Stock Quotes in this Article: CELL, ENTR, GLUU, NSPH, GTAT

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.

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Glu Mobile

Glu Mobile (GLUU) designs, markets and sells mobile games. This stock is trading up 6.8% to $5.42 in recent trading.

Today’s Range: $5.07-$5.49

52-Week Range: $1.80-$6.10

Volume: 2.7 million

Three-Month Average Volume: 2.69 million

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From a technical perspective, GLUU is ripping higher here with strong volume. This move has now pushed shares of GLUU into breakout territory, since the stock has taken out some past overhead resistance at $5.18. What’s bullish about this breakout is that the volume today is already surpassing its three-month average action of 2.7 million shares.

Traders should continue to look for long-biased trades as long as GLUU is trending above $5.18 with strong upside volume flows. I would consider any upside volume day that hits near or above 2,691,100 shares as bullish. If we continue to see that action, then GLUU has a great chance of re-test and possibly taking out its next major overhead resistance level at $6.10. That $6.10 level is the 2011 high for GLUU.

Entropic Communications

Entropic Communications (ENTR) is a semiconductor company. Entropic designs, develops and markets systems solutions to enable connected home entertainment. This stock is trading up 26% to $5.15 in recent trading.

Today’s Range: $4.95-$5.38

52-Week Range: $3.36-$9.44

Volume: 3.3 million

Three-Month Average Volume: 1.2 million

Shares of ENTR are skyrocketing today after the company raised its outlook for the current quarter as it resolved some supply-chain issues at its recently acquired set-top box business.

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From a technical perspective, ENTR is gapping up huge here with monster volume. This move for ENTR has come right off its 50-day moving average of $4.05, and it’s pushing the stock above its 200-day moving average of $5.13.

Traders should now look for long-biased trades once ENTR manages to trigger its next major breakout trade. That trade will hit once ENTR takes out some past overhead resistance at $5.45 with high-volume. At last check, ENTR has hit an intraday high of $5.38, and the stock has pulled back off that level to around $5.15. Look for a sustained move or close above $5.45 with volume that’s near or above 1,115,560 shares. If we get that action soon, then ENTR could easily hit $6 to $6.45.

Sunesis Pharmaceuticals

Sunesis Pharmaceuticals (SNSS) is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of hematologic and solid tumor cancers. This stock is trading up 5.5% at $2.86 in recent trading.

Today’s Range: $2.75-$2.88

52-Week Range: $1.01-$3.19

Volume: 213,000

Three-Month Average Volume: 372,878

Shares of SNSS are ripping higher today after he company said it received a $1.5 million milestone payment from Biogen (BIIB) for the advancement of pre-clinical work under its 2011 amended and restated multi-kinase inhibitor collaboration agreement. Under the agreement, Sunesis is also eligible to receive up to $60 million in pre-commercial milestone program payments as well as royalties on sales of future collaboration products.

 

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From a technical perspective, SNSS is moving sharply higher here back above its 50-day moving average of $2.75 with light volume. This move is has pushed shares of SNSS into breakout territory, since the stock has started to move above some near-term overhead resistance at $2.79.

Traders should now look to play the next major breakout trade for SNSS. That trade will trigger once SNSS takes out some past overhead resistance at $3.11 to $3.19 with high-volume. Traders should look for long-biased trades as long as SNSS is trending above $2.79, and then once it sustains a move or close above $3.11 to $3.19 with volume that’s near or above 372,878 shares.

If we get that action soon, then SNSS will enter new 52-week-high territory, which is bullish price action. Look for the stock to re-test and possibly take out its next significant overhead resistance level at $3.69 if that breakout triggers soon.

GT Advanced Technologies

GT Advanced Technologies (GTAT), through its subsidiaries, is a global provider of polysilicon production technology and multicrystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry, and sapphire growth systems and material for the light emitting diode and other specialty markets. This stock is trading up 8.7% at $5.04 in recent trading.

Today’s Range: $4.62-$5.08

 

52-Week Range: $3.92-$17.50

Volume: 1.5 million

Three-Month Average Volume: 2.9 million

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From a technical perspective, GTAT is ripping higher here right off some near-term support at $4.54 with light volume. This move is quickly pushing GTAT within range of triggering a near-term breakout trade. That trade will hit once GTAT takes out some near-term overhead resistance at $4.97, and then once it clears its 50-day moving average of $5.31 with high volume. At last check, shares of GTAT have tag an intraday high of $5.08 and volume is below its three-month average action of 2,925,570 shares.

Traders should now look for long-biased trades as long as GTAT is above $4.97, and then once it clears $5.31 with volume that’s near or above 2,925,570 shares. If we get that action soon, then this stock could possibly trend higher back towards its 200-day moving average of $7.42.

Sify Technologies

 

Sify Technologies (SIFY) is an integrated Internet, network and electronic commerce services companies in India. This stock is trading up 8.4% at $2.32 in recent trading.

Today’s Range: $2.16-$2.36

52-Week Range: $1.90-$6.48

Volume: 124,000

Three-Month Average Volume: 197,212

From a technical perspective, SIFY is ripping to the upside here with light volume. This move is coming after shares of SIF plunged from its March high of $4.09 to a recent low of $1.90. After tapping that low, SIFY found buying interest at around $2 to $1.90 for over a month. That could be signaling that SIFY has put in a near-term bottom.

Traders should now look for long-biased trades once SIFY clears its 50-day moving average of $2.45, and then moves above some past overhead resistance at $2.59 with high-volume. Look for a sustained move or close above those levels with volume that’s near or above 197,212 shares.

If we get that action soon, then SIFY has a solid chance of hitting $3.32, or possibly even its 200-day moving average of $3.68. Keep in mind that SIFY needs to be trending above its 50-day to give it a chance at hitting those levels.

Nanosphere

Nanosphere (NSPH) is engaged in developing, manufacturing and marketing of molecular diagnostics platform, the Verigene System, which enables sensitive genomic and protein testing on a single platform, including both genomic and protein assays, from a single sample. This stock is trading up 9.4% at $2.09 in recent trading.

 

Today’s Range: $1.85-$2.19

52-Week Range: $0.89-$2.41

Volume: 934,000

Three-Month Average Volume: 220,906

From a technical perspective, NSPH is soaring higher here with monster volume. This move has started to push NSPH within range of triggering a major breakout trade. That trade will hit once NSPH takes out some past overhead resistance at $2.17 to $2.21 with high-volume.

Traders should now look for long-biased trades once NSPH sustains a move or close above those levels with volume that’s near or above 220,906 shares. At last check, NPSH has hit an intraday high of $2.19 and volume is well above its three-month average action.

If that breakout triggers soon, then NSPH has a great chance to re-test and possibly take out its next major overhead resistance levels at $2.41 to $2.69. If those levels are then taken out with volume, NPSH should trade up towards $3 to $3.50.

I also featured Nanosphere recently in "5 Stocks Insiders Love Right Now."

Brightpoint

Brightpoint (CELL) is engaged in providing device lifecycle services to the wireless industry. This stock is trading up 10% to $4.97 in recent trading.

Today’s Range: $4.55-$5.00

52-Week Range: $4.50-$12.05

Volume: 716,000

Three-Month Average Volume: 618,860

From a technical perspective, shares of CELL are moving sharply higher here with above average volume. This stock has been hammered by the bears during the last six months, with shares dropping from over $10 to a recent low of $4.50. Following that massive move lower, CELL has found buying interest twice now at $4.50. This could be signaling that the stock has put in a double bottom chart pattern, now that CELL is ripping higher today off that $4.50 level.

Traders should now look for long-biased trades as long as CELL holds above $4.50, and then once it triggers a near-term breakout trade. That trade will hit once CELL takes out some near-term overhead resistance at $5.12, and then moves back above its 50-day moving average of $5.47 with high-volume. Look for a sustained move or close above those levels with volume that’s near or above 618,860 shares. If we get that action soon, then CELL could easily hit its next significant overhead resistance level at $6.39, or trend even higher.

 

Patriot Coal

Patriot Coal (PCX) is a producer of thermal coal in the eastern United States, with operations and coal reserves in the Appalachia and the Illinois Basin coal regions. This stock is trading up 14.9% to $1.23 in recent trading.

Today’s Range: $1.06-$1.26

52-Week Range: $1.02-$24.99

Volume: 6.3 million

Three-Month Average Volume: 9.5 million

From a technical perspective, shares of PCX are bouncing hard here right off its 52-week low of $1.02 with decent volume. This bounce today is coming after shares of PCX have plunged from its April high of $6.97 to that 52-week low of $1.02. That massive selloff has created an extremely oversold condition, since PCX has traded with a relative strength index reading of below 30 for over a month.

Oversold can always get more oversold, but traders should now look for long-biased trades as long as PCX holds that low of $1.02. The next breakout trade for PCX will trigger once it takes out some near-term overhead resistance at $1.40 with high volume. Look for a sustained move or close above $1.40 with volume that’s near or above 9,478,000 shares.

If we get that action soon, then PCX has a great chance of re-testing and possibly taking out its next major resistance level at $1.61. If that $1.61 level then gets taken out with volume, look for PCX to hit $2 to $2.50.

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.