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4 Under-$10 Stocks Soaring with Room to Grow

Tickers in this article: VELT PACR LINC SZYM
WINDERMERE, Fla. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

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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.

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.

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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.

Pacer International (PACR)

This is an asset-light North American third party logistics provider offering an array of services to facilitate the movement of freight from origin to destination. This stock is trading up 8.7% to $3.62 in recent trading.

Today's Range: $3.50-$3.68

52-Week Range: $3.00-$7.04

Volume: 251,000

Three-Month Average Volume: 228,435

From a technical perspective, PACR is trending higher here right below its 50-day moving average of $3.67 with decent volume. This move is quickly pushing PACR within range of triggering a near-term breakout trade. That trade will hit once PACR manages to take out some near-term overhead resistance levels at $3.67 to $3.76 with high volume.

Traders should now look for long-biased trades in PACR as long as it's trending above its 50-day at $3.67, and then once it sustains a move or close above those breakout levels with volume that hits near or above 228,435 shares. If that breakout triggers soon, then PACR will set up to re-test or possibly take out its next overhead resistance levels at $4.40 to $4.53.

Solazyme (SZYM)

This company is in the business of transforming a range of low-cost plant-based sugars into high-value oils. This stock is trading up 4% to $7.49 in recent trading.

Today's Range: $7.25-$7.62

52-Week Range: $6.45-$16.31

Volume: 273,000

Three-Month Average Volume: 456,892

From a technical perspective, SZYM is bouncing higher here right off some near-term support at $7.05 with decent volume. This stock has been downtrending badly for the last five months, with shares plunging from its high of $14.23 to its recent low of $6.45. During that move, shares of SZYM have been consistently making lower highs and lower lows, which is bearish technical price action. That said, SZYM has recently started to rebound off that $6.45 low and move within range of triggering a near-term breakout trade. That trade will hit once SZYM takes out some near-term overhead resistance at $7.75 with high volume.