Stock Quotes in this Article: ARO, DRL, ONVO, HIVE

DELAFIELD, Wis. (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.

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Doral Financial

Doral Financial (DRL), operates as the bank holding company for Doral Bank that provides retail banking services to general public and institutions. This stock closed up 4.2% to $4.96 in Tuesday's trading session.

Tuesday's Range: $4.64-$5.02

52-Week Range: $1.87-$24.74

Tuesday's Volume: 370,000

Three-Month Average Volume: 1.49 million

From a technical perspective, DRL bounced sharply higher here right off its 50-day moving average of $4.73 and right above some key near-term support at $4.53 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $4.61 to $4.53. Following that bottom, shares of DRL have now started to spike higher and move back above its 50-day moving average. Market players should now look for a continuation move to the upside in the short-term if DRL manages to take out Tuesday's intraday high of $5.02 to around $5.50 with high volume.

Traders should now look for long-biased trades in DRL as long as it's trending above some key near-term support at $4.53 and then once it sustains a move or close above $5.02 to $5.50 with volume that hits near or above 1.49 million shares. If that move gets set off soon, then DRL will set up to re-test or possibly take out its next major overhead resistance levels at around $6.20 to $7.10.

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Aerohive Networks

Aerohive Networks (HIVE), together with its subsidiaries, designs and develops cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. This stock closed up 2.7% to $8.52 in Tuesday's trading session.

Tuesday's Range: $8.18-$8.54

52-Week Range: $7.43-$12.23

Tuesday's Volume: 121,000

Three-Month Average Volume: 166,578

From a technical perspective, HIVE trended notably higher here with decent upside volume flows. This stock has been uptrending over the last month, with shares moving higher from its low of $7.43 to its recent high of $8.63. During that move, shares of HIVE have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of HIVE within range of triggering a big breakout trade. That trade will hit if HIVE manages to take out some key near-term overhead resistance levels at $8.63 to its 50-day moving average of $8.74 with high volume.

Traders should now look for long-biased trades in HIVE as long as it's trending above some key near-term support at $8 and then once it sustains a move or close above those breakout levels with volume that hits near or above 166,578 shares. If that breakout kicks off soon, then HIVE will set up to re-test or possibly take out its next major overhead resistance levels at $9.22 to $10, or even $10.30.

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Aeropostale

Aeropostale (ARO), together with its subsidiaries, operates as a mall-based specialty retailer of casual apparel and accessories. This stock closed up 4% to $3.35 in Tuesday's trading session.

Tuesday's Range: $3.17-$3.38

52-Week Range: $3.10-$14.99

Tuesday's Volume: 1.89 million

Three-Month Average Volume: 2.90 million

From a technical perspective, ARO ripped higher here right above some near-term support at $3.14 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $3.10 to $3.14. Following that bottom, shares of ARO have started to spike higher and move within range of triggering a major breakout trade. That trade will hit if ARO manages to take out some key near-term overhead resistance levels at $3.42 to $3.60 with high volume.

Traders should now look for long-biased trades in ARO as long as it's trending above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.90 million shares. If that breakout begins soon, then ARO will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.06. Any high-volume move above $4.06 will then give ARO a chance to re-fill some of its previous gap-down-day zone from May that started near $4.50.

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Organovo

Organovo (ONVO), a development-stage company, focuses on developing and commercializing functional human tissues that could be employed in drug discovery and development, in biological research and as therapeutic implants for the treatment of damaged or degenerating tissues and organs. This stock closed up 7.7% to $7.77 in Tuesday's trading session.

Tuesday's Range: $7.12-$7.78

52-Week Range: $4.70-$13.65

Tuesday's Volume: 1.37 million

Three-Month Average Volume: 1.37 million

From a technical perspective, ONVO ripped sharply higher here right above some near-term support at $7.10 and back above its 50-day moving average of $7.61 with decent upside volume. Market players should now look for a continuation move to the upside in the near-term if ONVO manages to take out Tuesday's intraday high of $7.78 to some more near-term resistance at $8 with high volume.

Traders should now look for long-biased trades in ONVO as long as it's trending above some key near-term support at $7.10 and then once it sustains a move or close above $7.78 to $8 with volume that hits near or above 1.37 million shares. If that move begins soon, then ONVO will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $8.37 to $8.84. Any high-volume move above $8.84 will then give ONVO a chance to tag its next major overhead resistance levels at $9.30 to $9.50, or even $10.

To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


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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.