Stock Quotes in this Article: CPE, EVC, MGT, VVTV, GRPN

WINDERMERE, Fla. (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 several stocks under $10 that are making large moves to the upside today.

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MGT Capital Investments

MGT Capital Investments (MGT), through its subsidiaries, is engaged in the development and commercialization of medical imaging software in the United Kingdom, the U.S., Europe, Japan and China. This stock is trading up 9.2% to $3.80 in recent trading.

Today’s Range: $3.65-$4.05

52-Week Range: $1.95-$7.46

Volume: 857,000

Three-Month Average Volume: 46,716

From a technical perspective, MGT is spiking significantly higher here with heavy upside volume. This move has briefly pushed shares of MGT into breakout territory, since the stock has flirted with some near-term overhead resistance at $3.85. At last check, MGT has hit an intraday high of $4.05 and volume is substantially higher than its three-month average action of 46,716 shares.

Traders should now look for long-biased trades in MGT as long as it’s trending above today’s low of $3.65 and then once it sustains a break out above $4.05 to its 200-day moving average at $4.22 with volume that hits near or above 46,716 shares. If that breakout triggers soon, then MGT will set up to re-test or possibly take out its next major overhead resistance levels at $4.69 to $5.10. Any high-volume move above those levels will then put $5.50 to $5.89 into range for shares of MGT.

Callon Petroleum

Callon Petroleum (CPE) is engaged in the exploration, development, acquisition and production of oil and gas properties in the Permian Basin in West Texas, the Gulf of Mexico and the Haynesville Shale in Louisiana. This stock is trading up 11.2% to $3.97 in recent trading.

Today’s Range: $3.68-$4.00

52-Week Range: $3.28-$6.55

Volume: 591,000

Three-Month Average Volume: 327,415

From a technical perspective, CPE is ripping higher here and breaking out above some near-term overhead resistance at $3.87 with above-average volume. This move is coming after shares of CPE recently downtrended from $5.78 to its low of $3.28. The bounce off that $3.28 low has marked a V-shaped bottom and now shares of CPE are breaking out.

Traders should now look for long-biased trades in CPE as long as it’s trending above $3.87 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 327,415 shares as bullish. If CPE can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $4.73 to its 200-day moving average at $5.03.

Groupon

Groupon (GRPN) provides a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. The company features a daily deal on the best stuff to do, see, eat and buy. This stock is trading up 6.3% to $6.50 in recent trading.

Today’s Range: $6.15-$6.55

52-Week Range: $2.60-$14.93

Volume: 14.45 million

Three-Month Average Volume: 17.61 million

From a technical perspective, GRPN is ripping higher here and breaking out above some near-term overhead resistance at $6.36 with decent upside volume. This move is starting to push shares of GRPN into its previous gap-down zone from last August that started at $8.05.

Traders should now look for long-biased trades in GRPN as long as it’s trending above $6.36 or today’s low of $6.15 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 17.61 million shares. If GRPN can maintain that trend, then this stock has a great chance of trending north of $8 a share, after that gap gets filled. If GRPN can get into that gap with volume, then some possible upside targets are $9 to $10.

Entravision Communications

Entravision Communications (EVC) is a Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers in the U.S. This stock is trading up 7.6% to $3.68 in recent trading.

Today’s Range: $3.43-$3.69

52-Week Range: $1.10-$3.69

Volume: 1.13 million

Three-Month Average Volume: 658,433

From a technical perspective, EVC is spiking higher here and breaking out above some near-term overhead resistance at $3.53 with heavy upside volume. This move has started to push shares of EVC into new 52-week-high territory, which is bullish technical price action.

Traders should now look for long-biased trades in EVC as long as it’s trending above today’s low of $3.43 or above that key breakout level of $3.53 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 658,433 shares. If EVC can maintain that trend, then this stock will have a great chance of trending well north of $4.

ValueVision

ValueVision (VVTV) is a multichannel electronic retailer that markets, sells and distributes products to consumers through TV, telephone, online, mobile and social media. This stock is trading up 5.8% to $3.94 in recent trading.

Today’s Range: $3.68-$4.00

52-Week Range: $1.48-$4.00

Volume: 542,000

Three-Month Average Volume: 259,528

From a technical perspective, VVTV is ripping higher here and breaking out above some near-term overhead resistance levels at $3.54 to $3.78 with heavy upside volume. This breakout has now pushed shares of VVTV into new 52-week-high territory, which is bullish technical price action. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $1.62 to its intraday high of $4. During that move, shares of VVTV have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in VVTV as long as it’s trending above those key breakout levels of $3.54 to $3.79 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 259,528 shares as bullish. If VVTV can maintain that trend, then this stock will have a great chance of re-testing or possibly take out its next major overhead resistance levels at $4.50 to $5.50.

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 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.