Stock Quotes in this Article: FST, GDP, HGG, KEG, MHR

WINDERMERE, Fla. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

>>5 "Magic Formula" Stocks for 2013

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.

>>Outwit the S&P in 2013 With 5 Hated Stocks

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.

Goodrich Petroleum (GDP)

This is an independent oil and gas company engaged in the exploration, exploitation, development and production of oil and natural gas properties in East Texas and Northwest Louisiana. This stock is trading up 13.4% to $9.32 in recent trading.

Today's Range: $8.28-$9.51

52-Week Range: $7.77-$20.67

Volume: 1.37 million

Three-Month Average Volume: 924,334

From a technical perspective, GDP is soaring here right off some near-term support at $7.95 with above-average volume. This stock has been finding big buying interest for the last month, whenever the stock has traded just below $8. Shares of GDP are now quickly moving within range of triggering a near-term breakout trade. That trade will hit once GDP manages to take out some near-term overhead resistance levels at $9.65 to its 50-day at $10.40 with high volume.

Traders should now look for long-biased trades in GDP as long as it's trending above its 50-day at $8.64, and then once it sustains a move or close above those breakout levels with volume that hits near or above 924,334 shares. If that breakout hits soon, then GDP will set up to re-test or possibly take out its next major overhead resistance levels at $11.50 to $12.50.

Key Energy Services (KEG)

This is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. This stock is trading up 5.7% to $7.03 in recent trading.

Today's Range: $6.63-$7.14

52-Week Range: $5.70-$18.18

Volume: 2.16 million

Three-Month Average Volume: 3.39 million

From a technical perspective, KEG is bouncing higher here right off its 50-day moving average of $6.56 with lighter volume. This stock has been uptrending strong for the past two months, with shares moving from a low of $5.70 to its recent high of $7.14. During that move, shares of KEG have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed KEG within range of triggering a major breakout trade. That trade will hit once KEG clears some near-term overhead resistance levels at $7.07 to $7.51 with high volume.

Traders should now look for long-biased trades in KEG as long as it's trending above its 50-day at $6.56, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.39 million shares. If that breakout triggers soon, then KEG will set up to re-test or possibly take out its next major overhead resistance levels at $8.25 to $8.75.

Abraxas Petroleum (AXAS)

This is an independent energy company primarily engaged in the acquisition, exploitation, development and production of oil and gas in the United States and Canada. The stock is trading up 9.5% to $2.05 in recent trading.

Today's Range: $1.87-$2.08

52-Week Range: $1.56-$4.39

Volume: 1.02 million

Three-Month Average Volume: 808,942

From a technical perspective, AXAS is bouncing higher here right off some near-term support at $1.82 and its starting to recapture its 50-day moving average of $2.02 with above-average volume. This move is quickly pushing AXAS within range of triggering a major breakout trade. That trade will hit once AXAS takes out some near-term overhead resistance levels at $2.36 to $2.67 with high volume.

Traders should now look for long-biased trades in AXAS as long as it's trending above its 50-day at $2.02, and then once it sustains a move or close above those breakout levels with volume that hits near or above 808,942 shares. If that breakout hits soon, then AXAS will set up to re-test or possibly take out its next major overhead resistance levels at $3.38 to $3.42.

Forest Oil (FST)

This is an independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids mainly North America. This stock is trading up 6.8% to $6.99 in recent trading.

Today's Range: $6.55-$7.10

52-Week Range: $5.68-$15.15

Volume: 2.93 million

Three-Month Average Volume: 3.38 million

From a technical perspective, FST is bouncing higher here right off some near-term support at $6.50 with decent volume. This stock has been trending sideways for the last two months, with shares moving between $6.06 on the downside and $6.95 on the upside. Shares of FST are quickly approaching a major breakout trade above the upper-end of its recent range. That trade will hit once FST clears some near-term overhead resistance levels at $6.95 and its 50-day at $7.25 with high volume.

Traders should now look for long-biased trades in FST as long as it's trending above $6.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.38 million shares. If that breakout hits soon, then FST will set up to re-test or possibly take out its next major overhead resistance levels at 8.50 to $9. Any high-volume move above $9.12 to $9.33 will then put $11 into focus for shares of FST.

Magnum Hunter Resources (MHR)

This is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. This stock is trading up 8.3% to $4.09 in recent trading.

Today's Range: $3.78-$4.22

52-Week Range: $3.29-$7.71

Volume: 4.81 million

Three-Month Average Volume: 3.37 million

From a technical perspective, MHR is ripping higher here back above its 50-day moving average of $3.93 with above-average volume. This move is quickly pushing shares of MHR within range of triggering a near-term breakout trade. That trade will hit once MHR manages to clear some near-term overhead resistance levels at $4.24 to $4.69 with high volume.

Traders should now look for long-biased trades in MHR as long as it's trending above its 50-day at $3.93, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.37 million shares. If that breakout triggers soon, then MHR will set up to re-test or possibly take out its next major overhead resistance levels at $4.91 to $5.24.

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.