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8 Stocks Under $10 Moving Higher

Tickers in this article: ARC OCZ SHZ SORL TASR
WINDERMERE, Fla. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

>>5 "Magic Formula" Stocks for 2013

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.

>>Outwit the S&P in 2013 With 5 Hated Stocks

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.

Taser International (TASR)

This company is engaged in the development, manufacture and sale of advanced Electronic Control Devices (ECDs) designed for use in law enforcement, military, corrections, private security and personal defense. This stock is trading up 7% to $8.73 in recent trading.

Today's Range: $8.21-$8.77 52-Week Range: $3.96-$9.26

Volume: 733,000

Three-Month Average Volume: 728,639

Shares of TASR are ripping higher today after the company announced four large orders for more than 1,121 Taser X2 ECDs in the four quarter of 2012.

From a technical perspective, TASR is trending higher here right above its 50-day moving average of $7.63 with above-average volume. This move has started to push TASR into breakout territory, since the stock has cleared some near-term overhead resistance at $8.36. Shares of TASR are now quickly moving within range of triggering another major breakout trade. That trade will hit once TASR manages to clear some near-term overhead resistance and its 52-week high at $9.26 with high volume.

Traders should now look for long-biased trades in TASR as long as it's trending above its 50-day at $7.63, and then once it sustains a move or close above $9.26 with volume that hits near or above 728,639 shares. If that breakout hits soon, then TASR will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets are $10 to $12 in the near future.

American Reprographics (ARC)

This company provides business-to-business document management services to the architectural, engineering and construction industry, or AEC industry. This stock is trading up 10.3% to $2.56 in recent trading.