Stock Quotes in this Article: CSUN, NPSP, SQNM, AMRS, 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.

 

Sequenom

Sequenom (SQNM) is a molecular diagnostic testing and genetics analysis company committed to providing molecular diagnostic testing services, and research use only products, services, applications, and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural, livestock, and other areas of research. This stock is trading up 10% to $4.10 in recent trading.

Today’s Range: $3.84-$4.19

52-Week Range: $3.46-$8.01

Volume: 3.55 million

Three-Month Average Volume: 3.6 million

Shares of SQNM are ripping higher today after Maxim Group started coverage on the stock with a buy rating and a $6 price target.

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From a technical perspective, SQNM is skyrocketing higher here with decent volume, and this move has pushed the stock into near-term breakout territory since it’s cleared some overhead resistance at $3.85.

Traders should now look for long-biased trades once SQNM triggers its next major breakout. That breakout will hit once SQNM takes out $4.20 and then both its 50-day at $4.43 and its 200-day at $4.49 with high-volume. Look for a sustained move or close above those levels with volume that’s near or above 3.6 million shares. If we get that action soon, then look for SQNM to hit its next significant overhead resistance levels at $5.20 to $5.44 in the near future.

Sky Mobi

Sky Mobi (MOBI) is a mobile application store in China. Sky Mobi operates mobile social games and provide applications and content with social network functions to its registered members. This stock is trading up 11% to $2.23 in recent trading.

Today’s Range: $2.02-$2.42

52-Week Range: $1.85-$11.87

Volume: 243,000

Three-Month Average Volume: 150,852

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From a technical perspective, MOBI is moving sharply higher here with above average. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once MOBI takes out some near-term overhead resistance at $2.13 to $2.25 with high-volume. At last check, MOBI has hit an intraday high of $2.42 and volume so far is well above its three-month average action.

Traders should now look for long-biased trades if MOBI can sustain a move or close above $2.15 to $2.25 with volume that’s near or above 150,852 shares. If we get that action today, then this stock could re-test and possibly take out its 50-day moving average of $2.56. In fact, it could hit $3 to $3.50 if that 50-day gets taken out with heavy volume.

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 24% at $1.60 in recent trading.

Today’s Range: $1.33-$1.64

52-Week Range: $0.36-$3.54

Volume: 5.6 million

Three-Month Average Volume: 3.3 million

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From a technical perspective, GALE is bouncing big here right off its 50-day moving average of $1.38 with heavy volume. This move is quickly pushing GALE within range of triggering a near-term breakout trade. That trade will hit once GALE takes out some near-term overhead resistance at $1.60 to $1.63 with high volume.

Traders should now look for long-biased trades if GALE can sustain a move or close above those levels with volume that’s near or above 3.3 million shares. If we get that action today or soon, then look for GALE to continue its uptrend towards its next significant overhead resistance levels at $1.88 to $2. Keep in mind that it’s also possible for this stock to hit $2.45 if it takes out $1.88 with heavy volume.

Sun Bancorp

Sun Bancorp (SNBC) is a bank holding company. Sun Bancorp provides an array of commercial and retail banking services. This stock is trading up 4.3% at $2.63 in recent trading.

Today’s Range: $2.52-$2.69

52-Week Range: $2.11-$3.86

Volume: 257,000

Three-Month Average Volume: 145,734

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From a technical perspective, SNBC is moving higher here right off some near-term support at $2.50 with above average volume. This move is pushing SNBC very close to its 50-day moving average of $2.66, which it briefly surpassed in intraday trading after hitting a high of $2.69.

Traders should now look for long-biased trades if SNBC can trigger a major breakout trade back above its 50-day at $2.66 and its 200-day at $2.79 with high-volume. Look for a sustained move or close above those levels with volume that’s near or above 145,734 shares. If we get that action soon, then SNBC has a great chance of re-testing and possibly taking out its next significant overhead resistance levels at $3.03 to $3.20.

Sun Bancorp was one of 7 Stocks for 2012 From a Bank Stock Guru.

NPS Pharmaceuticals

NPS Pharmaceuticals (NPSP) is a clinical-stage biopharmaceutical company. NPS Pharma is focused on the development of orphan products for patients with rare gastrointestinal and endocrine disorders and high unmet medical needs. This stock is trading up 7% at $7.26 in recent trading.

Today’s Range: $6.77-$7.27

52-Week Range: $4.35-$10.33

Volume: 755,000

Three-Month Average Volume: 672,986

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From a technical perspective, NPSP is soaring here back above its 50-day moving average of $7.18 with above average volume. This move is now setting NPSP up for a much larger trend higher.

Traders should continue to look for long-biased trades as long as NPSP is trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 672,986 shares as bullish. If we continue to see that trend, then look for NPSP to re-test $7.60 and then possibly fill a previous gap back towards $8 to $8.35. This stock has some major overhead resistance at $8.35 to $8.48, so if it were to take those levels out with volume it would be very bullish in the near-term.

On the flipside, I would avoid this stock or look for short-biased trades if it fails to get into that gap, or if it drops back below its 50-day with heavy volume.

China Sunergy

China Sunergy (CSUN) manufactures its solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. This stock is trading up 10.4% at $1.58 in recent trading.

Today’s Range: $1.44-$1.60

52-Week Range: $1.04-$6.75

Volume: 55,000

Three-Month Average Volume: 37,872

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From a technical perspective, CSUN is ripping here back above its 50-day moving average of $1.51 with above average volume. This move is quickly pushing CSUN within range of triggering a near-term breakout trade. That trade will hit once CSUN takes out some near-term overhead resistance at $1.58 to $1.75 with high-volume.

Traders should now look for long-biased trades in CSUN as long as its trending above its 50-day, and once it sustains a move or close above $1.58 to $1.75 with volume that’s near or above 37,872 shares. If we get that action soon, then CSUN could make a run at $1.96 to its 200-day moving average of $2.26.

Amyris

Amyris (AMRS) is an integrated renewable products company, provides alternatives to a range of petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. This stock is trading up 5.7% to $3.30 in recent trading.

Today’s Range: $3.02-$3.45

52-Week Range: $1.57-$30.78

Volume: 763,000

Three-Month Average Volume: 644,358

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From a technical perspective, AMRS is showing continued momentum here after the stock took out its 50-day moving average of $2.73 on Monday. Volume so far today is strong as the stock moves within range of trigger a near-term breakout trade. That trade will hit once AMRS takes out some near-term overhead resistance at $3.53 to $3.89 with high-volume.

Traders should now look for long-biased trades if AMRS can sustain a move or close above $3.53 to $3.89 with volume that’s near or above 644,358 shares. If we get that action soon, then this stock could have substantial upside back towards its next major overhead resistance level at $6 to $6.69.

Keep in mind that AMRS will only have a chance of hitting those targets if it maintains a trend above $3.53 to $3.89 with strong upside volume flows.

Eagle Bulk Shipping

Eagle Bulk Shipping (EGLE) is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. This stock is trading up 12.4% to $3.16 in recent trading.

Today’s Range: $2.76-$3.37

52-Week Range: $2.51-$11.00

Volume: 492,000

Three-Month Average Volume: 207,366

From a technical perspective, EGLE is ripping higher here on above average volume, and the stock has briefly flirted with a near-term breakout trade at $3.37. This move is coming after EGLE recently formed a double bottom at around $2.51 to $2.52. At last check, EGLE has hit an intraday high of $3.37 and volume is well above its three-month average action.

Traders should now look for long-biased trades if EGLE can manage to sustain a move or close above $3.37 with volume that’s near or above 207,366 shares. If we get that action today or soon, then EGLE has a solid chance of re-testing and possibly taking out its next significant overhead resistance levels at $4.28 and its 50-day at $4.68.

Keep in mind that long trades should only be consider if EGLE is trending above $3.37 with heavy volume.

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.