Stock Quotes in this Article: DRYS, LSCC, RIC, VELT

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.

>>5 Stocks Poised to Pop on Bullish Earnings

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.

Lattice Semiconductor

Lattice Semiconductor (LSCC) designs, develops and markets programmable logic products and related software. This stock is trading up 4.9% to $4.12 in recent trading.

Today’s Range: $3.17-$4.16

52-Week Range: $3.17-$7.18

Volume: 1.3 million

Three-Month Average Volume: 1.4 million

>>3 Tech Stocks Hedge Funds Are Buying

From a technical perspective, LSCC is bouncing higher here right near its 50-day moving average of $3.78 with decent volume. This move is quickly pushing LSCC within range of triggering a major breakout trade. That trade will hit once LSCC takes out some near-term overhead resistance levels at $4.03 to $4.12 with high volume. At last check, LSCC has hit an intraday high of $4.17 and volume is close to eclipsing its three-month average action of 1.4 million shares.

Traders should now look for long-biased trades in LSCC as long as it’s trending above its 50-day, and if it can sustain a move or close above those breakout levels with strong volume. I would consider any upside volume day that registers near or above 1.4 million shares as bullish. If LSCC can trigger that breakout, then it will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $4.80 to $5.16.

Richmont Mines

Richmont Mines (RIC) is engaged in the production of gold from its Beaufor Mine and Island Gold Mine, two of its three material properties. This stock is trading up 4.3% at $4.58 in recent trading.

Today’s Range: $4.47-$4.64

52-Week Range: $3.23-$13.40

Volume: 131,000

Three-Month Average Volume: 198,278

>>5 Stocks Under $10 Poised for Breakouts

From a technical perspective, RIC is moving notably higher here with decent volume. This move is quickly pushing RIC within range of triggering a major breakout trade. That trade will hit once RIC takes out some overhead resistance levels at $4.79 to $4.81 with high volume.

Traders should now look for long-biased trades in RIC once it sustains a move or close above those breakout levels with volume that’s near or above 198,278 shares. If that breakout triggers soon, then RIC has a great chance of trending higher towards $5.50 to $6.50 in the near future.

Velti

Velti (VELT) is a global provider of mobile marketing and advertising technology and solutions. This stock is trading up 3.7% at $7.98 in recent trading.

Today’s Range: $7.71-$8.30

52-Week Range: $4.99-$14.65

Volume: 770,000

Three-Month Average Volume: 923,295

>>4 Tech Stocks Set to Shine

From a technical perspective, VELT is trending higher here with decent volume. This move is quickly pushing VELT within range of triggering a major breakout trade. That trade will hit once VELT clears some near-term overhead resistance levels at $8.04 to $8.61 with high volume.

Traders should now look for long-biased traders in VELT as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 923,295 shares. If that breakout triggers soon, then VELT will have an excellent chance of hitting $11 to $12 in the near future. Keep in mind that any high-volume close above VELT’s 200-day moving average of $8.48 should be considered bullish technical price action.

DryShips

DryShips (DRYS) is a holding company engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units. This stock is trading up 4.2% to $2.52 in recent trading.

Today’s Range: $2.38-$2.56

52-Week Range: $1.75-$3.84

Volume: 5.5 million

Three-Month Average Volume: 3.5 million

>>5 Technical Trades Under $10

From a technical perspective, DRYS is bouncing notably higher here right around its 50-day moving average of $2.27 with above-average volume. This move is quickly pushing DRYS within range of triggering a major breakout trade. That trade will hit once DRYS takes out its 200-day at $2.58, and then once it clears some past overhead resistance at $2.60 with high volume.

Traders should now look for long-biased trades in DRYS as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 3,493,530 shares. If that breakout triggers soon, then DRYS will setup to re-test and possibly take out its next major overhead resistance levels at $3 to $3.40.

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.


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 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.