Stock Quotes in this Article: AXTI, DRRX, PLG, RSH

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 that are making large moves to the upside today.

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Platinum Group Metals

Platinum Group Metals (PLG) is exploration and development stage company conducting work on mineral properties it has staked or acquired by way of option agreements in Ontario, Canada and the Republic of South Africa. This stock is trading up 7.5% to $1.42 in recent trading.

Today’s Range: $1.33-$1.42

52-Week Range: $0.75-$1.72

Volume: 600,000

Three-Month Average Volume: 443,494

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From a technical perspective, PLG is ripping higher here right off some near-term support at $1.30 to $1.28 with above-average volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of 80 cents to its recent high of $1.52. During that move, shares of PLG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PLG within range of triggering a major breakout trade. That trade will hit if PLG manages to take out some near-term overhead resistance levels at $1.41 to $1.52 with high volume.

Traders should now look for long-biased trades in PLG as long as it’s trending above $1.30 to $1.28, and then once it sustains a move or close above those breakout levels with volume that hits near or above 443,494 shares. If that breakout hits soon, then PLG will set up to re-test or possibly take out its next major overhead resistance level and its 52-week high at $1.72. Any high-volume move above $1.72 should be considered bullish price action, since it would push PLG into new 52-week-high territory. Some possible targets off any move above $1.72 are $1.85 to $2.20.

AXT

AXT (AXTI), which develops, manufactures and distributes high-performance semiconductor substrates, is trading up 8.2% to $3.03 in recent trading.

Today’s Range: $2.91-$3.10

52-Week Range: $2.60-$6.84

Volume: 190,000

Three-Month Average Volume: 148,674

Shares of AXTI are trending higher today after B. Riley recommended adding to AXT postions following the solid fourth quarter report. The firm has a buy rating on the stock with a $4.60 a share price target.

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From a technical perspective, AXTI is exploding higher here right off its 50-day moving average of $2.91 with above-average volume. This move is quickly pushing shares of AXTI within range of triggering a near-term breakout trade. That trade will hit if ATXI manages to take out some near-term overhead resistance levels at $3.10 to $3.14 with high volume.

Traders should now look for long-biased trades in AXTI as long as it’s trending above its 50-day at $2.91 and then once it sustains a move or close above those breakout levels with volume that hits near or above 148,674 shares. If that breakout triggers soon, then AXTI will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $3.28 or at $3.55 to $3.57. Any high-volume move above $3.57 will then put $4 to $4.14 into range for shares of AXTI.

Durect

Durect (DRRX) is a specialty pharmaceutical company focused on the development of pharmaceutical products based on its proprietary drug delivery technology platforms. This stock is trading up 7.5% to $1.14 in recent trading.

Today’s Range: $1.08-$1.23

52-Week Range: $0.61-$1.71

Volume: 634,000

Three-Month Average Volume: 384,381

Shares of DRRX are trending higher today in front of its earnings report due out on Thursday, Feb. 28, after the market close.

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From a technical perspective, DRRX is bouncing hard to the upside here right above both its 50-day at $1.03 and its 200-day at $1.05 with heavy upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of 75 cents to its recent high of $1.25. During that move, shares of DRRX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of DRRX within range of triggering a near-term breakout trade. That trade will hit if DRRX manages to take out some near-term overhead resistance at $1.25 with high volume.

Traders should now look for long-biased trades in DRRX after earnings as long as it’s trending above its 200-day at $1.05 and then once it sustains a move or close above $1.25 with volume that hits near or above 384,381 shares. If that breakout hits after earnings, then look for DRRX to re-test or possibly take out its next major overhead resistance levels at $1.42 to $1.71. Any move above $1.71 should be considered very bullish, since it will push DRRX into new 52-week high territory.

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 3.4% to $3.16 in recent trading.

Today’s Range: $2.71-$3.23

52-Week Range: $1.90-$7.28

Volume: 3.56 million

Three-Month Average Volume: 3.10 million

From a technical perspective, RSH is bouncing higher here right off its 50-day moving average at $2.66 and back above its 200-day moving average at $2.97 with above-average volume. This move is quickly pushing shares of RSH within range of triggering a major breakout trade. That trade will hit if RSH manages to take out some near-term overhead resistance levels at $3.30 to $3.58 and then once it takes out some past resistance at $3.67 with high volume.

Traders should now look for long-biased trades in RSH as long as it’s trending above its 200-day at $2.97, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.10 million shares. If that breakout triggers soon, then RSH will set up to re-test or possibly take out its next major overhead resistance levels at $4.17 to $4.49. Any high-volume move above $4.49 will then put $$5 into range for shares of RSH.

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.