Stock Quotes in this Article: MYRX, RFMD, RSH, XRS

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.

 

RF Micro Devices

RF Micro Devices (RFMD) designs and manufactures of high-performance radio frequency components and compound semiconductors technologies. This stock is trading up 4.4% to $3.97 in recent trading.

Today’s Range: $3.71-$3.99

52-Week Range: $3.45-$7.89

Volume: 4.3 million

Three-Month Average Volume: 4.7 million

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From a technical perspective, RFMD is trending to the upside here and moving back above its 50-day moving average at $3.88 with decent volume. This move is quickly pushing RFMD within range of triggering a near-term breakout trade. That trade will hit once RFMD manages to take out some near-term overhead resistance at $4 with high volume.

Traders should now look for long-biased trades in RFMD as long as its trending above its 50-day, and then once it sustains a move or close above $4 with volume that hits near or above 4.7 million shares. If that breakout triggers soon, then look for RFMD to re-test or possibly take out its next major overhead resistance levels at $4.39 to $4.56. Any high-volume move above those levels will then put $5 into focus for RFMD.

RadioShack

RadioShack (RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. This stock is trading up 3.1% to $2.46 in recent trading.

Today’s Range: $2.02-$2.71

52-Week Range: $2.01-$13.75

Volume: 6.8 million

Three-Month Average Volume: 3.8 million

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From a technical perspective, RSH is bouncing here off some near-term support at $2 with monster upside volume. This move has briefly pushed RSH back above its 50-day moving average of $2.56, and above some near-term overhead resistance at $2.40. At last check, RSH has hit an intraday high of $2.71 and volume is well above its three-month average action of 3.8 million shares.

Traders should now look for long-biased trades in RSH as long as it’s trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 3.8 million shares as bullish. If RSH can sustain that trend, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $3.10 to $3.18. Any high-volume move above those levels will put $3.70 to $4 into focus for RSH.

TAL Education Group

TAL Education Group (XRS) is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China. This stock is trading up 4.8 % to $9.02 in recent trading.

Today’s Range: $8.60-$9.20

52-Week Range: $6.97-$12.00

Volume: 562,000

Three-Month Average Volume: 68,346

From a technical perspective, XRS is bouncing higher here right around its 50-day moving average of $8.35 with monster upside volume. This move has briefly pushed XRS into breakout territory, since the stock has challenged some near-term overhead resistance levels at $9.10 to $9.16.

Traders should now look for long-biased trades in XRS as long as it’s trending above those breakout levels with strong upside volume flows. I would consider any upside volume day that registers near or above 68,346 shares as bullish. If XRS can sustain that trend, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $9.98 to $10.31. Any high-volume move above $10.31 will then put $11.37 to $11.98 into focus for XRS.

Myrexis

Myrexis (MYRX) is a biopharmaceutical company with a pipeline of differentiated product candidates in oncology and autoimmune diseases. This stock is trading up 2.9% to $2.48 in recent trading.

Today’s Range: $2.37-$2.48

52-Week Range: $2.26-$3.32

Volume: 17,900

Three-Month Average Volume: 40,935

From a technical perspective, MYRX is bouncing higher here off some near-term support at $2.35 with light volume. This move is quickly pushing MYRX within range of triggering a near-term breakout trade. That trade will hit once MYRX manages to take out its 50-day at $2.48, and then some near-term overhead resistance at $2.50 with high volume.

Traders should now look for long-biased trades in MYRX once it sustains a move or close above those levels with volume that hits near or above 40,935 shares. If that breakout triggers soon, then MYRX will setup to re-test or possibly take out its next major overhead resistance levels at $2.65 to $2.74. Any high-volume move above those levels will then setup MYRX to trend north of $3 in the near future.

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.


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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 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.