DELAFIELD, Wis. (Stockpickr) -- 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.

Frontier Communications

  • Thursday's Range: $5.26-$5.58
  • 52-Week Range: $4.19-$8.46
  • Thursday's Volume: 31 million
  • Three-Month Average Volume: 28.73 million

Frontier Communications  (FTR - Get Report) , a communications company, provides regulated and unregulated voice, data and video services to residential, business, and wholesale customers in the U.S. This stock traded up 5.9% to $5.52 in Thursday's trading session.

From a technical perspective, Frontier Communications spiked sharply higher on Thursday right off its 20-day moving average of $5.22 with strong upside volume flows. This stock has been uptrending a bit over the last few weeks, with shares moving higher from its low of $4.57 to its intraday high of $5.58 a share. During that uptrend, shares of Frontier Communications have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now quickly pushing this stock within range of triggering a major breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to clear some key overhead resistance levels at $5.64 to around $5.75 with high volume.

Traders should now look for long-biased trades in Frontier Communications as long as it's trending above its 20-day at $5.22 or above its 50-day at $5.03 and then once it sustains a move or close above those breakout levels with volume that hits near or above 28.73 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 its 200-day moving average of $6.16 to around $6.50, or even $7 to $7.40 a share.

Ritter Pharmaceuticals

  • Thursday's Range: $3.14-$3.40
  • 52-Week Range: $2.50-$5.50
  • Thursday's Volume: 51,000
  • Three-Month Average Volume: 127,953

Ritter Pharmaceuticals  (RTTR) develops therapeutic products for treatment of inflammatory, gastrointestinal and metabolic diseases. This stock traded up 4.3% to $3.37 in Thursday's trading session.

From a technical perspective, Ritter Pharmaceuticals ripped sharply higher on Thursday right off its 20-day moving average of $3.16 with lighter-than-average volume. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $2.50 to its recent high of $3.50 a share. During that uptrend, shares of Ritter Pharmaceuticals have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Thursday is now quickly pushing this stock within range of triggering a big breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance at $3.50 to around $3.70 a share with high volume.

Traders should now look for long-biased trades in Ritter Pharmaceuticals as long as it's trending above some near-term support at $3 and then once it sustains a move or close above those breakout levels with volume that hits near or above 127,953 shares. If that breakout gets started soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at around $4 to $4.42, or even $4.69 to $4.70 a share.


Delcath Systems

  • Thursday's Range: $0.40-$0.43
  • 52-Week Range: $0.36-$2.78
  • Thursday's Volume: 81,000
  • Three-Month Average Volume: 381,043

Delcath Systems  (DCTH) operates as a specialty pharmaceutical and medical device company focusing on cancers of the liver. This stock traded up 4.9% to 42 cents per share in Thursday's trading session.

From a technical perspective, Delcath Systems spiked notably higher on Thursday right off some near-term support at 40 cents per share with lighter-than-average volume. This display of relative strength versus an overall shaky market on Thursday is now quickly pushing shares of Delcath Systems within range of triggering a big breakout trade above some key near-term overhead resistance levels. That breakout will trigger if this stock manages to clear some key near-term overhead resistance levels at 45 cents to 46 cents and then above its 20-day moving average of 47 cents per share and above more resistance around 50 cents per share with high volume.

Traders should now look for long-biased trades in Delcath Systems as long as it's trending above some near-term support levels at 40 cents to 36 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 381,043 shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at 54 to 55 cents, or even 61 cents to 70 cents per share.

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