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.

Veracyte

  • Tuesday's Range: $6.88-$7.47
  • 52-Week Range: $4.59-$12.47
  • Tuesday's Volume: 82,000
  • Three-Month Average Volume: 100,277

Veracyte  (VCYT - Get Report)  operates as a molecular diagnostics company in the U.S. This stock traded up 4.7% to $7.33 in Tuesday's trading session.

From a technical perspective, Veracyte spiked sharply higher off its 50-day moving average of $6.79 a share and back above its 20-day moving average of $7.08 a share with lighter-than-average volume. This stock recently formed a double bottom chat pattern, after shares found some buying interest at $6.69 to $6.68 a share. Following that bottom, shares of Veracyte have now started to spike higher and it's quickly moving within range of triggering a near-term breakout trade. That trade will trigger if this stock manages to take out Tuesday's intraday high of $7.48 and then above more resistance at $7.65 a share with high volume.

Traders should now look for long-biased trades in Veracyte as long as it's trending above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 100,277 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 $8.15 to its 200-day moving average of $8.64 a share.

IDI

  • Tuesday's Range: $7.53-$8.09
  • 52-Week Range: $3.60-$12.80
  • Tuesdays Volume: 80,000
  • Three-Month Average Volume: 53,531

IDI  (IDI) , through its subsidiaries, operates as an information solutions provider focused on the data-fusion market. This stock finished virtually flat to $7.73 in Tuesday's trading session.

From a technical perspective, IDI bounced a bit higher off some near-term support at $7.50 a share and briefly trended back above both its 50-day and 200-day moving averages at $7.77 a share with above-average volume. This stock has recently formed a triple bottom chart pattern, after shares found some buying interest at $7.70, $7.60 and 7.50 a share. Shares of IDI are now starting to trend within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at its 20-day moving average of $8.27 a share and then above more resistance at $8.63 a share with high volume.

Traders should now look for long-biased trades in IDI as long as it's trending above its recent low at $7.46 or above $7 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 53,531 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 $9.58 to $9.88, or even $10.71 a share.

Rayonier Advanced Materials

  • Tuesday's Range: $8.84-$9.58
  • 52-Week Range: $5.75-$24.01
  • Tuesday's Volume: 539,000
  • Three-Month Average Volume: 689,238

Rayonier Advanced Materials  (RYAM - Get Report)  manufactures and sells cellulose specialty products in the U.S., China, Japan, Canada, Europe, Latin America, and other Asian countries. This stock traded up 7.6% to $9.54 in Tuesday's trading session.

From a technical perspective, Rayonier Advanced Materials spiked sharply higher right above some near-term support at $8.77 a share and back above its 50-day moving average of $9.51 a share with lighter-than-average volume. This move is now quickly pushing shares of Rayonier Advanced Materials 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 take out some near-term overhead resistance levels at $9.87 to its 20-day moving average of $10.17 a share with high volume.

Traders should now look for long-biased trades in Rayonier Advanced Materials as long as it's trending above some key near-term support at $8.77 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 689,238 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 $10.50 to $11 a share. Any high-volume move above $11 will then give this stock a chance to re-fill some of its previous gap-down-day zone from earlier December that started just above $12 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.