Stock Quotes in this Article: ELON, SBSA, VRNM, VRS, GALE

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 % moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst like a recent earnings release. Sometimes stocks making big % moves have been hit with an analyst upgrade or an analyst upgrade.

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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 percentage moves to the upside today.

Spanish Broadcasting Systems

Spanish Broadcasting Systems (SBSA) operates as a Hispanic-controlled media and entertainment company in the United States. This stock is trading up 4.6% at $4.31 in recent trading.
Today’s Range: $4.07-$4.47

52-Week Range: $0.95-$9.80

Volume: 134,247

Three-Month Average Volume: 184,627

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From a technical perspective, SBSA is spiking higher today on decent volume right around its 200-day moving average of $3.68. This move is quickly pushing SBSA within range of triggering a major near-term breakout. That breakout will hit once SBSA takes out $4.65 to $4.89 (its 50-day) with high-volume.

Traders should now look for long-biased trades once SBSA sustains a move and close above those levels with volume that’s near or well above 184,627 shares. If we get that action soon, look for SBSA to make a run at $5.50 to $6.

Echelon

Echelon (ELON) develops, markets, and supports energy control networking solutions worldwide. This stock is trading up 6.4% at $4.49 in recent trading.

Today’s Range: $4.19-$4.56

52-Week Range: $4.16-$10.72

Volume: 227,000

Three-Month Average Volume: 161,811

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From a technical perspective, ELON is bouncing big right off its 52-week low of $4.16 with decent volume.

Traders should only look for long-biased trades in ELON if this stock can manage to trigger a near-term breakout above $4.75 with volume. Look for a sustained move and close over $4.75 with volume that’s near or greater than 161,811 shares. If we get that action soon, then ELON could quickly tag its 50-day moving average at $5.16 or its next major overhead resistance level at $5.48 in the near future.

I would avoid any long trades in ELON as long as this stock is trading below $4.75.

Galena Biopharma

Galena Biopharma (GALE) is a biotechnology company focused on discovering, developing and commercializing therapies addressing unmet medical needs using RNAi-targeted and immunotherapy technologies. This stock is trading up 14.5% at $2.29 in recent trading.

Today’s Range: $2.19-$2.45

52-Week Range: $0.36-$3.54

Volume: 4.8 million

Three-Month Average Volume: 2.5 million

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From a technical perspective, GALE is gapping sharply higher today on big volume right off some near-term support at $1.85. That $1.85 support level was hit after this stock just dropped from its March high of $3.54.

Traders should now look for long-biased trades if GALE can manage to close near its daily highs, and if it can manage to break out above $2.75 with volume. Look for a sustained move and close over $2.75 with volume that registers near or well above 2,532,010 shares. If we get that action soon, look for GALE to make an attempt at re-testing that $3.54 area.

Verenium

Verenium (VRNM) is a biotechnology company, develops, manufactures, and commercializes enzymes for industrial processes in North America, Europe, South America and Asia.. This stock is trading up 6.9% to $4.06 in recent trading.

Today’s Range: $3.73-$4.13

52-Week Range: $1.35-$4.15

Volume: 246,000

Three-Month Average Volume: 95,186

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From a technical perspective, VRNM is ripping higher today on heavy volume, and the stock is now quickly approaching a near-tem breakout trade. That breakout will hit once VRNM can manage to take out $4.15 with high-volume.

Traders should look for long-biased trades if VRNM can sustain a move and close over $4.15 with volume that’s near or above 95,186 shares. If we get that action soon, look for VRNM to hit its next major overhead resistance level $4.68 very quickly.

Verso Paper

Verso Paper (VRS) is a supplier of coated papers to catalog and magazine publishers. This stock is trading up 9.6% to $1.77 in recent trading.

Today’s Range: $1.64-$1.90

52-Week Range: $0.85-$5.44

Volume: 334,000

Three-Month Average Volume: 194,560

From a technical perspective, VRS is ripping higher today on heavy volume, and the stock is challenging its 200-day moving average of $1.74.

Traders should continue to look for long-biased trades in VRS as long as this stock can manage to close above that 200-day moving average and near its daily highs. If we get that action, then look for VRS to make a run at $2.20 or higher in the near-term.

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.