Stock Quotes in this Article: CBAK, OWW, MEIP, XGTI

DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

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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.

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.

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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.

Orbitz Worldwide

Orbitz Worldwide (OWW) is an online travel company that uses innovative technology to enable leisure and business travelers to search for and book a range of travel products. This stock closed up 2.1% to $7 in Thursday's trading session.

Thursday's Range: $6.80-$7.11

52-Week Range: $2.26-$13.26

Thursday's Volume: 1.35 million

Three-Month Average Volume: 1.01 million

From a technical perspective, OWW spiked notably higher here with above-average volume. This stock has formed a major bottoming pattern over the last month, with buyers stepping in to support the stock at $6.68, $6.50 and $6.60. Shares of OWW have now started to uptrend off those support levels and flirt with a big breakout trade. That trade will hit if OWW manages to take out some near-term overhead resistance levels at $7 to $7.10 with high volume.

Traders should now look for long-biased trades in OWW as long as it's trending above some near-term support levels at $6.50 or at $6.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.01 million shares. If that breakout triggers soon, then OWW will set up to re-test or possibly take out its next major overhead resistance levels a $7.55 to its 200-day at $8.25. Any high-volume move above $8.25 will then give OWW a chance to re-fill some of its previous gap down zone from November that started at $9.59.

China BAK Battery

China BAK Battery (CBAK) is a manufacturer of rechargeable lithium-based battery cells. This stock closed up 8.9% to $2.19 in Thursday's trading session.

Thursday's Range: $2.01-$2.19

52-Week Range: $0.59-$3.45

Thursday's Volume: 209,000

Three-Month Average Volume: 154,248

From a technical perspective, CBAK ripped sharply higher here right above some near-term support at $2 with above-average volume. This stock has formed a triple bottom chart pattern over the last month and change, with shares finding buying interest at $1.95, $2 and $2. Shares of CBAK now look ready to trigger a near-term breakout trade as the stock bounces off those support levels. That trade will hit if CBAK manages to take out Thursday's high of $2.19 to its 50-day moving average of $2.24 with high volume.

Traders should now look for long-biased trades in CBAK as long as it's trending above $2 or above $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 154,248 shares. If that breakout hits soon, then CBAK will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.80. Any high-volume move above those levels will then give CBAK a chance to tag $3 or even its 52-week high at $3.45.

MEI Pharma

MEI Pharma (MEIP) is a development-stage oncology company engaged in the clinical development of novel small molecules for the treatment of cancer. This stock closed up 3.7% to $8.27 in Thursday's trading session.

Thursday's Range: $8.06-$8.52

52-Week Range: $4.37-$13.20

Thursday's Volume: 119,000

Three-Month Average Volume: 153,008

From a technical perspective, MEIP spiked higher here back above its 200-day moving average of $8.19 with lighter-than-average volume. This move is starting to push shares of MEIP within range of triggering a big breakout trade. That trade will hit if MEIP manages to take out some near-term overhead resistance levels at $8.55 to its 50-day moving average of $8.75 with high volume.

Traders should now look for long-biased trades in MEIP as long as it's trending above some near-term support at $7.72 and then once it sustains a move or close above those breakout levels with volume that hits near or above 153,008 shares. If that breakout triggers soon, then MEIP will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $10.95. Any high-volume move above those levels will then give MEIP a chance to trend north of $11.

xG Technology

xG Technology (XGTI) develops intellectual property designed to enhance wired and wireless communications. This stock closed up 4.2% to $1.70 in Thursday's trading session.

Thursday's Range: $1.62-$1.72

52-Week Range: $0.20-$9.50

Thursday's Volume: 132,000

Three-Month Average Volume: 81,305

From a technical perspective, XGTI spiked sharply higher here right above some near-term support at $1.57 with above-average volume. This move is quickly pushing shares of XGTI within range of triggering a big breakout trade. That trade will hit if XGTI manages to take out some near-term overhead resistance levels at $1.72 to $1.73 with high volume.

Traders should now look for long-biased trades in XGTI as long as it's trending above some key near-term support levels at $1.57 or at $1.53 and then once it sustains a move or close above those breakout levels with volume that hits near or above 81,305 shares. If that breakout triggers soon, then XGTI will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.75.

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 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.