Stock Quotes in this Article: ELX, FHCO, SOL, HSOL

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.

Read More: Warren Buffett's Top 10 Dividend Stocks





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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Emulex

Emulex (ELX) provides network connectivity, monitoring, and management products for networks that support enterprise, cloud, government, and telecommunications worldwide. This stock closed up 2.5% to $5.63 in Thursday's trading session.

Thursday's Range: $5.43-$5.66

52-Week Range: $4.51-$5.66

Thursday's Volume: 1.68 million

Three-Month Average Volume: 1.40 million

From a technical perspective, ELX trended higher here right off its 50-day moving average of $5.48 with above-average volume. This move to the upside on Thursday sent shares of ELX into its previous gap-down-day zone from earlier this month that started at around $5.88. Shares of ELX are now quickly moving within range of triggering a major breakout trade. That trade will hit if ELX manages to take out Thursday's intraday high of $5.66 and then once it clears some key near-term overhead resistance levels at $5.88 to $6.09 with high volume.

Traders should now look for long-biased trades in ELX as long as it's trending above Thursday's intraday low of $5.43 or above more near-term support at $5.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.40 million shares. If that breakout triggers soon, then ELX will set up to re-fill some of its previous gap-down-day zone from April that started near $7.25.

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ReneSola

ReneSola (SOL), through its subsidiaries, manufactures and sells various solar power products. It operates through two segments, Wafer, and Cell and Module. This stock closed up 4% to $2.56 a share in Thursday's trading session.

Thursday's Range: $2.47-$2.58

52-Week Range: $2.18-$6.00

Thursday's Volume: 1.53 million

Three-Month Average Volume: 1.85 million

From a technical perspective, SOL trended sharply higher here with decent upside volume. This strong trend to the upside on Thursday is quickly pushing shares of SOL within range of triggering a major breakout trade. That trade will hit if SOL manages to take out its 50-day moving average of $2.61 to some more key overhead resistance levels at $2.70 to $2.79 with high volume.

Traders should now look for long-biased trades in SOL as long as it's trending above some key near-term support levels at $2.40 or at $2.29 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.85 million shares. If that breakout kicks off soon, then SOL will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.22, or even its 50-day moving average of $3.35.

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Female Health Company

Female Health Company (FHCO) manufactures, markets, and distributes consumer health care products. This stock closed up 4.5% to $3.95 a share in Thursday's trading session.

Thursday's Range: $3.70-$3.96

52-Week Range: $3.70-$10.13

Thursday's Volume: 1.11 million

Three-Month Average Volume: 113,465

From a technical perspective, FHCO ripped sharply higher here off its 52-week low of $3.70 with monster upside volume flows. This strong spike to the upside on Thursday is quickly pushing shares of FHCO within range of triggering a big breakout trade. That trade will hit if FHCO manages to take out some key near-term overhead resistance levels at $4.20 to $4.25 and then $4.32 with high volume.

Traders should now look for long-biased trades in FHCO as long as it's trending above its 52-week low of $3.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 113,465 shares. If that breakout hits soon, then FHCO will set up to re-test or possibly take out its next major overhead resistance levels at $4.75 to its 50-day moving average of $5.07.

Read More: 3 Stocks Spiking on Unusual Volume

Hanwha SolarOne

Hanwha SolarOne (HSOL) an investment holding company, manufactures and sells silicon ingots and wafers, photovoltaic cells, and PV modules. This stock closed up 7.4% to $1.88 a share in Thursday's trading session.

Thursday's Range: $1.76-$1.90

52-Week Range: $1.75-$5.70

Thursday's Volume: 1.03 million

Three-Month Average Volume: 670,042

From a technical perspective, HSOL spiked sharply higher here right above its 52-week low at $1.75 with strong upside volume flows. This stock has been downtrending badly for the last month, with shares moving lower from its high of $2.84 to its recent low of $1.75. During that that move, shares of HSOL have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of HSOL now look ready to change that trend in the near-term and potentially trade higher. Market players should now look for a continuation move to the upside in the short-term if HSOL manages to take out Thursday's intraday high of $1.90 to some more near-term overhead resistance near $2 with high volume.

Traders should now look for long-biased trades in HSOL as long as it's trending above its 52-week low of $1.75 and then once it sustains a move or close above $1.90 to $2 with volume that hits near or above 670,042 shares. If that move starts soon, then HSOL will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to its 50-day moving average of $2.38.

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.