Stock Quotes in this Article: ERII, TA, TSRX, GALT

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.

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Trius Therapeutics

Trius Therapeutics (TSRX) is a biopharmaceutical company focused on the discovery, development and commercialization of innovative antibiotics for serious, life-threatening infections. This stock is trading up 7.3% to $5.90 in recent trading.

Today’s Range: $5.49-$5.93

52-Week Range: $4.41-$6.49

Volume: 772,000

Three-Month Average Volume: 482,365

From a technical perspective, TSRX is soaring higher here right above its 200-day moving average of $5.38 with heavy upside volume. This move has started to push shares of TSRX into breakout territory, since it’s taken out some near-term overhead resistance at $5.69. Shares of TSRX are now quickly moving within range of triggering another major breakout trade. That trade will hit if TSRX manages to take out its next major overhead resistance levels at $5.90 to $5.93 with high volume.

Traders should now look for long-biased trades in TSRX as long as it’s trending above $5.69 or today’s low of $5.49, and then once it sustains a move or close above those breakout levels with volume that hits near or above 482,365 shares. If that breakout triggers soon, then TSRX will set up to re-test or possibly take out its next major overhead resistance levels at $6.46 to $6.49. If those levels get taken out with volume then $7.44 to $8 will come into range for shares of TSRX.

TravelCenters of America

TravelCenters of America (TA) operates and franchises travel centers mainly along the U.S. interstate highway system. This stock is trading up 3.4% to $7.18 in recent trading.

Today’s Range: $6.83-$7.23

52-Week Range: $4.18-$7.98

Volume: 311,000

Three-Month Average Volume: 291,937

From a technical perspective, TA is bouncing higher here right off some near-term support at $6.71 with above-average volume. This move has started to push shares of TA into breakout territory, since the stock has taken out some near-term overhead resistance at $7.15. Shares of TA are now quickly moving within range of triggering another major breakout trade. That trade will hit if TA manages to clear its next major overhead resistance levels at $7.56 to $7.64 with high volume.

Traders should now look for long-biased trades in TA as long as it’s trending above $7.15 or today’s low of $6.83, and then once it sustains a move or close above those breakout levels with volume that hits near or above 291,937 shares. If that breakout triggers soon, then TA will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $9.

Energy Recovery

Energy Recovery (ERII) is engaged in the design, development, manufacture and sale of energy
recovery devices for sea water reverse osmosis desalination worldwide. This stock is trading up 5.9% to $4.64 in recent trading.

Today’s Range: $4.30-$4.98

52-Week Range: $1.95-$5.13

Volume: 347,000

Three-Month Average Volume: 173,870

From a technical perspective, ERII is ripping higher here right off some near-term support at $4.18 with above-average volume. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $2.40 to its recent high of $5.13. During that move, shares of ERII have been consistently making higher lows and higher highs, which is bullish technical price action. This move has now pushed shares of ERII within range of triggering a near-term breakout trade. That trade will hit if ERII manages to take out some near-term overhead resistance at $5.13 with high volume.

Traders should now look for long-biased trades in ERII as long as it’s trending above today’s low of $4.30 or above that key support level at $4.18, and then once it sustains a move or close above $5.13 with volume that hits near or above 173,870 shares. If that breakout triggers soon, then ERII will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6 to $6.50 in the near future.

Galectin Therapeutics

Galectin Therapeutics (GALT) is engaged in drug development to create new therapies for cancer and fibrotic disease. This stock is trading up 12% to $3.72 in recent trading.

Today’s Range: $3.42-$3.73

52-Week Range: $1.60-$6.00

Volume: 87,000

Three-Month Average Volume: 57,643

From a technical perspective, GALT is soaring higher here right off some near-term support at $3.30 with above-average volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $1.60 to its recent high of $3.98. During that move, shares of GALT have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GALT within range of triggering a near-term breakout trade. That trade will hit if GALT manages to take some near-term overhead resistance at $3.98 with high volume.

Traders should now look for long-biased trades in GALT as long as it’s trending above $3.30, and then once it sustains a move or close above $3.98 with volume that hits near or above 57,643 shares. If that breakout triggers soon, then GALT will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to $5. Any high-volume move above $5 will then put $5.50 to $6 into range for shares of GALT.

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.

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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 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.