Stock Quotes in this Article: AMRC, MTG, PQ, REED, BCOV

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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MGIC Investment

MGIC Investment (MTG) is a provider of private mortgage insurance in the U.S. This stock is trading up 6.1% to $5.85 in recent trading.

Today's Range: $5.51-$5.91

52-Week Range: $0.66-$6.19

Volume: 11.48 million

Three-Month Average Volume: 20.49 million

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From a technical perspective, MTG is ripping higher here and breaking out above some near-term overhead resistance levels at $5.59 to $5.78 with lighter-than-average volume. This move is quickly pushing shares of MTG within range of triggering an even bigger breakout trade. That trade will hit if MTG manages to clear its 52-week high at $6.19 with high volume.

Traders should now look for long-biased trades in MTG as long as it's trending above $5.50 and then once it sustains a move or close above $5.78 to $6.19 with volume that hits near or above 20.49 million shares. If that breakout triggers soon, then MTG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $7 to $8.

Reeds

Reeds (REED) develops, manufactures, markets and sells natural non-alcoholic and "new age" beverages, candies and ice creams. This stock is trading up 11.2% to $4.61 in recent trading.

Today's Range: $4.13-$4.61

52-Week Range: $2.21-$8.82

Volume: 105,000

Three-Month Average Volume: 60,349

Shares of REED are ripping higher today after the company said first-quarter revenues for 2013 increased by 24% to over $8 million from $6.5 million in the first quarter of 2012.

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From a technical perspective, REED is trending higher here back above its 50-day moving average at $4.24 with above-average volume. This stock has been trending sideways for the last month and change, with shares moving between $3.80 on the downside and $4.75 on the upside. Shares of REED are now quickly moving within range of triggering a breakout trade above the upper-end of its recent range. That breakout will hit if REED clears some near-term overhead resistance levels at $4.47 to $4.75 with high volume.

Traders should now look for long-biased trades in REED as long as it's trending above today's low of $4.13 and then once it sustains a move or close above those breakout levels with volume that hits near or above 60,349 shares. If that breakout hits soon, then REED will set up to re-test or possibly take out its next major overhead resistance levels at $5.60 to $6.

Petroquest Energy

Petroquest Energy (PQ) is an independent oil and gas company with operations in Oklahoma, Texas, the Gulf Coast Basin, Arkansas and Wyoming. This stock is trading up 8.1% to $4.56 in recent trading.

Today's Range: $4.30-$4.56

52-Week Range: $3.55-$7.05

Volume: 321,000

Three-Month Average Volume: 433,633

Shares of PQ are trending higher here after the company delivered a profit that beat Wall Street expectations but came in below the Street's revenue expectations. Revenue fell 0.11% to $36 million from the year-earlier period.

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From a technical perspective, PQ is soaring higher here back above its 50-day moving average at $4.25 with lighter-than-average volume. This stock has been trending sideways for the last month and change, with shares moving between $3.93 on the downside and $4.79 on the upside. This move is quickly pushing shares of PQ within distance of a breakout trade above the upper-end of its recent range. That breakout will hit if PQ manages to take out some near-term overhead resistance levels at $4.54 to $4.79 with high volume.

Traders should now look for long-biased trades in PQ as long as it's trending above its 50-day at $4.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 433,633 shares. If that breakout triggers soon, then PQ will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $5.29 to $5.50. Any high-volume move above those levels will then put $6 to $6.25 into range for shares of PQ.

Ameresco

Ameresco (AMRC) provides energy efficiency solutions for facilities throughout North America. This stock is trading up 8.8% to $7.73 in recent trading.

Today's Range: $7.11-$7.76

52-Week Range: $6.56-$13.03

Volume: 193,000

Three-Month Average Volume: 129,167

Shares of AMRC are soaring higher ahead of the company's earnings report, which is due out on May 9 before the market opens.

From a technical perspective, AMRC is ripping to the upside here right off some near-term support at $7.01 and back above its 50-day at $7.46 with above-average volume. This move is quickly pushing shares of AMRC within range of triggering a breakout trade. That trade will hit if AMRC manages to take out some near-term overhead resistance levels at $7.81 to $8.22 with high volume.

Traders should now look for long-biased trades in AMRC as long as it's trending above $50-day at $7.46 or above $7.25 and then once it sustains a move or close above $7.81 to $8.22 with volume that hits near or above 129,167 shares. If that breakout triggers soon, then AMRC will set up to re-test or possibly take out its next major overhead resistance levels at $8.54 to $9

Traders should look to trade this breakout before or after earnings, but holding through earnings always holds additional risks that could change the dynamics of the technical setup.

Brightcove

Brightcove (BCOV) is a global provider of cloud-based solutions for publishing and distributing professional digital media. This stock is trading up 3.2% to $7.35 in recent trading.

Today's Range: $7.11-$7.63

52-Week Range: $4.89-$17.20

Volume: 221,000

Three-Month Average Volume: 381,292

From a technical perspective, BCOV is bouncing higher here right off some near-term support at $7 with lighter-than-average volume. This stock recently gapped up sharply from under $6 to its recent high of $7.98 with heavy upside volume. Shares of BCOV are now flagging and the stock is quickly moving within range of triggering a breakout trade. That trade will hit if BCOV manages to take out its recent high off that gap at $7.98 with high volume.

Traders should now look for long-biased trades in BCOV as long as it's trending above some key near-term support at $7 and then once it sustains a move or close above today's high of $7.63 and then $7.98 with volume that hits near or above 381,292 shares. If that breakout hits soon, then BCOV will set up to re-fill its previous gap down zone from February that started close to $9. Any high-volume move above $9 will then put its 200-day at $9.68 to $10.25 into range for shares of BCOV.

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.