aDELAFIELD, Wis. (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. Must Read: Buy These 5 Momentum Movers to Stomp the S&P 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. Must Read: How to Trade the Market's Most-Active Stocks Kongzhong Kongzhong provides digital entertainment services in the People's Republic of China. This stock closed up 2.6% to $6.52 in Tuesday’s trading session. Tuesday's Range: $6.11-$6.57 52-Week Range: $6.11-$13.64 Tuesday's Volume: 325,000 Three-Month Average Volume: 102,739 From a technical perspective, KZ bounced notably higher here right off its new 52-week low of $6.11 with above-average volume. This stock has been downtrending badly for the last five months, with shares falling sharply from its high of $10.61 to its new 52-week low of $6.11. During that downtrend, shares of KZ have been consistently making lower highs and lower lows, which is bearish technical price action. That move has also pushed shares of KZ into extremely oversold territory, since its current relative strength index reading is 25.43. Oversold can always get more oversold, but it's also an area from which a stock can experience a powerful bounce higher if the sellers have become exhausted. Traders should now look for long-biased trades in KZ as long as it's trending above its new 52-week low of $6.11 and then once it sustains a move or close above Tuesday's intraday high of $6.57 to some more near-term overhead resistance levels at $7.07 to $7.12 with volume that hits near or above 102,739 shares. If that move materializes soon, then KZ will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to its 50-day moving average at $7.69, or even $8 to $8.50. Must Read: 5 Stocks Set to Soar on Bullish Earnings Walter Energy Walter Energy produces and exports metallurgical coal for the steel industry. This stock closed up 5.8% to $2.34 in Tuesday’s trading session. Tuesday's Range: $2.19-$2.48 52-Week Range: $2.01-$19.50 Tuesday's Volume: 10.32 million Three-Month Average Volume: 4.77 million From a technical perspective, WLT ripped sharply higher here right above its new 52-week low of $2.01 with monster upside volume flows. This stock has been downtrending badly for the last two months, with shares plunging lower from its high of $6.84 to its new 52-week low of $2.01. During that downtrend, shares of WLT have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of WLT into extremely oversold territory, since its current relative strength index reading is 19.6. Oversold can always get more oversold, but it's also an area from which a stock can experience a major bounce higher once the sellers are done. Traders should now look for long-biased trades in WLT as long as it's trending above its new 52-week low of $2.01 then once it sustains a move or close above Tuesday's intraday high of $2.48 with volume that hits near or above 4.77 million shares. If that move gets underway soon, then WLT will set up to re-test or possibly take out its next major overhead resistance levels at around $3 to $3.50. Must Read: 3 Big Stocks on Traders' Radars To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis. RELATED LINKS: a >>3 Unusual-Volume Stocks Triggering Breakout Trades a >>QE5 Is Coming -- and Here's How to Profit a >>5 Hated Earnings Stocks You Should Love Follow Stockpickr on Twitter and become a fan on Facebook.
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