Stock Quotes in this Article: ABIO, ATHX, CRTX, SVNT, TRGT

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 today.

Athersys

Athersys (ATHX) is a biopharmaceutical company focused in the field of regenerative medicine. This stock closed up 4.3% to $1.69 in Tuesday's trading session.

Tuesday's Range: $1.65-$1.75

52-Week Range: $0.95-$2.42

Tuesday's Volume: 1.07 million

Three-Month Average Volume: 331,578

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From a technical perspective, ATHX gapped higher here back above its 50-day moving average of $1.63 with above-average volume. This move is starting to push shares of ATHX within range of triggering a near-term breakout trade. That trade will hit if ATHX manages to take out some near-term overhead resistance levels at $1.75 to $1.77 with high volume.

Traders should now look for long-biased trades in ATHX as long as it's trending above its 50-day at $1.63 or above more near-term support at $1.55 and then once it sustains a move or close above those breakout levels with volume that hits near or above 331,578 shares. If that breakout triggers soon, then ATHX will set up to re-test or possibly take out its next major overhead resistance levels at $1.96 to $2.16. If those levels get taken out with volume, then ATHX could tag its next major overhead resistance levels at $2.25 to $2.42.

ARCA biopharma

ARCA biopharma (ABIO) is a biopharmaceutical company developing genetically targeted therapies for cardiovascular diseases. This stock closed up 3.5% to $1.45 in Tuesday's trading session.

Tuesday's Range: $1.36-$1.46

52-Week Range: $1.13-$5.94

Tuesday's Volume: 615,000

Three-Month Average Volume: 308,252

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From a technical perspective, ABIO jumped higher here right above some near-term support at $1.34 and back above its 50-day moving average at $1.44 with above-average volume. This stock has been trending sideways for the last month and change, with shares moving between $1.25 on the downside and $1.52 on the upside. Shares of ABIO are now starting to trend within range of triggering a near-term breakout trade above the upper-end of its sideways trading pattern. That breakout will hit if ABIO manages to take out $1.52 to $1.67 with high volume.

Traders should now look for long-biased trades in ABIO as long as it's trending above some near-term support levels at $1.34 or at $1.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 308.252 shares. If that breakout hits soon, then ABIO will set up to re-fill some of its previous gap down zone from April that started near $2.75.

Savient Pharmaceuticals

Savient Pharmaceuticals (SVNT) is a biopharmaceutical company with one meaningful drug, Krystexxa, which treats chronic gout refractory to conventional therapy. This stock closed up 6.2% to $0.67 in Tuesday's trading session.

Tuesday's Range: $0.64-$0.68

52-Week Range: $0.51-$2.95

Tuesday's Volume: 743,000

Three-Month Average Volume: 793,930

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From a technical perspective, SVNT surged higher here back above its 50-day moving average of 65 cents with decent upside volume. This stock recently formed a double bottom chart pattern at 57 cents to 56 cents per share. Following that bottom, shares of SVNT have started to uptrend and approach a near-term breakout trade. That trade will hit if SVNT manages to take out some near-term overhead resistance at 75 cents with high volume.

Traders should now look for long-biased trades in SVNT as long as it's trending above its 50-day at 65 cents or above more support at 60 cents and then once it sustains a move or close above 75 cents with volume that hits near or above 793,930 shares. If that breakout hits soon, then SVNT will set up to re-test or possibly take out its next major overhead resistance levels at 90 cents to 91 cents per share. Any high-volume move above those levels will then put its 200-day at 94 cents to $1 into range for shares of SVNT.

Cornerstone Therapeutics

Cornerstone Therapeutics (CRTX), a specialty pharmaceutical company, commercializes products for the hospital and adjacent specialty markets. This stock closed up 5.3% to $8.99 in Tuesday's trading session.

Tuesday's Range: $8.86-$9.62

52-Week Range: $3.10-$10.37

Tuesday's Volume: 241,000

Three-Month Average Volume: 81,995

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From a technical perspective, CRTX gapped up sharply here back above its 50-day moving average of $8.69 with above-average volume. This move saw CRTX flirt with a breakout trade, since the stock took out some near-term overhead resistance at $9.25. At last check, CRTX closed back below that breakout level of $8.99 with volume that was well above its three-month average action of 81,995 shares. Shares of CRTX are now trending within range of triggering another key breakout trade. That trade will hit if CRTX manages to take out Tuesday's high of $9.62 and then once it clears its 52-week high at $10.37 with high volume.

Traders should now look for long-biased trades in CRTX as long as it's trending above its 50-day at $8.69 or above some more support at $8.26 and then once it sustains a move or close above those breakout levels with volume that hits near or above 81,995 shares. If we get that move soon, then CRTX 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.

Targacept

Targacept (TRGT) is a biopharmaceutical company engaged in the design, discovery and development of NNR Therapeutics, a new class of drugs for the treatment of diseases and disorders of the central nervous system. This stock closed up 1.3% to $5.28 in Tuesday's trading session.

Tuesday's Range: $5.07-$5.30

52-Week Range: $3.85-$5.77

Thursday's Volume: 305,000

Three-Month Average Volume: 219,969

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From a technical perspective, TRGT bounced modestly higher here right above its 50-day moving average of $4.98 with above-average volume. This move is quickly pushing shares of TRGT within range of triggering a near-term breakout trade. That trade will hit if TRGT manages to take out some near-term overhead resistance at $5.33 with high volume.

Traders should now look for long-biased trades in TRGT as long as it's trending above its 50-day at $4.98 or above its 200-day at $4.63 and then once it sustains a move or close above $5.33 with volume that hits near or above 219,969 shares. If that breakout triggers soon, then TRGT will set up to re-test or possibly take out its next major overhead resistance levels at its 52-week high of $5.77 to $6. Any high-volume move above $6 will then give TRGT a chance to re-fill some of its previous gap down zone from March of 2012 that started near $7.70.

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 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.