Stock Quotes in this Article: AFFX, DGLY, ELNK, NTWK

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.

Affymetrix

Affymetrix (AFFX) provides life science tools and molecular diagnostic products that enable parallel analysis of biological systems at the gene, protein, and cell level primarily in the U.S., Europe, Latin America, and Asia. This stock closed up 11.5% to $8.81 in Tuesday's trading session.

Tuesday's Range: $8.17-$8.86

52-Week Range: $3.22-$8.90

Tuesday's Volume: 3.89 million

Three-Month Average Volume: 1.02 million

From a technical perspective, AFFX ripped sharply higher here right off its 50-day moving average of $8.07 with monster upside volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $3.70 to its recent high of $8.90. During that uptrend, shares of AFFX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of AFFX within range of triggering a big breakout trade. That trade will hit if AFFX manages to take out its 52-week high at $8.90 with high volume.

Traders should now look for long-biased trades in AFFX as long as it's trending above its 50-day at $8.07 or above some more near-term support at $7.85 and then once it sustains a move or close above $8.90 with volume that hits near or above 1.02 million shares. If that breakout hits soon, then AFFX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $12 to $13.

NetSol Technologies

NetSol Technologies (NTWK) designs, develops, markets and exports software products primarily to the automobile finance and leasing, banking, health care and financial services industries worldwide. This stock closed up 1.9% to $5.90 in Tuesday's trading session.

Tuesday's Range: $5.75-$5.90

52-Week Range: $4.25-$14.01

Tuesday's Volume: 97,000

Three-Month Average Volume: 231,590

From a technical perspective, NTWK bounced modestly higher here right above its 50-day moving average of $5.53 with lighter-than-average volume. This move is starting to push shares of NTWK within range of triggering a major breakout trade. That trade will hit if NTWK manages to take out Tuesday's high of $5.90 to some more near-term overhead resistance at $6.15 with high volume.

Traders should now look for long-biased trades in NTWK as long as it's trending above its 50-day at $5.53 or above more support at $5 and then once it sustains a move or close above those breakout levels with volume that hits near or above 231,590 shares. If that breakout hits soon, then NTWK will set up to re-fill some of its previous gap-down-zone from last November that started at $7.50. Any high-volume move above $7.50 will then give NTWK a chance to tag its next major overhead resistance levels at $7.95 to $8.71.

Digital Ally

Digital Ally (DGLY) produces digital video imaging, audio recording and related storage products for use in law enforcement and security applications in the U.S. and internationally. This stock closed up 4.4% to $9.56 in Tuesday's trading session.

Tuesday's Range: $9.12-$9.60

52-Week Range: $3.16-$17.47

Tuesday's Volume: 38,000

Three-Month Average Volume: 76,456

From a technical perspective, DGLY spiked notably higher here right above its 200-day moving average of $8.61 with lighter-than-average volume. This move is quickly pushing shares of DGLY within range of triggering a big breakout trade. That trade will hit if DGLY manages to take out Tuesday's high of $9.60 to some more key overhead resistance at $9.64 with high volume.

Traders should now look for long-biased trades in DGLY as long as it's trending above its 200-day at $8.61or above its 50-day at $8.43 and then once it sustains a move or close above those breakout levels with volume that hits near or above 76,456 shares. If that breakout hits soon, then DGLY will set up to re-test or possibly take out its next major overhead resistance level at $10.89. Any high-volume move above that level will then give DGLY a chance to tag $12 to $13.

EarthLink

EarthLink (ELNK) provides network, communications, and IT services in the U.S. This stock closed up 7.7% to $5.58 in Tuesday's trading session.

Tuesday's Range: $5.14-$5.62

52-Week Range: $4.70-$7.07

Tuesday's Volume: 3.71 million

Three-Month Average Volume: 909,108

From a technical perspective, ELNK trended sharply higher here right off its 50-day moving average of $5.12 and back above its 200-day moving average of $5.40 with heavy upside volume. This move also pushed shares of ELNK into breakout territory, since the stock took out some key near-term overhead resistance at $5.41. Market players should now look for a continuation move higher in the short-term if ELNK can manage to take out Tuesday's high of $5.62 with strong volume.

Traders should now look for long-biased trades in ELNK as long as it's trending above its 50-day at $5.12 and then once it sustains a move or close above $5.62 with volume that hits near or above 909,108 shares. If we get that move soon, then ELNK will set up to re-test or possibly take out its next major overhead resistance levels at $6.20 to $6.67.

To see more stocks that are making notable moves higher, 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.