DELAFIELD, Wis. (Stockpickr) -- As part of a daily routine as an active trader or investor, one should always be tracking the stocks in the market that are making the biggest percentage gains and the biggest percentage losses.

Stocks that are making large moves to the upside 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 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.

Bovie Medical

Bovie Medical(BVX) - Get Report, engages in developing, manufacturing and marketing a range of electrosurgical products and technologies, as well as related medical products used in doctors' offices, surgery centers, and hospitals worldwide. This stock is trading up 8.4% to $2.69 in Tuesday's trading session.

Tuesday's Range: $2.55-$2.69
52-Week Range: $2.20-$5.00
Tuesday's Volume: 83,000
Three-Month Average Volume: 80,982

From a technical perspective, BVX is gaping up sharply higher here and breaking out above some near-term overhead resistance at $2.58 with above-average volume. This move has now pushed shares of BVX within range of triggering another big breakout trade. That trade will trigger if BVX manages to take out some major near-term overhead resistance at its gap-down-day high from March at $2.70 with high volume.

Traders should now look for long-biased trades in BVX as long as it's trending above Tuesday's intraday low of $2.55 or above more near-term support at $2.40 and then once it sustains a move or close above $2.70 with volume that registers near or above 80,982 shares. If that breakout triggers soon, then BVX will set up to re-fill its previous gap-down-day zone from last March that started over $3.20.

IsoRay

IsoRay(ISR) - Get Report develops, manufactures and sells isotope-based medical products and devices for the treatment of cancer and other malignant diseases in the U.S. This stock is trading up 4.1% to $1.51in Tuesday's trading session.

Tuesday's Range: $1.46-$1.53
52-Week Range: $1.22-$3.29
Tuesday's Volume: 194,000
Three-Month Average Volume: 539,763

From a technical perspective, ISR is spiking notably higher here right above some near-term support at $1.45 with lighter-than-average volume. This stock has recently formed a possible double bottom chart pattern at $1.46 to $1.45. Following that bottom, shares of ISR have now started to spike higher and the stock is flirting with its 50-day moving average here at $1.52. This move is beginning to push shares of ISR within range of triggering a near-term breakout trade. That trade will hit if ISR manages to take out some key near-term overhead resistance levels at its 50-day moving average of $1.52 and then above more resistance around $1.60 with high volume.

Traders should now look for long-biased trades in ISR as long as it's trending above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that registers near or above 539,763 shares. If that breakout kicks off soon, then ISR will set up to re-test or possibly take out its next major overhead resistance levels at $1.72 to its 200-day moving average of $1.81, or even $1.85 to $1.86.

Mela Sciences

Mela Sciences (MELA) , a medical device company, designs and develops software-driven technology for the early detection of skin cancer to dermatologists in the U.S. This stock is trading up 5.1% to $1.69 in Tuesday's trading session.

Tuesday's Range: $1.61-$1.76
52-Week Range: $1.11-$5.80
Tuesday's Volume: 440,000
Three-Month Average Volume: 505,421

From a technical perspective, MELA is spiking higher here right above its recent low of $1.46 with decent upside volume flows. This stock has been downtrending badly for the last two months, with shares sliding lower from its high of $4.05 to its recent low of $1.46. During that downtrend, shares of MELA have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of MELA have now started to rebound off that $1.46 low and it's beginning to move within range of triggering a near-term breakout trade. That trade will hit if MELA manages to clear some key near-term overhead resistance levels at $1.80 to its 200-day moving average of $1.98 with high volume.

Traders should now look for long-biased trades in MELA as long as it’s trending above Tuesday's intraday low of $1.61 or above that recent low of $1.46 and then once it sustains a move or close above those breakout levels with volume that hits near or above 505,421 shares. If that breakout gets started soon, then MELA will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $2.28 to $2.50.

Amedica

Amedica (AMDA) , a commercial-stage biomaterial company, develops, manufactures and sells a range of medical devices based on its silicon nitride technology platform in the U.S., Europe, and South America. This stock is trading up 4.9% to 28 cents per share in Tuesday's trading session.

Tuesday's Range: $0.27-$0.30
52-Week Range: $0.20-$7.36
Tuesday's Volume: 1.6 million
Three-Month Average Volume: 751,237

From a technical perspective, AMDA is spiking sharply higher here right above some near-term support at 26 cents per share with strong upside volume flows. This stock is attempting to form a near-term double bottom chart pattern, since the stock has found some buying interest over the last few weeks at 25 cents to 26 cents per share. Shares of AMDA are now starting to spike higher above those support levels and it's beginning to move within range of triggering a near-term breakout trade. That trade will hit if AMDA manages to clear some key overhead resistance levels at 30 cents to 32 cents per share with high volume.

Traders should now look for long-biased trades in AMDA as long as it's trending above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 751,237 shares. If that breakout triggers soon, then AMDA will set up to re-test or possibly take out its next major overhead resistance levels at 35 cents to 38 cents per share, or even 40 cents per share.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.