Stock Quotes in this Article: CQB, DVR, LEE, XRA

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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.

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.

Lee Enterprises

This company (LEE) is a provider of local news and information and a major platform for advertising, in primarily midsize markets. This stock is trading up 7% to $1.60 in recent trading.

Today's Range: $1.49-$1.62

52-Week Range: $0.49-$1.81

Volume: 335,000

Three-Month Average Volume: 177,008

From a technical perspective, LEE is spiking significantly higher here right off its 50-day moving average of $1.49 with above-average volume. This move has pushed LEE above some near-term overhead resistance at $1.55 and its moving the stock within range of triggering a major breakout trade. That trade will hit once LEE manages to take out some near-term overhead resistance at $1.67 to $1.81 with high volume.

Traders should now look for long-biased trades in LEE as long as it's trending above its 50-day at $1.49, and then once it sustains a move or close above those breakout levels with volume that hits near or above 177,008 shares. If that breakout triggers soon, then LEE will set up to re-test or possibly take out its next major overhead resistance levels at $2 to $2.50.

Cal Dive International

This company (DVR) is a marine contractor which provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. This stock is trading up 9% to $1.32 in recent trading.

Today's Range: $1.00-$1.36

52-Week Range: $1.14-$4.00

Volume: 2.41 million

Three-Month Average Volume: 1.44 million

From a technical perspective, DVR is bouncing sharply higher here with above-average volume. This move is coming after the stock downtrended badly for the last four months from $3 to $1. The action today has now started to move DVR within range of triggering a near-term breakout trade. That trade will hit once DVR manages to take out some near-term overhead resistance levels at $1.51 to $1.57 with high volume.

Traders should now look for long-biased trades in DVR as long as it's trending above $1.32, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.44 million shares. If that breakout hits soon, then DVR will set up to re-test or take out its next major overhead resistance levels at $1.84 to $1.88, or possibly even $2.40.

Exeter Resources

This company (XRA) is an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the Maricunga Region in Chile. This stock is trading up 13.7% to $1.57 in recent trading.

Today's Range: $1.37-$1.60

52-Week Range: $1.27-$4.20

Volume: 329,000

Three-Month Average Volume: 235,251

From a technical perspective, XRA is ripping higher here right off some near-term support at $1.33 with above-average volume. This move has started to push XRA above some near-term overhead resistance at $1.48 and it's moving it within range of its 50-day moving average of $1.60. This action is quickly pushing XRA within range of triggering a near-term breakout trade. That trade will hit once XRA takes out some near-term overhead resistance levels at $1.74 to $1.80 with high volume.

Traders should now look for long-biased trades in XRA as long as it's trending above its 50-day at $1.60, and then once it sustains a move or close above those breakout levels with volume that hits near or above 235,251 shares. If that breakout triggers soon, then XRA will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $2.02 to $2.14. Any high-volume move above its 200-day at $2.14 will then put $2.40 into focus for shares of XRA.

Chiquita Brands International

This company (CQB) operates as an international marketer and distributor of bananas and other fresh produce sold under the Chiquita(r) and other brand. This stock is trading up 1.6% to $7.26 in recent trading.

Today's Range: $7.13-$7.70

52-Week Range: $4.62-$10.57

Volume: 500,000

Three-Month Average Volume: 492,546

From a technical perspective, CQB is bouncing modestly higher here right off its 200-day at $7.13 and its 50-day at $7.19 with above-average volume. This move is quickly pushing CQB within range of triggering a major breakout trade. That trade will hit once CQB manages to clear $7.54 to $8.14 with high volume. At last check, CQB has hit an intraday high of $7.70 and volume is just starting to surpass its three-month average action of 492,546 shares.

Traders should now look for long-biased trades in CQB as long as it's trending above its 200-day at $7.13, and then once it sustains a move or close above those breakout levels with volume that hits near or above 492,546 shares. If that breakout triggers soon, then CQB will set up to re-test or possibly take out its next major overhead resistance levels at $8.82 to $8.94. Any high-volume move above $8.94 will then put 9.50 to $9.80 into focus for shares of CQB.

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.