Stock Quotes in this Article: FRO, GMXR, SCLN, IPHI

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.

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SciClone Pharmaceuticals

SciClone Pharmaceuticals (SCLN) is a global specialty pharmaceutical company with a substantial international business, based mainly in the People's Republic of China, and with a product portfolio of novel therapies for cancer and infectious diseases. This stock is trading up 5.6% to $4.65 in recent trading.

Today’s Range: $4.38-$4.69

52-Week Range: $3.68-$7.58

Volume: 185,000

Three-Month Average Volume: 411,034

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From a technical perspective, SCLN is bouncing higher here right off some near-term support at $4.36 with lighter-than-average volume. This move is quickly pushing shares of SCLN within range of triggering a near-term breakout trade. That trade will hit if SCLN manages to clear its 50-day moving average at $4.78 and then once it takes out more overhead resistance at $5.06 with high volume.

Traders should now look for long-biased trades in SCLN as long as it’s trending above that key near-term support level at $4.36 and then once it sustains a move or close above those breakout levels with volume that hits near or above 411,034 shares. If that breakout triggers soon, then SCLN will set up to re-test or possibly take out its next major overhead resistance levels at $5.39 to its 200-day at $5.40. Any high-volume move above $5.40 will then put $6 to $6.29 into range for shares of SCLN.

GMX Resources

GMX Resources (GMXR) is an oil and gas company engaged in the acquisition, exploration, production and development of properties for the production of natural gas and crude oil in Texas, Louisiana and New Mexico. This stock is trading up 10% to $2.16 in recent trading.

Today’s Range: $2.00-$2.24

52-Week Range: $1.80-$26.00

Volume: 329,000

Three-Month Average Volume: 112,860

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From a technical perspective, GMXR is bouncing sharply higher here right above some near-term support at $1.80 with above-average volume. This stock has been downtrending badly for the last month, with shares plunging from its high of $7.50 to its recent low of $1.80. During that move, shares of GMXR have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of GMXR have now entered extremely oversold territory, since its current relative strength index reading is 18.33. Oversold can always get more oversold, but it’s also a level where a stock can experience a huge bounce higher from.

Traders should now look for long-biased trades in GMXR as long as it’s trending above today’s low of $1.96 or that $1.80 low, and then once it sustains a move or close above some near-term overhead resistance at $2.50 with volume that hits near or above 112,860 shares. If that breakout triggers soon, then GMXR will set up to re-test or possibly take out its next major overhead resistance levels at $3.05 to $3.50. Any high-volume move above $3.50 will then put $4.50 to $5 into range for shares of GMXR.

Inphi

Inphi (IPHI), a provider of high-speed analog semiconductor solutions for the communications and computing markets, is trading up 5.7% to $9.72 in recent trading.

Today’s Range: $9.29-$10.07

52-Week Range: $7.45-$15.00

Volume: 642,000

Three-Month Average Volume: 247,224

From a technical perspective, IPHI is ripping higher here right off its 50-day moving average at $9.13 and back above its 200-day moving average at $9.43 with heavy upside volume. This move is quickly pushing shares of IPHI within range of triggering a near-term breakout trade. That trade will hit if IPHI manages to take out some near-term overhead resistance at $10.19 with high volume.

Traders should now look for long-biased trades in IPHI as long as it’s trending above its 50-day at $9.13 and then once it sustains a move or close above $10.19 with volume that hits near or above 247,224 shares. If that breakout triggers soon, then IPHI will set up to re-test or possibly take out its next major overhead resistance levels at $10.93 to $12.25. Any high-volume move above $12.25 will then give IPHI a chance to re-fill some of its gap down zone from last April that started near $14.

Frontline

Frontline (FRO), which is engaged mainly in the ownership and operation of oil tankers and oil/bulk/ore carriers, is trading up 4.7% to $2.15 in recent trading.

Today’s Range: $2.08-$2.19

52-Week Range: $2.04-$9.47

Volume: 715,000

Three-Month Average Volume: 740,236

From a technical perspective, FRO is bouncing higher here right above some near-term support at $2.04 with decent upside volume. This stock has been slammed by the bears during the last month, with shares dropping from its high of $3.57 to its recent low of $2.04. During that downtrend, shares of FRO have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of FRO have now entered extremely oversold territory, since its current relative strength index reading is 19.71. Oversold can always get more oversold, but it’s also an area where a stock can experience a powerful bounce higher from.

Traders should now look for long-biased trades in FRO as long as it’s trending above that key near-term low $2.04 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 740,236 shares as bullish. If FRO can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $2.40 to just above $2.70.

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.