Stock Quotes in this Article: BDSI, DUSA, FXEN, NTWK, SNTA

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

NetSol Technologies

NetSol Technologies (NTWK) designs, develops, markets and exports software products to customers in the automobile finance and leasing, banking, health care and financial services industries worldwide. This stock is trading up 5.9% at $5.72 in recent trading.

Today’s Range: $5.40-$5.78

52-Week Range: $3.50-$9.50

Volume: 129,000

Three-Month Average Volume: 76,211

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From a technical perspective, NTWK is bouncing strong here right off some near-term support at $5.40 with above-average volume. This move is quickly pushing NTWK within range of triggering a major breakout trade. That trade will hit once NTWK takes out some overhead resistance levels at $6.20 to $6.30 with high volume.

Traders should now look for long-biased trades in NTWK as long as it’s trending above $5.36 and then once it sustains a move or close above those breakout levels with volume that’s near or above 76,211 shares. If that breakout triggers soon, then NTWK will have a great chance of trending north of $7 a share. The next major overhead resistance sits at $9.50, but that’s a stretch in a short-term timeframe from current levels.

BioDelivery Sciences International

BioDelivery Sciences International (BDSI) is a specialty pharmaceutical company that is utilizing licensed and owned proprietary drug delivery technologies to develop and commercialize new formulations of proven therapeutics. This stock is trading up 7.3% at $5.82 in recent trading.

Today’s Range: $5.44-$6

52-Week Range: $0.77-$5.87

Volume: 1 million

Three-Month Average Volume: 267,031

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Shares of BDSI are ripping higher today after the company received some positive news from a drug trial of is potential treatment for opioid dependence BNX. Based on that positive study, BDSI expects it will be able to submit a new drug application to the FDA for the second quarter of 2013.

From a technical perspective, BDSI is trending higher here with monster volume. This move has pushed BDSI briefly into breakout territory, since the stock has flirted with some near-term overhead resistance at $5.87. At last check, BDSI has hit an intraday high of $6 and volume is well above its three-month average action of 267,031 shares.

Traders should now look for long-biased trades in BDSI as long as it’s trending above some near-term support at $5.23, or at least above its 50-day at $4.88 with strong upside volume flows. I would consider any upside volume day that registers near or above 267,031 a shares as bullish. If BDSI can continue to hold that trend, then I expect to see this stock head well north of $6 in the near future. Keep in mind that any move above $6 will push BDSI into new 52-week-high territory, which is bullish technical price action.

FX Energy

FX Energy (FXEN) is an independent oil and gas exploration and production company with production, appraisal and exploration activities in Poland. This stock is trading up 6.1% at $8.46 in recent trading.

Today’s Range: $7.95-$8.51

52-Week Range: $3.67-$8.25

Volume: 534,000

Three-Month Average Volume: 319,451

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From a technical perspective, FXEN is ripping solidly to the upside here with above-average volume. This move has spiked FXEN into breakout territory, since the stock has pushed above some near-term overhead resistance levels at $8.19 to $8.25.

Traders should now look for long-biased trades in FXEN as long as it’s trending above $7.75 with strong upside volume flows. I would consider any upside volume day that registers near or above 319,451 shares as bullish. If FXEN can maintain that trend, especially above those breakout levels, then this stock will have a great chance of re-testing or possibly taking out its next significant overhead resistance level at $10.

Synta Pharmaceuticals

Synta Pharmaceuticals (SNTA) is a biopharmaceutical company focused on discovering, developing and commercializing small molecule drugs to extend and enhance the lives of patients with severe medical conditions, including cancer and chronic inflammatory diseases. This stock is trading up 6.7% to $8.23 in recent trading.

Today’s Range: $7.71-$8.24

52-Week Range: $3.02-$8.04

Volume: 294,000

Three-Month Average Volume: 904,392

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From a technical perspective, SNTA is soaring higher here right off some near-term support at $7.70 with light volume. This move is quickly pushing SNTA within range of triggering a major breakout trade. That trade will hit once SNTA manages to clear some overhead resistance levels at $8.21 to $8.50 with high volume.

Traders should now look for long-biased trades in SNTA as long as it’s trending above $7.70, and then once it sustains a move or close above those breakout levels with volume that’s near or above 904,392 shares. If that breakout hits soon, then look for SNTA to tag $10 in the near future.

Dusa Pharmaceuticals

Dusa Pharmaceuticals (DUSA) is a vertically integrated dermatology that is developing and marketing Levulan photodynamic therapy. This stock is trading up 7.4% to $5.78 in recent trading.

Today’s Range: $5.44-$5.89

52-Week Range: $3.25-$6.62

Volume: 88,000

Three-Month Average Volume: 74,906

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From a technical perspective, DUSA is ripping to the upside here right off its 50-day moving average of $5.45 with above-average volume. This move is quickly pushing DUSA within range of triggering a near-term breakout trade. That trade will hit once DUSA manages to clear some near-term overhead resistance levels of $5.77 to $5.91, and then $6.16 with high volume. At last check, DUSA has hit an intraday high of $5.88 and volume is just starting to eclipse its three-month average volume of 74,906 shares.

Traders should now look for long-biased trades in DUSA as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 74,906 shares. If that breakout triggers soon, then DUSA will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $6.62 to $6.83. If that $6.83 level gets taken out, then DUSA will hit a new three-year high, which is bullish technical price action.

To see more stocks under-$10 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 stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.