Stock Quotes in this Article: HMY, IVAN, MDCI, MPAA, OCLS

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.

Harmony Gold Mining

Harmony Gold Mining (HMY) is in the business of gold mining and related activities, including exploration, extraction and processing. It has its operations in South Africa and Papua New Guinea. This stock closed up 10.5% to $3.99 in Wednesday's trading session.

Wednesday's Range: $3.68-$4.00

52-Week Range: $3.29-$9.66

Wednesday's Volume: 5.68 million

Three-Month Average Volume: 3.28 million

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From a technical perspective, HMY ripped sharply higher here right off its 50-day moving average at $3.72 with heavy upside volume. This move is quickly pushing shares of HMY within range of triggering a big breakout trade. That trade will hit if HMY manages to take out some near-term overhead resistance at $4.16 and then once it clears more resistance at $4.35 to $4.42 with high volume.

Traders should now look for long-biased trades in HMY as long as it's trending above its 50-day at $3.72 or above more support at $3.53 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.28 million shares. If that breakout hits soon, then HMY will set up to re-test or possibly take out its next major overhead resistance levels at $4.92 to $5.29. Any high-volume move above those levels will then put its 200-day at $5.56 into range for shares of HMY.

Ivanhoe Energy

Ivanhoe Energy (IVAN) is an international heavy oil development and production company. This stock closed up 8.4% to 71 cents per share in Wednesday's trading session.

Wednesday's Range: $0.66-$0.72

52-Week Range: $0.69-$2.91

Wednesday's Volume: 386,000

Three-Month Average Volume: 460,820

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From a technical perspective, IVAN bounced higher here right above some near-term support at 64 cents with decent upside volume. This stock recently formed a triple bottom after coming out of an extended downtrend, with shares finding buying interest at 63, 60 and 64 cents per share. If this bottom holds, then shares of IVAN could be setting up to trend significantly higher.

Traders should now look for long-biased trades in IVAN as long as it's trending above 64 or 60 cents and then once it sustains a move or close above Wednesday's high of 72 cents with volume that's near or above 460,820 shares. If we get that move soon, then IVAN will set up to re-test or possibly take out its next major overhead resistance levels at 82 cents to its 50-day at 83 cents. Any high-volume move above those levels will then give IVAN a chance to tag its next major overhead resistance levels at 90 cents to $1.07.

Oculus Innovative Sciences

Oculus Innovative Sciences (OCLS) develops, manufactures and markets a family of tissue care products that cure infections and, through a separate mechanism of action, enhance healing while reducing the need for antibiotics. This stock closed up 1.7% to $2.90 in Wednesday's trading session.

Wednesday's Range: $2.87-$3.10

52-Week Range: $2.25-$7.00

Wednesday's Volume: 327,000

Three-Month Average Volume: 54,033

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From a technical perspective, OCLS rose modestly higher here with heavy upside volume. This stock has been hit with a number of recent up volume days that have easily exceeded its three-month average volume. Shares of OCLS are now starting to push within range of triggering a major breakout trade. That trade will hit if OCLS manages to take out Wednesday's high of $3.10 and then once it clears some near-term overhead resistance at $3.12 with high volume.

Traders should now look for long-biased trades in OCLS as long as it's trending above its 50-day at $2.64 or above more support at $2.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 54,033 shares. If that breakout hits soon, then OCLS will set up to re-test or possibly take out its next major overhead resistance levels at $3.69 to its 200-day at $3.87. Any high-volume move above those levels will then put $4 into range for shares of OCLS.

Medical Action Industries

Medical Action Industries (MDCI) develops, manufactures, markets and supplies a variety of disposable medical products. This stock closed up 6% to $5.61 in Wednesday's trading session.

Wednesday's Range: $5.10-$5.65

52-Week Range: $2.25-$10.07

Wednesday's Volume: 103,000

Three-Month Average Volume: 183,955

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From a technical perspective, MDCI bounced sharply higher here right off its recent low of $5.04 with lighter-than-average volume. This stock has been downtrending badly over the last month and change, with shares collapsing from its high of $10.07 to its recent low of $5.04. During that move, shares of MDCI have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of MDCI have now started to rebound off that $5.04 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if MDCI manages to take out some near-term overhead resistance at $5.82 and then once it clears its 200-day at $6.03 with high volume.

Traders should now look for long-biased trades in MDCI as long as it's trending above that $5.04 low and then once it sustains a move or close above those breakout levels with volume that hits near or above 183,955 shares. If that breakout triggers soon, then MDCI will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to $7.13, or even its 50-day at $7.38.

Motorcar Parts of America

Motorcar Parts of America (MPAA) is a manufacturer, remanufacturer and distributor of aftermarket automobile parts. This stock closed up 4.5% to $9.74 in Wednesday's trading session.

Wednesday's Range: $9.38-$10

52-Week Range: $4.22-$10.34

Wednesday's Volume: 106,000

Three-Month Average Volume: 165,519

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From a technical perspective, MPAA ripped higher here right above its 50-day moving average of $9.13 with decent upside volume. This stock has been trending sideways inside of a consolidation pattern for the last few weeks, with shares moving between $9.16 on the downside and $10.34 on the upside. This spike on Wednesday is now starting to push shares of MPAA within range of triggering a big breakout trade above the upper-end of its recent range. That breakout will hit if MPAA manages to clear Wednesday's high of $10 to its 52-week high at $10.34 and then once it takes out some key past resistance at $10.42 with high volume.

Traders should now look for long-biased trades in MPAA as long as it's trending above its 50-day at $9.13 or above more support at $9 and then once it sustains a move or close above those breakout levels with volume that hits near or above 165,519 shares. If that breakout triggers soon, then MPAA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $13 to $14.

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.