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.


Pacific Drilling

  • Thursday's Range: $1.52-$1.67
  • 52-Week Range: $1.14-$8.10
  • Thursday's Volume: 427,000
  • Three-Month Average Volume: 784,015

Pacific Drilling  (PACD - Get Report) , together with its subsidiaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. This stock is trading up 5.8% $1.64 in Thursday's trading session.

From a technical perspective, Pacific Drilling is spiking sharply to the upside here right off its 20-day moving average of $1.48 with decent upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher off its new 52-week low of $1.14 to its recent high of $1.73 a share. During that utprend, shares of Pacific Drilling have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed this stock within range of triggering a near-term breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $1.73 to its 50-day moving average of $1.76 and then once it clears more resistance levels at $1.90 to $2.01 share with high volume.

Traders should now look for long-biased trades in Pacific Drilling as long as it's trending above its 20-day moving average of $1.48 and then once it sustains a move or close above those breakout levels with volume that registers near or above 784,015 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 $2.25 to $2.40, or even $2.80 a share.

Ultra Petroleum

  • Thursday's Range: $7.31-$7.76
  • 52-Week Range: $5.86-$24.98
  • Thursday's Volume: 565,000
  • Three-Month Average Volume: 2.91 million

Ultra Petroleum  (UPL - Get Report) , an independent oil and gas company, engages in the acquisition, exploration, development, production and operation of oil and natural gas properties in the U.S. This stock is trading up 4% to $7.74 in Thursday's trading session.

From a technical perspective, Ultra Petroleum is spiking sharply higher here right above its 50-day moving average of $7.01 with lighter-than-average volume. This stock has been uptrending over the last few weeks, with shares moving higher off its low of $5.89 to its recent high of $7.85 a share. During that uptrend, shares of Ultra Petroleum have been consistently making 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 trade will trigger if this stock manages to clear some key overhead resistance levels at $7.85 to just over $8 a share with high volume.

Traders should now look for long-biased trades in Ultra Petroleum as long as it's trending above its 50-day moving average of $7.01 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.91 million shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $8.89 to $9.50, or even $10 to $10.50 a share.

Vince Holding

  • Thursday's Range: $3.98-$4.20
  • 52-Week Range: $3.31-$37.68
  • Thursday's Volume: 193,000
  • Three-Month Average Volume: 758,645

Vince Holding  (VNCE - Get Report) designs, merchandises and sells various contemporary fashion brand products in the U.S. and internationally. This stock is trading up 4.4% to $4.21 in Thursday's trading session.

From a technical perspective, Vince Holding is spiking notably higher here back above its 20-day moving average of $4.06 with lighter-than-average volume. This stock has been trending to the upside over the last few weeks, off its new 52-week low of $3.31 and off extremely oversold territory. The oversold condition for shares of Vince Holding recently hit the extreme level, after the stock displayed a relative strength index reading that was well below 30. This stock is now starting to rip to the upside on Thursday and it's quickly approaching a near-term breakout trade above some key overhead resistance levels. That breakout will trigger if this stock manages to take out some key near-term overhead resistance levels at $4.40 to $4.80 a share with high volume.

Traders should now look for long-biased trades in Vince Holding as long as it's trending above Thursday's intraday low of $3.98 or above more near-term support at $3.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 758,645 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 around $6 or at its 50-day moving average of $6.73 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.