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.

Iconix Brand Group

  • Thursday's Range: $6.31-$6.69
  • 52-Week Range: $5.79-$37.29
  • Thursday's Volume: 1.75 million
  • Three-Month Average Volume: 2.26 million

Iconix Brand Group  (ICON - Get Report) , a brand management company, owns, licenses and markets a portfolio of consumer brands in the U.S. and internationally. This stock traded up 4.6% to $6.59 in Thursday's trading session.

From a technical perspective, Iconix Brand Group showed relative strength on Thursday vs. the overall market weakness after the stock bounced off some near-term support at $6 a share with lighter-than-average volume. This move briefly pushed shares of Iconix Brand Group back above its 20-day moving average of $6.64 a share, before it close right below that level at $6.59 a share. This stock is now starting to trend within range of triggering a major breakout trade above some key near-term overhead resistance levels. That breakout will trigger if shares of Iconix Brand Group manages to take out some key near-term overhead resistance levels at $6.98 to $7.11 a share and then above more resistance levels at $7.21 to $7.43 a share with high volume.

Traders should now look for long-biased trades in Iconix Brand Group as long as it's trending above some near-term support levels at $6 or at $5.79 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.26 million shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance level at $8.70 a share. Any high-volume move above $8.70 will then give shares of Iconix Brand Group a chance to re-fill some of its previous gap-down-day zone from November that started above $16 a share.


Perseon

  • Thursday's Range: $0.61-$0.75
  • 52-Week Range: $0.27-$7.60
  • Thursday's Volume: 250,000
  • Three-Month Average Volume: 204,302

Perseon  (PRSN) , a life sciences company, develops, manufactures, markets and services medical systems to treat cancer and benign diseases using heat therapy. This stock traded up 12.2% to 75 cents per share in Thursday's trading session.

From a technical perspective, Perseon showed relative strength on Thursday versus the overall market weakness as the stock ripped sharply higher back above its 20-day moving average of 69 cents per share with above-average volume. This high-volume spiked to the upside is now quickly pushing shares of Perseon within range of triggering a major breakout trade above some near-term overhead resistance levels. That trade will trigger if this stock manages to take out some key near-term overhead resistance levels at 75 cents to 86 cents per share with high volume.

Traders should now look for long-biased trades in Perseon as long as it's trending above its 50-day moving average of 56 cents per share or above more near-term support at 51 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 204,302 shares. If that breakout materializes soon, then this stock will set up to re-fill some of its previous gap-down-day zone from July that started near $1.25 a share.

22nd Century Group

  • Thursday's Range: $1.33-$1.47
  • 52-Week Range: $0.56-$1.78
  • Thursday's Volume: 1.02 million
  • Three-Month Average Volume: 364,100

22nd Century Group  (XXII - Get Report) , a plant biotechnology company, focuses on tobacco harm reduction and smoking cessation products produced from modifying the nicotine content in tobacco plants through genetic engineering and plant breeding. This stock traded up 5% to $1.45 in Thursday's trading session.

From a technical perspective, 22nd Century Group ripped higher on Thursday right off both its 50-day moving average of $1.33 a share and its 20-day moving average of $1.35 a share with heavy upside volume flows. This high-volume spike to the upside and display of relative strength versus the overall market weakness is now quickly pushing shares of 22nd Century Group within range of triggering a big breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $1.50 to $1.52 a share with high volume.

Traders should now look for long-biased trades in 22nd Century Group as long as it's trending above some near-term support levels at $1.30 or at $1.20 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 364,100 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 level at its 52-week high of $1.78 a share. Any high-volume move above $1.78 will then give this stock a chance to make a run at $2 to $2.50 a share.

Second Sight Medical Products

  • Thursday's Range: $6.48-$7.45
  • 52-Week Range: $4.57-$19.63
  • Thursday's Volume: 2.11 million
  • Three-Month Average Volume: 549,072

Second Sight Medical Products  (EYES - Get Report)  develops, manufactures, and markets implantable prosthetic devices to restore functional vision to blind patients in the U.S., Canada, Europe, and Saudi Arabia. This stock traded up 11.5% to $7.16 in Thursday's trading session.

From a technical perspective, Second Sight Medical Products soared sharply higher on Thursday and displayed relative strength versus the overall market weakness with monster upside volume flows. This stock has been uptrending strong over the last month or so, with shares soaring higher off its low of $4.57 to its intraday high on Thursday of $7.45 a share. During that uptrend, shares of Second Sight Medical Products have been consistently making higher lows and higher highs, which bullish technical price action. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Thursday's intraday high of $7.45 a share with strong volume.

Traders should now look for long-biased trades in Second Sight Medical Products as long as it's trending above its previous breakout level of $6.35 a share and then once it sustains a move or close above Thursday's intraday high of $7.45 a share with volume that registers near or above 549,072 shares. If that move gets underway soon, then this stock will set up to re-test or possibly

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