Stock Quotes in this Article: CHOP, FONR, MTSL, NKTR

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 Ready to Break Out

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.

>>5 Big Stock Charts You Need to See

Nektar Therapeutics

Nektar Therapeutics (NKTR) is a clinical-stage biopharmaceutical company developing a pipeline of drug candidates that utilize its PEGylation and polymer conjugate technology platforms, which are designed to improve the benefits of drugs for patients. This stock is trading up 3.4% to $9.34 in recent trading.

Today’s Range: $8.90-$9.37

52-Week Range: $5.65-$10.98

Volume: 518,000

Three-Month Average Volume: 944,082

Shares of NKTR are moving higher today ahead of its quarterly earnings report, which is due out on Feb. 28 after the market close.

>>4 Biotech Stock Stars Losing Their Luster

From a technical perspective, NKTR is spiking higher here right off some near-term support at $8.88 with decent upside volume. This stock has been trading inside of a consolidation pattern for the last month and change, with shares moving between $8.46 on the downside and $9.58 on the upside. Shares of NKTR are now quickly moving within range of triggering a breakout trade above the upper-end of its consolidation chart pattern. That breakout will hit if NKTR manages to take out some near-term overhead resistance levels at $9.41 to $9.58 with high volume.

Traders should now look for long-biased trades in NKTR as long as it’s trending above some near-term support levels at $8.88 to $8.69 and then once it sustains a move or close above those breakout levels with volume that hits near or above 944,082 shares. If that breakout triggers soon, then NKTR could easily run higher ahead of its earnings report and possible tag $10.50 to $11.

Fonar

Fonar (FONR) is engaged in the research, development, production and marketing of medical scanning equipment. This stock is trading up 6.2% to $5.47 in recent trading.

Today’s Range: $5.12-$5.55

52-Week Range: $1.81-$6.80

Volume: 48,000

Three-Month Average Volume: 49,210

>>5 Health Care Stocks Triggering 'Buys'

From a technical perspective, FONR is spiking higher here right off its 50-day moving average of $5.20 with decent upside volume. This stock recently pulled back from its high of $6.41 to its low at $5.10, but the stock has so far held right around its 50-day off that selloff.

Traders should now look for long-biased trades in FONR as long as it’s trending above its 50-day at $5.20 or its recent support at $5.10 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 49,210 shares as bullish. If FONR can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $6.41 to $6.60 or possibly $6.80. Any move above $6.80 would then push shares of FONR into new 52-week-high territory, which is bullish technical price action.

MER Telemanagement Solutions

MER Telemanagement Solutions (MTSL) provides telecommunications expense management, call accoungint and billing solutions. This stock is trading up 4.4% to $4.59 in recent trading.

Today’s Range: $4.33-$4.75

52-Week Range: $1.22-$5.18

Volume: 65,000

Three-Month Average Volume: 123,967

From a technical perspective, MTSL is ripping higher here right above some near-term support at $4.19 and above its 50-day moving average of $4.01 with lighter-than-average volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $2.40 to its recent high of $5.18. During that move, shares of MTSL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MTSL within range of triggering major breakout trade, which will hit if MTSL manages to take out its 52-week high of $5.18 with high volume.

Traders should now look for long-biased trades in MTSL as long as it’s trending above its 50-day at $4.01, and then once it sustains a move or close above $5.18 with volume that hits near or above 123,967 shares. If that breakout triggers soon, then MTSL will enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6 to $7.

China Gerui Advanced Materials Group

China Gerui Advanced Materials Group (CHOP) is a China-based, non state-owned contract manufacturer of high precision cold-rolled narrow strip steel products China. This stock is trading up 6.5% to $2.95 in recent trading.

Today’s Range: $2.64-$3.02

52-Week Range: $1.06-$4.08

Volume: 112,000

Three-Month Average Volume: 120,518

From a technical perspective, CHOP is ripping higher here right off some near-term support at $2.60 with decent upside volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $1.06 to its recent high of $3.04. During that move, shares of CHOP have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CHOP within range of triggering a major breakout trade. That trade will hit if CHOP manages to take out some near-term overhead resistance at $3.04 with high volume.

Traders should now look for long-biased trades in CHOP as long as it’s trending above $2.60 to $2.40, and then once it sustains a move or close above $3.04 with volume that hits near or above 120,518 shares. If that breakout hits soon, then CHOP will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.24 Any high-volume move above those levels will then put $4.40 to $5 into range for shares of CHOP.

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.


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 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.