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.

Willbros Group

Willbros Group  (WG), together with its subsidiaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries in the U.S. and internationally. This stock is trading up 7.9% to $2.84 in Tuesday's trading session.

Tuesday's Range: $2.71-$2.86
52-Week Range: $1.50-$13.69
Tuesday's Volume: 310,000
Three-Month Average Volume: 874,961

From a technical perspective, WG is ripping higher here right above some near-term support at $2.56 with lighter-than-average volume. This stock recently formed a triple bottom chart pattern at $2.60, $2.51 and $2.56. Following that bottom, shares of WG have started to rip higher and it's now moving within range of triggering a near-term breakout trade. That trade will trigger if WG manages to clear some near-term overhead resistance levels at $2.95 to $3 with high volume.

Traders should now look for long-biased trades in WG as long as it's trending above Tuesday's intraday low of $2.71 or 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 874,961 shares. If that breakout starts soon, then WG will set up to re-test or possibly take out its next major overhead resistance levels at $3.28 to $3.58. Any high-volume move above $3.58 will then give WG a chance to re-fill some of its previous gap-down-day zone from March that started near $5.50.

Palatin Technologies

Palatin Technologies  (PTN), a biopharmaceutical company, develops peptide therapeutics for the treatment of diseases. This stock is trading up 3.1% to 99 cents per share in Tuesday's trading session.

Tuesday's Range: $0.99-$1.01
52-Week Range: $0.59-$1.38
Tuesday's Volume: 16,000
Three-Month Average Volume: 156,416

From a technical perspective, PTN is spiking sharply higher here right off its 50-day moving average of 98 cents per share with lighter-than-average volume. This stock has been trending sideways and consolidating for the last two months, with shares moving between 94 cents on the downside and $1.09 on the upside. Shares of PTN are now starting to trend within range of triggering a near-term breakout trade above the upper-end of its recent sideways trending chart pattern. That trade will hit if PTN manages to take out some key near-term overhead resistance at $1.05 to $1.09 with high volume.

Traders should now look for long-biased trades in PTN as long as it's trending above some key near-term support levels at 95 to 94 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 156,416 shares. If that breakout materializes soon, then PTN will set up to re-test or possibly take out its next major overhead resistance levels at $1.15 to $1.24, or even $1.34.

AxoGen

AxoGen  (AXGN) operates as a medical technology company. This stock is trading up 2.6% to $3.50 in Tuesday's trading session.

Tuesday's Range: $3.45-$3.50
52-Week Range: $2.11-$4.24
Tuesday's Volume: 3,000
Three-Month Average Volume: 52,761

From a technical perspective, AXGN is spiking modestly higher here right above its 50-day moving average of $3.33 with lighter-than-average volume. This spike to the upside on Tuesday is now starting to push shares of AXGN within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will hit if AXGN manages to take out some key near-term overhead resistance levels at $3.59 to $3.67 with high volume.

Traders should now look for long-biased trades in AXGN as long as it's trending above its 50-day at $3.33 or above more near-term support levels at $3.20 to $3.11 and then once it sustains a move or close above those breakout levels with volume that hits near or above 52,761 shares. If that breakout triggers soon, then AXGN will set up to re-test or possibly take out its next major overhead resistance levels at $3.86 to its 52-week high of $4.24. Any high-volume move above $4.24 will then give AXGN a chance to make a run at $4.50 to $5.

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