Stock Quotes in this Article: CRNT, MOBI, NVTL, BIRT

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.

Novatel Wireless

Novatel Wireless (NVTL) is a provider of wireless solutions for the worldwide mobile communications markets. This stock is trading up 5.6% to $2.03 in recent trading.

Today’s Range: $1.94-$2.08

52-Week Range: $1.79-$4.42

Volume: 204,000

Three-Month Average Volume: 113,955

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From a technical perspective, NVTL is bouncing solidly here right off some near-term support at $1.90 with above-average volume. This move is quickly pushing NVTL within range of triggering a near-term breakout trade. That trade will hit once NVLT manages to take out some near-term overhead resistance levels at $2.07 to $2.14 with high volume.

Traders should now look for long-biased trades in NVTL as long as it’s trending above $1.87, and then once it sustains a move or close above those breakout levels with volume that’s near or above 113,955 shares. If that breakout triggers soon, the NVTL will have a great chance to re-test or possibly take out its 200-day moving average at $2.68.

Sky-mobi

Sky-mobi (MOBI) operates mobile social games and provides applications and content with social network functions to its registered members in China. This stock is trading up 9.5% at $2.29 in recent trading.

Today’s Range: $2.10-$2.34

52-Week Range: $1.80-$6.13

Volume: 300,000

Three-Month Average Volume: 59,800

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From a technical perspective, MOBI is ripping higher here with heavy volume. This move is coming after MOBI bounced strongly off its 50-day moving average of $1.98 on Wednesday. This spike today is now pushing MOBI within range of triggering a near-term breakout trade. That trade will hit once MOBI manages to clear some near-term overhead resistance at $2.25 to $2.53 with high volume. At last check, MOBI has hit an intraday high of $2.34 and volume is well above its three-month average action of 59,800 shares.

Traders should now look for long-biased trades in MOBI as long as it’s trending above today’s low of $2.10, and then once it sustains a move or close above those breakout levels with volume that’s near or above 59,800 shares. If that breakout triggers today or soon, then look for MOBI to re-test and possibly take out its 200-day at $2.88. Any high-volume move above $2.88 will setup MOBI to tag $3.50.

Ceragon Networks

Ceragon Networks (CRNT) is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, music and video applications. This stock is trading up 5.9% at $5.66 in recent trading.

Today’s Range: $5.44-$5.79

52-Week Range: $5.06-$10.83

Volume: 96,000

Three-Month Average Volume: 119,689

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From a technical perspective, CRNT is bouncing here off extremely oversold conditions with decent volume. This stock has plunged huge in the last three months, with shares dropping from $9.36 to its recent low of $5.06 hit on Wednesday. That sharp move lower has pushed CRNT into oversold territory, since its current relative strength index is at 38.

Traders should now look to play an oversold bounce in CRNT if it can manage to trend above some near-term overhead resistance at $5.63 with strong upside volume flows. I would consider any upside volume day that registers near or above 119,689 shares as bullish. At last check, CRNT has hit an intraday high of $5.79 and volume is just a bit below its three-month average action of 119,689 shares. If CRNT can maintain a trend above $5.63, then this stock has a chance to bounce hard back to its 50-day moving average of $6.95 in the near future.

Actuate

Actuate (BIRT) provides software and services to develop and deploy custom business Intelligence and information applications. This stock is trading up 8.2% to $7.04 in recent trading.

Today’s Range: $6.58-$7.06

52-Week Range: $4.95-$7.30

Volume: 134,000

Three-Month Average Volume: 216,730

From a technical perspective, BIRT is soaring here back above its 50-day moving average of $6.75 with light volume. This move is quickly pushing BIRT within range of triggering a major breakout trade. That trade will hit once BIRT manages to clear some past overhead resistance at $7.20 to $7.30 with high volume.

Traders should now look for long-biased trades in BIRT as long as it’s trending above its 50-day at $6.75, and then once it sustains a move or close above those breakout levels with volume that’s near or above 216,730 shares. If that breakout triggers soon for BIRT, then I expect to see this stock trend well north of $8 in the near future.

To see more stocks under-$10 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 stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.