Stock Quotes in this Article: DRRX, KITD, SGYP, GALE, ZLCS

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 downgrade.

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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.

 

Synergy Pharmaceuticals

Synergy Pharmaceuticals (

>>SGYP), a development stage biopharmaceutical company, engages in the development of drugs to treat gastrointestinal disorders and diseases in the U.S. This stock is trading up 6.8% to $5.18 in recent trading.

Today’s Range: $4.75-$5.24

52-Week Range: $1.86-$7.08

Volume: 981,000

Three-Month Average Volume: 314,102

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From a technical perspective, SGYP is ripping higher here right off some near-term support at $4.75 with monster volume. This move has also pushed SGYP into breakout territory, since the stock has moved above some near-term overhead resistance at $4.84.

Traders should now look for long-biased trades off the next major breakout for SGYP. That breakout will trigger once this stock takes out $5.20 with high volume. Look for a sustained move or close above that level with volume that’s near or above 314,102 shares. At last check, SGYP has hit an intraday high of $5.24 and volume is well above 314,102 shares. If SGYP can hold a trend above $5.20, then this stock has a great chance of trading higher towards $6 to $7 in the near future.

Durect

Durect (

>>DRRX) is a specialty pharmaceutical company focused on the development of pharmaceutical products based on its drug delivery technology platforms. This stock is trading up 3.9% to $1.05 in recent trading.

Today’s Range: $1.03-$1.08

52-Week Range: $0.68-$1.90

Volume: 107,000

Three-Month Average Volume: 451,715

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From a technical perspective, DRRX is moving notably higher here with light volume. This move is coming after DRRX recently bounced off its 200-day at 92 cents, and recaptured its 50-day at $1.00.

Traders should now look for long-biased trades in DRRX as long as it’s trending above its 200-day at 92 cents with strong upside volume flows. I would consider any upside volume day that registers near or above 451,715 shares as bullish. If DRRX can hold that trend, then this stock has a great chance of taking out its July high of $1.25 in the near future. Any high-volume move above $1.25 will give DRRX a great chance of trading up towards its next major overhead resistance at $1.90.

Zalicus

Zalicus (

>>ZLCS) is a biopharmaceutical company that discovers and develops treatments for patients suffering from pain and immuno-inflammatory diseases. This stock is trading up 2% at $1.41 in recent trading.

Today’s Range: $1.38-$1.44

52-Week Range: $0.72-$1.62

Volume: 2.3 million

Three-Month Average Volume: 3.2 million

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From a technical perspective, ZLCS is moving modestly higher here with decent volume. This stock has been uptrending strong since it hit a near-term bottom of 95 cents in July, and then went on to hit its recent high of $1.49. Shares of ZLCS spiked large a few days ago to that $1.49 high, and then pulled back to $1.30, but have started to bounce again.

Traders should now look for long-biased trades in ZLCS once it manages to trigger a major breakout above some key overhead resistance levels at $1.49 to $1.62 with high volume. Look for a sustained move or close above those levels with volume that’s near or above 3,229,370 shares. If that breakout triggers soon, then ZLCS will have a great chance of re-testing or possibly taking out its next major overhead resistance level at $1.80 to $2. Traders should key off of near-term support levels at $1.30 to $1.20 if you buy off weakness to anticipate that breakout.

KIT Digital

KIT Digital (

>>KITD) is a provider of end-to-end video management software and services. This stock is trading up 4.3% at $3.14 in recent trading.

Today’s Range: $3.07-$3.22

52-Week Range: $2.64-$12.65

Volume: 389,000

Three-Month Average Volume: 752,422

From a technical perspective, KITD is moving sharply higher here with light volume. This move is coming after KITD recently formed a triple bottom chart pattern at $2.64, $2.65 and $2.67. Now shares of KITD are quickly moving within range of triggering a major breakout trade. That trade will hit once KITD takes out some near-term overhead resistance levels at $3.16 to $3.55, and then $3.82 with high volume.

Traders should now look for long-biased trades once KITD starts to clear those levels with volume that’s near or above 752,422 shares. I would consider it very bullish if KITD can start to close above its 50-day moving average of $3.55 with strong upside volume flows. At last check, KITD has hit an intraday high of $3.23 and volume is well below its three-month average action of 752,422 shares. If KITD starts to breakout soon, then this stock has a chance of re-testing or possibly taking out its next major overhead resistance levels at $4.50 to $4.80.

PowerSecure International

PowerSecure International (

>>POWR) is a provider of products and services to electric utilities and to their commercial, institutional and industrial customers. This stock is trading up 8.9% at $5.14 in recent trading.

Today’s Range: $4.64-$5.24

52-Week Range: $3.78-$6.97

Volume: 82,000

Three-Month Average Volume: 105,270

From a technical perspective, POWR is bouncing powerfully right off its 50-day moving average of $4.66 here with decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once POWR takes out its 200-day moving average at $5.32, and then some past overhead resistance levels at $5.40 to $5.65 with high volume.

Traders should now look for long-biased trades once POWR sustains a move or close above those levels with volume that’s near or above 105,270 shares. If that breakout triggers soon, then POWR has an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $6.25 to $7. Traders might want to look at buying POWR off weakness as long as it holds its trend above its 50-day at $4.66.

Ultralife

Ultralife (

>>ULBI) offers products and services ranging from portable and standby power solutions to communications and electronics systems. This stock is trading up 3.8% at $2.89 in recent trading.

Today’s Range: $2.73-$3.14

52-Week Range: $2.40-$5.50

Volume: 40,500

Three-Month Average Volume: 30,508

From a technical perspective, ULBI is moving higher here with above average volume. This move is coming after the stock plunged from over $5 to its recent low of $2.39 during the last six months. Once ULBI hit $2.39 yesterday, the stock saw a strong uptick in volume, which could be signaling that traders are positioning for an oversold bounce.

Traders should now look for long-biased trades in ULBI off weakness as long as it holds today’s low of $2.73. If that low holds, look for ULBI to trigger its next major breakout above $3.25 and then above its 50-day moving average of $3.39 with high volume. Look for a sustained move or close above those levels with volume that’s near or above 30,508 shares. If that breakout triggers soon, then ULBI will have a great chance of trading back towards its next significant overhead resistance level at its 200-day moving average of $4.27.

Galena Biopharma

Galena Biopharma (

>>GALE) is a biotechnology company focused on discovering, developing and commercializing therapies addressing unmet medical needs using targeted biotherapeutics. This stock is trading up 3.4% to $1.79 in recent trading.

Today’s Range: $1.73-$1.84

52-Week Range: $0.36-$3.54

Volume: 1.7 million

Three-Month Average Volume: 2.3 million

From a technical perspective, GALE is moving notably higher here with decent volume. This move is coming after GALE bounced off its 50-day moving average of $1.66 on Wednesday with high volume. The action today has now pushed GALE into near-term breakout territory, since the stock has started to push above some overhead resistance at $1.77.

Traders should now look for long-biased trades in GALE as long as it’s trending above its 50-day at $1.66 with strong upside volume flows. I would consider any upside volume day that registers near or above 1.7 million shares as bullish. If GALE can hold that trend, and more importantly hold its trend above $1.77, then this stock has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $2.30 to $2.45.

Sucampo Pharmaceuticals

Sucampo Pharmaceuticals (

>>SCMP) is focused on the discovery, development and commercialization of drugs based on prostones to treat gastrointestinal, ophthalmologic, CNS, vascular and respiratory diseases as well as other potential therapeutic applications. This stock is trading up 5.5% to $5.10 in recent trading.

Today’s Range: $4.80-$5.10

52-Week Range: $2.96-$8.50

Volume: 15,000

Three-Month Average Volume: 60,960

From a technical perspective, SCMP is soaring back above its 50-day moving average of $4.93 here with light volume. This stock has been on fire since the start of August, with shares trending higher from $3.78 to its current price of $5.10.

Traders should now look for long-biased trades in SCMP as long as it’s trending above some near-term support at $4.50 with strong upside volume flows, or as long as its trending above its 50-day. I would consider any upside volume day that registers near or above 60,960 shares as bullish. If SCMP can hold those levels and continue to push higher, then this stock will setup to trigger a major breakout trade. That trade will hit once SCMP takes out its 200-day moving average of $5.95 with high volume. Any high-volume move over $5.95 will setup SCMP to re-fill its previous gap down. If SCMP gets into that gap, then this stock could easily tag $7 in the near future.

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.