Stock Quotes in this Article: AONE, CEDC, EMMS, HTCH, IVAC, KONA, SPWR

 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 upgrade.

>>5 Breakout Trades to Take On in May

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.

 

Central European Distribution

Central European Distribution (CEDC) operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe’s integrated spirit beverages business. This stock is trading up 12.7% at $5.50 in recent trading.

Today’s Range: $4.90-$5.77

52-Week Range: $2.75-$12.66

Volume: 1.31 million

Three-Month Average Volume: 1.23 million

>>12 Highest-Rated Consumer Stocks Picked by S&P

From a technical perspective, CEDC is moving sharply higher here right off its 50-day moving average of $4.84, and within range of taking out its 200-day moving average of $5.53 on above average volume. This move is quickly pushing CEDC within range of triggering a near-term breakout trade. That trade will hit once CEDC can sustain a high-volume move or close above some near-term overhead resistance at $5.64 and above its 200-day.

Traders should now look for long-biased trades if CEDC can manage to close above both of those levels today or soon with volume that’s near or well above 1.23 million. If we get that action, look for CEDC to hit its next significant overhead resistance levels at $6.38 to $7.50 in the near future.

Hutchinson Technology

Hutchinson Technology (HTCH) is a global technology manufacturer. The company is a supplier of suspension assemblies for hard disk drives. This stock is trading up 10% at $2.25 in recent trading.

Today’s Range: $2.10-$2.28

52-Week Range: $1.31-$3.42

Volume: 422,000

Three-Month Average Volume: 160,239

>>3 Tech Stocks to Buy on a Pullback

From a technical perspective, HTCH is ripping higher here back above its 50-day moving average of $2.16 with monster volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once HTCH can break out above $2.35 to $2.60 with high-volume.

Traders should now look for long-biased trades if HTCH can sustain a move or close above those levels with volume that’s near or well above 160,239 shares. If we get that action soon, then HTCH has a great chance to hit its August of 2011 high of $3.42.

Kona Grill

Kona Grill (KONA) owns and operates 24 upscale casual dining restaurants in 15 states, in the United States. This stock is trading up 6.3% at $7.16 in recent trading.

Today’s Range: $7.07-$7.69

52-Week Range: $3.97-$7.90

Volume: 326,000

Three-Month Average Volume: 78,842

Shares of KONA are soaring higher today after the company reported it swing to a first quarter net income of 13 cents per share versus a net loss of 1 cent per share in the same period a year ago. Revenue was $24.2 million, up from $22.2 million in the same quarter last year.

>>Stocks Hitting 52-Week Highs

From a technical perspective, KONA is gapping sharply higher here as the stock flirts with breaking out above some near-term overhead resistance at $7.30 to $7.90 with heavy volume. At last check, KONA has hit an intraday high of $7.69 on volume that’s well above its three-month average action of 78,842 shares.

Traders should now look for long-biased trades if KONA can manage to sustain a high-volume move or close above $7.30 to $7.90. If we get that action soon, then look for KONA to hit $10 in the near future. I would avoid any long trades in KNOA if it fails to trigger that breakout, and then moves back below today’s low of $7.07 with strong volume.

Intevac

Intevac (IVAC) provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic industry. This stock is trading up 12.2% at $9.05 in recent trading.

Today’s Range: $8.66-$9.35

52-Week Range: $6.11-$12.03

Volume: 128,000

Three-Month Average Volume: 78,595

Shares of IVAC are skyrocketing today after Needham & Company reiterated its buy rating on the stock and its $10 price target.

>>6 Tech Stocks That Rate Better Than Apple

From a technical perspective, IVAC is gapping sharply higher here as the stock moves within range of triggering a major breakout trade. That trade will hit once IVAC can manage to sustain a high-volume move or close above some past overhead resistance at $9.25. At last check, IVAC has hit an intraday high of $9.36 on volume that’s well above its average action.

Traders should now look for long-biased trades if IVAC is trending above $9.25 with volume that’s near or well above 78,595 shares. If we get that action soon, look for IVAC to tag its next significant overhead resistance levels at $10.30 to $11 in the near future.

A123 Systems

A123 Systems (AONE) provides products, technologies and services in the building products, construction materials and energy industries. This stock is trading up 10% to $1.13 in recent trading.

Today’s Range: $1.02-$1.17

52-Week Range: $0.82-$6.25

Volume: 1.3 million

Three-Month Average Volume: 3.7 million

>>Stocks Rising on Unusual Volume

From a technical perspective, AONE is ripping higher here on light volume. This move is quickly pushing the stock within range of triggering a major near-term breakout trade. That trade will hit once AONE takes out some near-term overhead resistance at $1.23 and then its 50-day moving average of $1.38 with heavy volume.

Traders should now look for long-biased trades in AONE if it can sustain a move or close above those levels with volume that’s near or well above 3.7 million shares. If that breakout triggers soon, look for AONE to skyrocket towards its next significant overhead resistance levels at $1.77 to $2.06 in the near future.

SunPower

SunPower (SPWR) is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. This stock is trading up 18% to $6.63 in recent trading.

Today’s Range: $6.06-$6.68

52-Week Range: $4.94-$23.36

Volume: 1.7 million

Three-Month Average Volume: 1 million

Shares of SPWR are surging higher today after Citigroup analyst Timothy Arcuri said that there are signs that the beleaguered sector is nearing a bottom. He raised his rating on Sunpower to buy from hold.

From a technical perspective, SPWR is gapping up huge here on above average volume. This move has triggered a near-term breakout move above $6.20, and it’s pushing the stock close to taking out its 50-day moving average of $6.63.

Traders should now look for long-biased trades in SPWR if it can manage to close back above its 50-day with high-volume. At last check, SPWR has hit an intraday high of $6.68 and volume is well above its average action. If we get that close back above the 50-day today, then look for SPWR to continue its uptrend towards its next major overhead resistance level at $7.95.

SunPower shows up on a list of Solar Stocks That May Not Survive to 2014.

Emmis Communications

Emmis Communications (EMMS) is a diversified media company, principally focused on radio broadcasting. This stock is trading up 9.7% to $1.35 in recent trading.

Today’s Range: $1.21-$1.42

52-Week Range: $0.58-$1.25

Volume: 404,000

Three-Month Average Volume: 169,111

Shares of EMMS are soaring today ahead of its quarterly earnings report which is due out on Thursday May 10.

From a technical perspective, EMMS is soaring higher here as the stock follows through off some recent upside momentum. In just the last four trading sessions, EMMS has skyrocketed from around 85 cents to today’s high of $1.42. This move has pushed the stock into overbought territory since its relative strength index is now 86.85.

Overbought can always get more overbought, so traders should continue to look for long-biased trades if EMMS can manage to close above some past overhead resistance $1.40 with high-volume. That $1.40 level is the high for EMMS in 2011, so a close above that level could setup this stock for continued uptrend towards its next significant overhead resistance levels at $2.18 to $2.45.

Traders should stay bullish on this stock as long as EMMS is trending above $1.40 with strong upside volume flows.

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.

RELATED LINKS:

>>5 Earnings Stocks Poised to Pop
>>7 Dividend Stocks That Want to Pay You More Money

>>5 Big Stocks to Trade for Gains

Follow Stockpickr on Twitter and become a fan on Facebook.

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.