As part of your daily routine as an active trader or investor, it's important to track 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 who want to capture some of that massive volatility. Stocks that are making big-percentage moves 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.

OncoGenex Pharmaceuticals

  • Tuesday's Range: $1.16-$1.22
  • 52-Week Range: $1.11-$4.10
  • Tuesday's Volume: 213,000
  • Three-Month Average Volume: 438,432

OncoGenex Pharmaceuticals (OGXI) , a biopharmaceutical company, develops and commercializes therapies that address treatment resistance in cancer patients. This stock traded up 4.2% to $1.22 in Tuesday's trading session.

From a technical perspective, OncoGenex Pharmaceuticals spiked notably higher on Tuesday right off its 20-day moving average of $1.18 a share with lighter-than-average volume. This stock has been consolidating and trending sideways over the last month or so, with shares moving between $1.11 on the downside and $1.27 on the upside. Shares of OncoGenex Pharmaceuticals are now starting to spike higher and its quickly moving within range of triggering a big breakout trade above the upper-end of its recent sideways trending chart pattern. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $1.25 to $1.27 a share with high volume.

Traders should now look for long-biased trades in OncoGenex Pharmaceuticals as long as it's trending above its 20-day moving average of $1.18 or above its recent low of $1.11 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 438,432 shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $1.38 to its 50-day moving average of $1.80 a share.

Endologix

  • Tuesday's Range: $9.80-$10.04
  • 52-Week Range: $8.39-$18.07
  • Tuesday's Volume: 388,000
  • Three-Month Average Volume: 1.12 million

Endologix(ELGX) - Get Report  develops, manufactures, markets and sells medical devices for the treatment of abdominal aortic aneurysms in the U.S. and internationally. This stock traded up 1.4% to $9.97 in Tuesday's trading session.

From a technical perspective, Endologix bounced modestly higher on Tuesday right off both its 20-day moving average of $9.87 and its 50-day moving average of $9.89 a share with lighter-than-average volume. This bounce to the upside is starting to push shares of Endologix within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $10.30 to $10.55 a share and then above its gap-down-day high from October at $11 a share with high volume.

Traders should now look for long-biased trades in Endologix as long as it's trending above some key near-term support levels at $9.59 or at $9.26 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.12 million shares. If that breakout gets started soon, then this stock will set up to re-fill some of its previous gap-down-day zone from October that started near $14 a share.

Plains GP Holdings

  • Tuesday's Range: $9.17-$9.69
  • 52-Week Range: $7.18-$29.87
  • Tuesday's Volume: 3.62 million
  • Three-Month Average Volume: 4.43 million

Plains GP Holdings(PAGP) - Get Report , through its interest in Plains AAP, owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products in the U.S. and Canada. This stock traded up 1.7% to $9.68 in Tuesday's trading session.

From a technical perspective, Plains GP Holdings spiked modestly higher on Tuesday right off its 20-day moving average of $8.96 a share with decent upside volume flows. This trend to the upside is now quickly pushing shares of Plains GP Holdings within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out Tuesday's intraday high of $9.69 a share and then above some more key resistance at $10.05 a share with high volume.

Traders should now look for long-biased trades in Plains GP Holdings as long as it's trending above its 20-day moving average of $8.96 or above more key support at $8.68 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.43 million shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $10.91 to its 50-day moving average of $11.27, or even $12 a share.

Etsy

  • Tuesday's Range: $8.08-$8.55
  • 52-Week Range: $7.91-$35.74
  • Tuesday's Volume: 698,000
  • Three-Month Average Volume: 1.02 million

Etsy(ETSY) - Get Report  operates online and offline marketplaces to buy and sell handmade items, vintage goods and craft supplies. This stock traded up 3.2% to $8.51 in Tuesday's trading session.

From a technical perspective, Etsy ripped notably higher on Tuesday right off some near-term support at $8 a share with lighter-than-average volume. This stock recently formed a double bottom chart pattern, after shares of Etsy found some buying interest at $7.91 to $8 a share. Following that potential bottom, this stock has now started to spike higher off that $8 low and it's now quickly moving within range of triggering a near-term breakout trade above some key overhead resistance levels. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at its 20-day moving average of $8.94 to $9.10 a share and then above its 50-day moving average of $9.32 a share with high volume.

Traders should now look for long-biased trades in Etsy as long as it's trending above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.02 million shares. If that breakout gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $9.95 to $11.25, or even $12.25 a share.

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