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.

MagneGas

MagneGas  (MNGA), an alternative energy company, hydrogen-based alternative fuel through the gasification of carbon-rich liquids in the U.S. and internationally. This stock is trading up 5.8% to 87 cents per share in Tuesday's trading session.

Tuesday's Range: $0.83-$0.90
52-Week Range: $0.42-$2.45
Tuesday's Volume: 363,000
Three-Month Average Volume: 468,810

From a technical perspective, MNGA is spiking notably higher here right above some near-term support at 80 cents per share with decent upside volume flows. This countertrend to the upside on Tuesday is coming after shares of MNGA recently formed a double bottom chart pattern at 80 cents per share. This stock is now beginning to trend within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if MNGA manages to clear some near-term overhead resistance levels at $1 to $1.03 and then above its 200-day moving average of $1.07 with high volume.

Traders should now look for long-biased trades in MNGA as long as it's trending above those double bottom support levels at 80 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 468,810 shares. If that breakout gets started soon, then MNGA will set up to re-test or possibly take out its next major overhead resistance levels at $1.20 to $1.40, or even $1.50 to $1.60

Prana Biotechnology

Prana Biotechnology  (PRAN) develops therapies for the treatment of neurodegenerative diseases in Australia. This stock is trading up 1.7% to $1.15 in Tuesday's trading session.

Tuesday's Range: $1.12-$1.23
52-Week Range: $1.07-$11.59
Tuesday's Volume: 733,000
Three-Month Average Volume: 438,008

From a technical perspective, PRAN is spiking modestly higher here right above some near-term support at $1.10 with above-average volume. This stock recently formed a triple bottom chart pattern, after shares found buying interest at $1.07, $1.08 and $1.10 a share. That bottom is coming after shares of PRAN gapped down in February from $1.70 to $1.07 with high volume. This spike to the upside on Tuesday is now starting to push shares of PRAN within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if PRAN manages to take out Tuesday's intraday high of $1.24 and then above more key resistance at $1.25 with high volume.

Traders should now look for long-biased trades in PRAN as long as it's trending above those triple bottom support levels and then once it sustains a move or close above those breakout levels with volume that registers near or above 438,008 shares. If that breakout kicks off soon, then PRAN will set up to re-test or possibly take out its next major overhead resistance levels at $1.40 to its 50-day moving average at $1.41. Any high-volume move above those levels will then give PRAN a chance to re-fill some of its previous gap-down-day zone from February that started at $1.70.

Akers Biosciences

Akers Biosciences  (AKER - Get Report), together with its subsidiaries, focuses on the development and sale of disposable diagnostic testing devices to facilitate time sensitive therapeutic decisions in the U.S. and internationally. This stock is trading up 3.1% to $3.91 in Tuesday's trading session.

Tuesday's Range: $3.85-$3.93
52-Week Range: $2.43-$5.32
Tuesday's Volume: 9,000
Three-Month Average Volume: 14,717

From a technical perspective, AKER is trending higher here and showing relative strength versus the overall market weakness right above its 50-day moving average of $3.60 with lighter-than-average volume. This stock has been uptrending strong over the last four months, with shares moving higher from its low of $2.43 to its recent high of $4.30. During that uptrend, shares of AKER have been consistently making higher lows and higher highs, which is bullish technical price action. This trend to the upside on Tuesday is now starting to push shares of AKER within range of triggering a near-term breakout trade. That trade will hit if AKER manages to take out some key near-term overhead resistance at $3.97 with high volume.

Traders should now look for long-biased trades in AKER as long as it's trending above its 50-day moving average of $3.60 or above its 200-day at $3.57 and then once it sustains a move or close above $3.97 with volume that hits near or above 14,717 shares. If that breakout develops soon, then AKER will set up to re-test or possibly take out its next major overhead resistance levels at $4.25 to $4.30, or even $5.09 to its 52-week high of $5.32.

Xoma

Xoma  (XOMA - Get Report) discovers and develops antibody-based therapeutics in the U.S., Europe, and the Asia Pacific. This stock is trading up 2.2% to $3.84 in Tuesday's trading session.

Tuesday's Range: $3.65-$3.91
52-Week Range: $3.22-$6.45
Tuesday's Volume: 3.14 million
Three-Month Average Volume: 2.53 million

From a technical perspective, XOMA is spiking higher right off its 50-day moving average of $3.63 and its showing relative strength here versus the overall market weakness with strong upside volume flows. This move to the upside on Tuesday has also pushed shares of XOMA into breakout territory, since the stock has flirted with some near-term overhead resistance at $3.82. That move is now starting to push shares of XOMA within range of triggering a much bigger breakout trade above some key near-term overhead resistance levels. That trade will hit if XOMA manages to take out some near-term overhead resistance levels at $4 to its 200-day moving average of $4.16 with high volume.

Traders should now look for long-biased trades in XOMA as long as it’s trending above some near-term support at $3.46 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.53 million shares. If that breakout hits soon, then XOMA will set up to re-test or possibly take out its next major overhead resistance level a t $4.33 to $4.50, or even $5.

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.