Stock Quotes in this Article: ARRY, BYD, CLDX, VELT, 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-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.

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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.

Array Biopharma

Array Biopharma (ARRY) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 9.5% to $4.00 in recent trading.

Today’s Range: $3.66-$4.10

52-Week Range: $1.58-$3.80

Volume: 1.9 million

Three-Month Average Volume: 864,369

Shares of ARRY are spiking higher after the company released positive data on its lung cancer drug, selumetinib, as well as its new melanoma treatment.

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From a technical perspective, ARRY has started to flirt with a major breakout trade here since the stock is trending above some near-term overhead resistance at $3.73 to $3.80 with monster volume.

 

Traders should continue to look for long-biased trades in ARRY as long as it continues to trend above those overhead resistance levels with strong upside volume. I would consider upside volume that’s near or above 864,369 shares as bullish. The next potential target for ARRY is its 2010 high of $4.25.

Osiris Therapeutics

Osiris Therapeutics (OSIR) is a stem cell therapeutic company. It focuses on developing and marketing products to treat serious medical conditions in the inflammatory, autoimmune, orthopedic and cardiovascular areas. This stock is trading up 2% to $5.40 in recent trading.

Today’s Range: $5.32-$5.65

52-Week Range: $4.12-$8.39

Volume: 104,000

Three-Month Average Volume: 85,276

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From a technical perspective, OSIR has started to flirt with a major breakout trade here since the stock briefly moved above some near-term overhead resistance at $5.51 to $5.50 with above average volume. At last check, OSIR has moved off its daily high of $5.65 with shares changing hands around $5.40.

Traders should now look for long-biased trades as long as OSIR can maintain a trend above $5.51 with strong volume. Look for volume that’s near or well above 85,276 shares. If we get that action, then look for OSIR to re-test its February high of $6.09 in the near future. Keep in mind that if $6.09 would then get taken out with high volume, this stock has little overhead resistance until $7.50 to $8.

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 19% at $1.49 in recent trading.

Today’s Range: $1.30-$1.62

52-Week Range: $0.36-$3.54

Volume: 4.8 million

Three-Month Average Volume: 3.3 million

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From a technical perspective, GALE is soaring higher here on above average volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once GALE takes out some near-term overhead resistance at $1.43, and then its 50-day moving average of $1.61 with volume.

Traders should now look for long-biased trades off a sustained move or close above those levels with volume that’s near or above 3,272,970 shares. At last check, GALE has hit an intraday high of $1.63 and volume is well above its three-month average action of 3,272,970 shares. If we get that action today or soon, look for GALE to make a run at $1.80 to $2.20 in the near-term.

Velti

Velti (VELT) is a global provider of mobile marketing and advertising technology and solutions. This stock is trading up 9.6% at $6.27 in recent trading.

Today’s Range: $6.01-$6.70

52-Week Range: $5.61-$20.00

Volume: 3.9 million

Three-Month Average Volume: 1.15 million

From a technical perspective, VELT is bouncing off oversold levels here since its current relative strength index reading is 22.64. This oversold condition was created once VELT plunged yesterday from $9.30 to a low of $5.61 with heavy volume.

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Traders should now look for long-biased trades if VELT can hold that recent low of $5.61, and then take out today’s high of $6.70 with volume. A move over $6.70 with volume should lead to more upside towards $7 to $8 in the near future. Look for a move over $6.70 with volume that’s near or well above 1.15 million shares.

I would avoid this stock if it takes out today’s low of $5.72 and then yesterday’s low of $5.61 with high volume.

KongZhong

KongZhong (KONG) is a provider of digital entertainment services for consumers in the People’s Republic of China. This stock is trading up 9.4% to $6.48 in recent trading.

Today’s Range: $6.11-$6.80

52-Week Range: $3.41-$7.32

Volume: 500,000

Three-Month Average Volume: 70,121

From a technical perspective, KONG has triggered a major breakout trade here since the stock has moved above some past overhead resistance at $6.20 with monster volume.

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Traders should now look for long-biased trades as long as KONG is trending above $6.20 with strong upside volume flows. I would consider any upside volume that’s near or above 70,121 shares as bullish. If KONG can keep its trend above $6.20, and then take out today’s high of $6.80 with volume, it could easily hit its next significant overhead resistance level near $7.50 to $8 in the near future.

Celldex Therapeutics

Celldex Therapeutics (CLDX) is a biopharmaceutical company, which applies its Precision Targeted Immunotherapy Platform to generate a pipeline of candidates to treat cancer and other difficult-to-treat diseases. This stock is trading up 3.1% at $4.54 in recent trading.

Today’s Range: $4.47-$4.62

52-Week Range: $2.05-$5.66

Volume: 858,000

Three-Month Average Volume: 1.1 million

Shares of CLDX are trading sharply higher in front of the company’s upcoming catalyst. On May 23, CLDX will release data on its Phase IIb clinical trial for CDX-011, the company’s investigative treatment for breast cancer.

From a technical perspective, CLDX has started to move back above its 50-day moving average today of $4.44 on decent volume. This move is quickly pushing CLDX within range of triggering a near-term breakout trade. That trade will hit once CLDX takes out some near-term overhead resistance at $4.78 with high-volume.

Traders should now look for long-biased trades once CLDX sustains a move or close above $4.78 with volume that’s near or well above 1,124,690 shares. If we get that action soon, look for CLDX to tag its next significant overhead resistance levels at $5.47 to $5.66 in the near future.

Boyd Gaming

Boyd Gaming (BYD) is a multi-jurisdictional gaming company. This stock is trading up 5.3% at $7.34 in recent trading.

Today’s Range: $7.30-$7.67

52-Week Range: $4.12-$9.83

Volume: 1.4 million

Three-Month Average Volume: 1.7 million

From a technical perspective, BYD is gapping up sharply higher here with decent volume right off its 200-day moving average of $7.06. Traders should now look for long-biased trades if BYD can manage to take out some near-term overhead resistance at $7.51, and then its 50-day moving average of $7.80 with high-volume.

Look for a sustained move or close above those levels with volume that’s near or above 1.7 million shares. If we get that action soon, I would then add to any long positions once BYD triggers an even bigger breakout trade above $8.52 with volume. A move over $8.52 with volume will set BYD up to re-test its 2012 high of $9.75.

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.