is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. This stock is trading up 5.8% to $8.72 in recent trading.

Today’s Range: $8.25-$8.78

52-Week Range: $5.13-$10.32

Volume: 133,000

Three-Month Average Volume: 450,465

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From a technical perspective, EGY is rocketing higher here right off its 50-day moving average of $8.22 with light volume. This move is quickly pushing EGY within range of triggering a near-term breakout trade. That trade will hit once EGY manages to take out some near-term overhead resistance at $8.75 with high volume. At last check, EGY has hit an intraday high of $8.78 and volume is well below its three-month average action of 450,465 shares.

Traders should now look for long-biased trades in EGY as long as it’s trending above $8.22 to $8.75 with strong upside volume flows. I would consider any upside volume day that registers near or above 450,465 shares as bullish. If EGY can manage to sustain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $9.60 to $9.65, and then its 52-week high of $10.32. Keep in mind that any move above $10.32 will push EGY into new 52-week-high territory, which is bullish price action. Some possible targets above that level are north of $11.

Richmont Mines

Richmont Mines (RIC) engages in the acquisition, exploration, development and operation of mineral properties, principally gold in Canada. This stock is trading up 3.2% to $4.19 in recent trading.

Today’s Range: $3.99-$4.24

52-Week Range: $3.23-$13.19

Volume: 131,000

Three-Month Average Volume: 244,268

From a technical perspective, RIC is bouncing higher here off some near-term support at $4 with light volume. This move is coming after RIC recently dropped from $5.50 to a low of $3.89 during the last month or so.

Traders should now look for long-biased trades in RIC once it manages to take out its 50-day at $4.30, and then some more overhead resistance at $4.54 with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 244,268 shares. If that breakout triggers soon, then RIC will have a great chance to re-test or possibly take out its next major overhead resistance levels at $5 to $5.50. Any move above $5.50 will then put $6 to $6.50 into focus.

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.