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.

Iridium Communications

  • Tuesday's Range: $7.91-$8.55
  • 52-Week Range: $5.85-$11.36
  • Tuesday's Volume: 820,000
  • Three-Month Average Volume: 802,100

Iridium Communications  (IRDM - Get Report)  provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations and consumers worldwide. This stock traded up 7.4% to $8.53 in Tuesday's trading session.

From a technical perspective, Iridium Communications spiked sharply higher on Tuesday right off its 20-day moving average of $7.93 a share and back above its 200-day moving average of $8.45 a share with slightly above-average volume. This move pushed shares of Iridium Communications into breakout territory, since the stock took out some near-term overhead resistance levels at $8.19 to $8.23 a share. This stock is now quickly moving within range of triggering another big breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at Tuesday's intraday high of $8.55 to $8.65 a share with high volume.

Traders should now look for long-biased trades in Iridium Communications as long as it's trending above its 20-day moving average of $7.93 or above its 50-day moving average of $7.67 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 802,1000 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 levels at $9.50 to $10, or even $10.50 a share.

NGL Energy Partners 

  • Tuesday's Range: $8.75-$10.11
  • 52-Week Range: $8.04-$33.65
  • Tuesday's Volume: 2.20 million
  • Three-Month Average Volume: 911,850

NGL Energy Partners  (NGL - Get Report) , through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane and refined products and renewables businesses in the U.S. This stock traded up 7.5% to $9.57 in Tuesday's trading session.

From a technical perspective, NGL Energy Partners LP ripped sharply higher right above some near-term support at around $8 a share with above-average volume. This high-volume jump to the upside also pushed shares of NGL Energy Partners LP into breakout territory, since the stock took out some near-term overhead resistance at $9.42 a share. This move to the upside on Tuesday is also coming off of oversold territory, since this stock's current relative strength index reading is 31.8. Oversold can always get more oversold, but shares of NGL Energy Partners LP are now quickly moving 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 at Tuesday's intraday high of $10.11 a share with high volume.

Traders should now look for long-biased trades in NGL Energy Partners LP as long as it's trending above Tuesday's intraday low of $8.75 a share and then once it sustains a move or close above Tuesday's intraday high of $10.11 a share with volume that hits near or above 911,850 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 just above $11 a share to its 20-day moving average of $12.32 a share.

Bebe Stores

  • Tuesday's Range: $0.55-$0.59
  • 52-Week Range: $0.39-$4.00
  • Tuesday's Volume: 207,000
  • Three-Month Average Volume: 562,042

Bebe Stores  (BEBE)  engages in the design, development and production of women's apparel and accessories under the bebe and Bebe Sport brand names in the U.S., Puerto Rico and Canada. This stock traded up 3.2% to 57 cents per share in Tuesday's trading session.

From a technical perspective, Bebe Stores trended notably higher on Tuesday right above its 20-day moving average of 52 cents per share with lighter-than-average volume. This move has now started to push shares of Bebe Stores 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 59 to 60 cents per share and then above more resistance at 62 cents per share with high volume.

Traders should now look for long-biased trades in Bebe Stores as long as it's trending above its 20-day moving average of 52 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 562,042 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 67 cents per share to its 50-day moving average of 77 cents per share, or even 90 cents per share..

Endologix

  • Tuesday's Range: $9.58-$10.08
  • 52-Week Range: $8.39-$18.07
  • Tuesday's Volume: 759,000
  • Three-Month Average Volume: 1.18 million

Endologix  (ELGX - Get Report)  develops, manufactures, markets and sells medical devices for the treatment of abdominal aortic aneurysms in the U.S. and internationally. This stock traded up 4% to $9.99 in Tuesday's trading session.

From a technical perspective, Endologix spiked sharply higher on Tuesday back above its 20-day moving average of $9.95 a share with lighter-than-average volume. This spike to the upside is now starting to push shares of Endologix 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 near-term overhead resistance levels at its 50-day moving average of $10.46 to $10.55 a share and then above its gap-down-day high from October at $11 a share with high volume.

Traders should now look for long-biased trades in Endologix as long as it's trending above some near-term support at $9.26 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.18 million shares. If that breakout materializes soon, then this stock will set up to re-fill some of its previous gap-down-day zone from October that started near $14 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.