Stock Quotes in this Article: HALO, JKS, LEI, MCP

MADISON, Wis. (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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Molycorp

Rare earth company Molycorp (MCP) is trading up 3.6% to $5.37 in recent trading.

Today’s Range: $5.05-$5.55

52-Week Range: $4.70-$28.89

Volume: 5.09 million

Three-Month Average Volume: 7.93 million

From a technical perspective, MCP is trending higher here right above its recent 52-week low of $4.70 with decent upside volume. This stock has been downtrending badly for the last four months, with shares plunging from its high of $11.81 to its 52-week low of $4.70. During that move, shares of MCP have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of MCP are starting to bounce off that $4.70 low and move within range of triggering a near-term breakout trade. That trade will hit if MCP manages to take out some near-term overhead resistance levels at $5.832 to its 50-day at $5.93 with high volume.

Traders should now look for long-biased trades in MCP as long as it’s trending above $5, and then once it sustains a move or close above those breakout levels with volume that hits near or above 7.93 million shares. If that breakout triggers soon, then MCP will set up to re-test or possibly take out its next major overhead resistance levels at $6.55 to $6.61. Any high-volume move above those levels will then put $7.50 to $8.20 into range for shares of MCP.

Halozyme Therapeutics

Halozyme Therapeutics (HALO) is a biopharmaceutical company engaged in develops and commercializes innovative products that advance patient care. This stock is trading up 7.8% to $6.51 in recent trading.

Today’s Range: $6.09-$6.53

52-Week Range: $3.86-$9.92

Volume: 900,000

Three-Month Average Volume: 1.29 million

From a technical perspective, HALO is ripping higher here and taking out its 200-day moving average at $6.40 with decent upside volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $5.03 to its intraday high of $6.53. During that move, shares of HALO have been mostly making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in HALO as long as it’s trending above its 200-day at $6.40 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 1.29 million shares as bullish. If HALO can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $7.30 to $8.

Lucas Energy

Lucas Energy (LEI), together with its subsidiary, LEI Alcalde Holdings, explores for, develops, produces and markets mainly crude oil and, to a much lesser extent, natural gas. This stock is trading up 3% to $1.35 in recent trading.

Today’s Range: $1.31-$1.37

52-Week Range: $0.95-$2.54

Volume: 14,000

Three-Month Average Volume: 120,132

From a technical perspective, LEI is trending modestly higher here back above its 50-day moving average at $1.33 with lighter-than-average volume. This move is quickly pushing shares of LEI within range of triggering a near-term breakout trade. That trade will hit if LEI manages to clear some near-term overhead resistance levels at $1.40 to $1.42 with high volume.

Traders should now look for long-biased trades in LEI as long as it’s trending above today’s low at $1.31 or above its 50-day at $1.33, and then once it sustains a move or close above those breakout levels with volume that hits near or above 120,132 shares. If that breakout triggers soon, then LEI will set up re-test or possibly take out its next major overhead resistance levels at $1.62 to $1.82.

JinkoSolar

JinkoSolar (JKS) is fast-growing solar product manufacturer manufacturing high quality ingot, wafer, solar cell and solar module products all along the photovoltaic industry chain, with global network. This stock is trading up 6.1% to $5.73 in recent trading.

Today’s Range: $5.32-$5.93

52-Week Range: $2.00-$10.07

Volume: 252,000

Three-Month Average Volume: 391,869

From a technical perspective, JKS is ripping higher here right above its 50-day moving average at $6.52 with decent upside volume. This stock has been uptrending modestly higher here for the last few weeks, with shares trending up from its low of $3.96 to its recent high of $6.23. During that move, shares of JKS have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of JKS within range of triggering a near-term breakout trade. That trade will hit if JKS manages to take out some near-term overhead resistance levels at $6.23 to its 50-day at $6.52 with high volume.

Traders should now look for long-biased trades in JKS as long as it’s trending above today’s low of $5.32 and then once it sustains a move or close above those breakout levels with volume that hits near or above 391,869 shares. If that breakout triggers soon, then JKS will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.50.

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 Madison, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, 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.