Stock Quotes in this Article: AMRN, BLDR, FRO, LPH, MEMS, PWAV, VTG

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 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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At Stockpickr, we have a complete daily list of fundamental and technical readings, like stocks rising on unusual volume and stocks with unusual option activity. Everything on our list can help you become a better trader or investor when you pick which equities you want to buy or sell.

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 moves to the upside today.

 

Amarin

Amarin (AMRN) is a clinical-stage biopharmaceutical company focused on developing improved treatments for cardiovascular disease. This stock is trading up 10.1% at $8.83 in recent trading.

Today’s Range: $7.77-$9

52-Week Range: $5.99-$19.87

Volume: 7.7 million

Three-Month Average Volume: 3.05 million

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From a technical perspective, AMRN is spiking big today and moving back above its 50-day moving average of $8.11 with monster volume. This move puts AMRN within range of triggering some near-term breakouts. Those breakouts will hit once $9.11 to $9.50 are taken out with volume.

A sustained high-volume move and close above those levels will signal that this stock wants to trend higher. Look for volume on that move that’s near or well above 3,053,130 shares. If we get that action soon, look for AMRN to challenge the mid-$11s.

Builders FirstSource

Builders FirstSource (BLDR) is a supplier and manufacturer of structural and related building products for residential new construction. This stock is trading up 8.6% at $3.90 in recent trading.

Today’s Range: $3.61-$3.96

52-Week Range: $1.01-$3.64

Volume: 748,000

Three-Month Average Volume: 211,318

Shares of BLDR are ripping higher today after BB&T upgraded the stock from hold to buy.

From a technical perspective, BLDR is following through today after breaking out recently above some major past overhead resistance at $3.39. At last check, volume today is well above the average action and the stock has tagged a daily high of $3.96.

As long as BLDR can continue to trend above $3.39, then this stock should easily hit its next major resistance levels at $4.30 to around $5.

Vantage Drilling

Vantage Drilling (VTG) is an international offshore drilling company focused on operating a fleet of drilling unit. This stock is trading up 3.4% at $1.52 in recent trading.

Today’s Range: $1.42-$1.58

52-Week Range: $0.97-$2.08

Volume: 2.7 million

Three-Month Average Volume: 1.7 million

Shares are VTG are moving nicely higher today after the company beat Wall Street earnings estimates by one cent, as revenues rose 42.9% year-over-year to $121.3 million vs. estimates of $119.85 million.

From a technical perspective, VTG is flirting with a major breakout trade today since the stock briefly crossed and touched above some near-term overhead resistance levels at $1.56 to $1.58 with monster volume.

Market players should now watch for a sustained high-volume move and close over $1.58 to signal that this stock wants to trend significantly higher. Look for volume on that move that’s near or well above 1.7 million shares. If we get that action soon, look for VTG to trade back toward $2 a share quickly.

Frontline

Frontline (FRO) is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers. This stock is trading up 8.4% at $5.95 in recent trading.

Today’s Range: $5.55-$5.96

52-Week Range: $2.52-$25.09

Volume: 3.6 million

Three-Month Average Volume: 1.77 million

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From a technical perspective, FRO is ripping nicely higher today on monster volume. This move now puts FRO within range of triggering a major breakout trade. That trade will hit once FRO takes out some overhead resistance at $6.10 to $6.62 with volume.

Look for volume on a move over those levels that’s near or well above 1,774,150 shares. If we get that action soon, look for FRO to make a run at its next significant overhead resistance level of $8.38 in the very near future.

Longwei Petroleum Investment

Longwei Petroleum Investment (LPH) is an energy company engaged in the wholesale distribution of finished petroleum products in the People’s Republic of China. This stock is trading up 14.1% to $1.62 in recent trading.

Today’s Range: $1.48-$1.72

52-Week Range: $0.82-$2.16

Volume: 1.4 million

Three-Month Average Volume: 252,777

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From a technical perspective, LPH is soaring higher today on very heavy volume. This move is quickly pushing LPH within range of triggering a major breakout trade. That breakout trade will trigger once LPH takes out some overhead resistance at $1.73 to $1.88 with high volume.

Look for volume on a move over those levels that are near or well above 252,777 shares. If we get that action soon, look for LPH to make a run at $2 to $2.30 in the very near future.

Powerwave

Powerwave (PWAV) designs, manufactures, and markets end-to-end wireless solutions for wireless communications networks worldwide. This stock is trading up 13.9% to $1.97 in recent trading.

Today’s Range: $1.73-$2.05

52-Week Range: $1.12-$24.35

Volume: 1.58 million

Three-Month Average Volume: 782,159

From a technical perspective, PWAV has started to flirt with a breakout trade today since the stock briefly crossed above some near-term overhead resistance at $2.04 with high-volume. Traders should continue to look for long biased trades if PWAV can manage to close near its daily high of $2.05.

If we get that action, then look for PWAV to trigger its next major breakout once it clears $2.17 with volume. Look for volume that’s near or well above 782,159 shares. This stock could easily tag $2.60 to $2.95 if those levels resistance levels are taken out with high-volume soon.

PWAV shows up on a list of 6 Tech Stocks to Avoid in 2012.

Memsic

Memsic (MEMS) provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. This stock is trading up 21.4% to $4.59 in recent trading.

Today’s Range: $3.76-$4.64

52-Week Range: $1.97-$4.00

Volume: 653,662

Three-Month Average Volume: 68,838

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From a technical perspective, MEMS has triggered a major breakout trade today once the stock took out some near-term overhead resistance at $4 with big volume. This move has pushed MEMS into 52-week high territory, which is bullish price action.

Traders should continue to look for long biased trades in this stock as long as it close near its daily high today of $4.40.

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.