Stock Quotes in this Article: OXF, SMED, MPO, GALT

DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

>>5 Stocks Set to Soar on Bullish Earnings

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.

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.

>>5 Breakout Trades for a Santa Claus Rally

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.

Sharps Compliance

Sharps Compliance (SMED) provides various products and solutions for the management of medical waste, used health care materials and unused dispensed medications. This stock closed up 6.2% to $4.92 in Tuesday's trading session.

Tuesday's Range: $4.61-$4.97

52-Week Range: $2.01-$5.24

Tuesday's Volume: 54,000

Three-Month Average Volume: 66,781

>>3 Stocks Triggering Breakout Trades on Big Volume

From a technical perspective, SMED spiked sharply higher here right above some near-term support at $4.51 with lighter-than-average volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $2.49 to its recent high of $5.24. During that move, shares of SMED have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SMED within range of triggering a near-term breakout trade. That trade will hit if SMED manages to take out Tuesday's high of $4.97 to its 52-week high at $5.24 with high volume.

Traders should now look for long-biased trades in SMED as long as it's trending above some key near-term support levels at $4.51 or at $4.29 and then once it sustains a move or close above those breakout levels with volume that hits near or above 66,781 shares. If that breakout hits soon, then SMED will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $7 to $8.

Midstates Petroleum

Midstates Petroleum (MPO) is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil-prone resources. This stock closed up 2.3% to $5.99 in Tuesday's trading session.

Tuesday's Range: $5.74-$6.02

52-Week Range: $4.26-$8.95

Tuesday's Volume: 689,000

Three-Month Average Volume: 935,842

>>5 Stocks Poised for Breakouts

From a technical perspective, MPO spiked higher here right above its 50-day moving average of $5.66 with lighter-than-average volume. This move is quickly pushing shares of MPO within range of triggering a near-term breakout trade. That trade will hit if MPO manages to take out its 200-day moving average of $6.06 to some more near-term overhead resistance at $6.09 with high volume.

Traders should now look for long-biased trades in MPO as long as it's trending above its 50-day at $5.66 or above more support at $5.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 935,842 shares. If that breakout triggers soon, then MPO will set up to re-test or possibly take out its next major overhead resistance levels at $6.62 to $6.70, or even $7.04 to $7.33.

Oxford Resource Partners

Oxford Resource Partners (OXF) is a low-cost producer of high-value steam coal and produces surface mined coal in Ohio. Its reserves and operations are located in Northern Appalachia and the Illinois Basin. This stock closed up 7% to $1.22 in Tuesday's trading session.

Tuesday's Range: $1.15-$1.29

52-Week Range: $1.10-$6.11

Thursday's Volume: 182,000

Three-Month Average Volume: 62,770

>>5 Stocks Under $10 Set to Soar

From a technical perspective, OXF spiked sharply higher here right above its 52-week low of $1.10 with above-average volume. This stock has been downtrending badly for the last four months, with shares dropping from its high of $2.86 to its low of $1.10. During that downtrend, shares of OXF have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of OXF could now be ready for sharp rebound higher as seen by the high-volume spike on Tuesday. This stock could be setting up for a large oversold bounce from current levels.

Traders should now look for long-biased trades in OXF as long as it's trending above Tuesday's low of $1.15 or above its 52-week low of $1.10 and then once it sustains a move or close above Tuesday's high of $1.29 with volume that hits near or above 62,770 shares. If we get that move soon, then OXF will set up to re-test or possibly take out its next major overhead resistance levels at $1.45 to its 50-day moving average of $1.58. Any high-volume move above $1.58 will then give OXF a chance to tag $1.85 to $2.

Galectin Therapeutics

Galectin Therapeutics (GALT) engages in drug research and development to create new therapies for fibrotic disease and cancer. This stock closed up 13.2% to $8.99 in Tuesday's trading session.

Tuesday's Range: $8.34-$9.40

52-Week Range: $1.79-$13.21

Thursday's Volume: 575,000

Three-Month Average Volume: 290,875

>>5 Rocket Stocks to Buy in December

From a technical perspective, GALT skyrocketed higher here right above some near-term support at $7.56 with above-average volume. This stock has been uptrending strong for the last few weeks, with shares soaring higher from its low of $5.35 to its intraday high of $9.42. During that uptrend, shares of GALT have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GALT within range of triggering a near-term breakout trade. That trade will hit if GALT manages to take out its 50-day moving average of $9.62 to $10 with high volume.

Traders should now look for long-biased trades in GALT as long as it's trending above Tuesday's low of $8.34 or above $8 and then once it sustains a move or close above those breakout levels with volume that hits near or above 290,875 shares. If that breakout hits soon, then GALT will set up to re-test or possibly take out its next major overhead resistance levels at $11 to $12. Any high-volume move above those levels will then give GALT a chance to tag its next major overhead resistance levels at $12.75 to its 52-week high at $13.21.

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 Delafield, Wis.


RELATED LINKS:







Follow Stockpickr on Twitter and become a fan on Facebook.

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

Roberto Pedone, based out of Delafield, Wis., 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.