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.

Linn  (LNCO)  focuses on the acquisition and development of oil and natural gas properties in the U.S. This stock is trading up 2.1% to $2.88 in Tuesday's trading session.

  • Tuesday's Range: $2.76-$2.93
  • 52-Week Range: $1.88-$25.49
  • Tuesday's Volume: 307,000
  • Three-Month Average Volume: 2.64 million

From a technical perspective, Linn is spiking modestly higher here right off its 50-day moving average of $2.77 and back above its 20-day moving average of $2.87 with lighter-than-average volume. This move to the upside on Tuesday is starting to push shares of Linn 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 $3 to $30.03 a share with high volume.

Traders should now look for long-biased trades in Linn as long as it's trending above its 50-day moving average of $2.77 or above more near-term support at $2.72 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.64 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $3.25 to $3.58 a share.


Ocean Rig UDW  (ORIG) , an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development and production drilling. This stock is trading up 2.2% to $2.24 in Tuesday's trading session.

  • Tuesday's Range: $2.16-$2.28
  • 52-Week Range: $2.02-$14.34
  • Tuesday's Volume: 241,000
  • Three-Month Average Volume: 1.68 million

From a technical perspective, Ocean Rig UDW is trending modestly higher here right above some near-term support at $2.06 with lighter-than-average volume. This stock has been consolidating and trending sideways over the last month or so, with shares moving between $2.06 on the downside and $2.41 on the upside. Shares of Ocean Rig UDW are now starting to spike higher on Tuesday and it's 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 its 20-day moving average of $2.29 and then once it clears more resistance at $2.41 with high volume.

Traders should now look for long-biased trades in Ocean Rig UDW as long as it's trending above some key near-term support levels at $2.06 or at its 52-week low of $2.02 and then once it sustains a move or close above those breakout levels with volume that registers near or above 1.69 million 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 its 50-day moving average of $2.77 to $2.94, or even $3.26 a share.


BioScrip  (BIOS)  provides home infusion and other home care services and pharmacy benefit management services in the U.S. This stock is trading up 11.3% to $1.86 in Tuesday's trading session.

  • Tuesday's Range: $1.65-$1.96
  • 52-Week Range: $1.30-$7.01
  • Tuesday's Volume: 609,000
  • Three-Month Average Volume: 1.17 million

From a technical perspective, BioScrip is ripping sharply higher here right above some near-term support at $1.62 with decent upside volume flows. This strong move to the upside on Tuesday is now starting to push shares of BioScrip within range of triggering a major breakout trade above some key near-term overhead resistance levels. That breakout will trigger if this stock manages to take out some key near-term overhead resistance levels at its 20-day moving average of $1.93 to $2 a share and then above its 50-day moving average of $2.13 a share with high volume.

Traders should now look for long-biased trades in BioScrip as long as it's trending above Tuesday's intraday low of $1.65 or above more near-term support at $1.62 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.17 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.75, or even $3 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.