Stock Quotes in this Article: CETV, MM, STP, DQ, ZAZA

MADISON, Wis. (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 a several stocks under $10 that are making large moves to the upside today.

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Millennial Media

Millennial Media (MM) is an independent mobile advertising platform company. This stock is trading up 5.5% to $8.69 in recent trading.

Today's Range: $8.23-$8.77

52-Week Range: $5.87-$16.86

Volume: 880,000

Three-Month Average Volume: 1.52 million

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From a technical perspective, MM is surging higher here right above some near-term support at $8.03 with lighter-than-average volume. This stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $5.87 to its intraday high of $8.77. During that move, shares of MM have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of MM into breakout territory, since the stock is challenging some past resistance at $8.75.

Traders should now look for long-biased trades in MM as long as it's trending above some near-term support levels $8.03 to $7.82, and then once it sustains a move or close above some breakout levels $8.75 to $8.77 with volume that hits near or above 1.52 million shares. If we get that move soon, then MM will set up to re-test or possibly take out its next major overhead resistance levels at $9.50 to $10. Any high-volume move above those levels will then give MM a chance to re-fill some of its previous gap down zone from February that started around $14.50.

ZaZa Energy

ZaZa Energy (ZAZA) is a privately-held independent exploration and production company focused on the exploration and development of unconventional onshore oil and gas resources in the U.S. This stock is trading up 1.4% to $1.42 in recent trading.

Today's Range: $1.40-$1.44

52-Week Range: $1.09-$4.93

Volume: 69,000

Three-Month Average Volume: 401,645

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From a technical perspective, ZAZA is trending modestly higher here right off its 50-day moving average of $1.38 with lighter-than-average volume. This move is quickly pushing shares of ZAZA within range of triggering a major breakout trade. That trade will hit if ZAZA manages to take out some near-term overhead resistance levels at $1.48 to $1.53 with high volume.

Traders should now look for long-biased trades in ZAZA as long as it's trending above its 50-day at $1.38, and then once it sustains a move or close above those breakout levels with volume that hits near or above 401,645 shares. If that breakout triggers soon, then ZAZA will set up to re-test or possibly take out its next major overhead resistance levels at $1.70 to its 200-day moving average at $1.88. Any high-volume move above those levels will then put its next major overhead resistance levels at $2 to $2.30 into range for shares of ZAZA.

Suntech Power

Suntech Power (STP) is a solar energy company, which designs, develops, manufactures and markets a number of PV cells and modules, including a range of value-added building-integrated photovoltaics products. This stock is trading up 3.9% to $1.04 in recent trading.

Today's Range: $1.00-$1.07

52-Week Range: $0.30-$2.14

Volume: 4.58 million

Three-Month Average Volume: 6.25 million

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From a technical perspective, STP is bouncing notably higher here right off its 200-day moving average of $1 with decent upside volume. This move is quickly pushing shares of STP within range of triggering a near-term breakout trade. That trade will hit if STP manages to take out some near-term overhead resistance levels at $1.18 to $1.28 and then once it clears more resistance at $1.34 with high volume.

Traders should now look for long-biased trades in STP as long as it's trending above its 200-day at $1 or above some more key near-term support at 90 cents and then once it sustains a move or close above those breakout levels with volume that hits near or above 6.25 million shares. If that breakout triggers soon, then STP will set up to re-test or possibly take out its next major overhead resistance levels at $1.69 to $1.78. Any high-volume move above those levels will then put its next major overhead resistance level at $1.99 into range for shares of STP.

 

Daqo New Energy

Daqo New Energy (DQ) is a polysilicon manufacturer based in China. This stock is trading up 5.8% to $8.90 in recent trading.

Today's Range: $8.51-$8.95

52-Week Range: $3.40-$16.70

Volume: 47,000

Three-Month Average Volume: 60,491

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From a technical perspective, DQ is trending higher here and breaking out above some near-term overhead resistance at $8.56 with decent upside volume. This move is quickly pushing shares of DQ within range of triggering an even bigger breakout trade. That trade will hit if DQ manages to take out some more near-term overhead resistance at $10 to $10.66 with high volume.

Traders should now look for long-biased trades in DQ as long as it's trending above that first tier breakout level of $8.56 and then once it sustains a move or close above those second tier breakout levels with volume that hits near or above 60,491 shares. If that breakout triggers soon, then DQ will set up to re-test or possibly take out its next major overhead resistance levels at $11.40 to $12 Any high-volume move above those levels will then put its next major overhead resistance levels at $13 to $14 into range for shares of DQ.

Central European Media Enterprises

Central European Media Enterprises (CETV) is a media and entertainment company that operates broadcast, content, and new media businesses in central and Eastern Europe. This stock is trading up 4.7% to $3.55 in recent trading.

 

Today's Range: $3.36-$3.58

52-Week Range: $2.60-$7.92

Volume: 170,000

Three-Month Average Volume: 771,930

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From a technical perspective, CETV is trending sharply higher here back above its 50-day moving average at $3.47 with lighter-than-average volume. This move is quickly pushing shares of CETV within range of triggering a major breakout trade, which will hit if CETV manages to take out some near-term overhead resistance levels at $3.51 to $3.66 and then once it clears more key resistance at $3.89 with high volume. At last check, CETV has hit an intraday high of $3.58 and volume is well below its three-month average action of 711,930 shares.

Traders should now look for long-biased trades in CETV as long as it's trending above its 50-day at $3.47 or above some more key near-term support at $3.25, and then once it sustains a move or close above those breakout levels with volume that hits near or above 771,930 shares. If that breakout triggers soon, then CETV will set up to re-test or possibly take out its next major overhead resistance levels at $4.45 to $4.68. Any high-volume move above those levels will then put its next major overhead resistance levels at $4.75 to $5 into range for shares of CETV.

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 Madison, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, 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.