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.

Genocea Biosciences

  • Thursday's Range: $3.54-$3.93
  • 52-Week Range: $3.10-$16.18
  • Thursday's Volume: 968,000
  • Three-Month Average Volume: 223,298

Genocea Biosciences  (GNCA) , a biopharmaceutical company, discovers and develops novel vaccines and immunotherapies to treat infectious diseases. This stock closed flat to $3.68 Thursday's trading session.

From a technical perspective, Genocea Biosciences finished the trading session on Thursday virtually flat with heavy volume flows. This stock has been downtrending badly over the last month and change, with shares falling sharply off its recent high of $7.20 to its new 52-week low of $3.10 a share. During that downtrend, shares of Genocea Biosciences have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock finished well off its low on Thursday, and it's now quickly moving within range of triggering a big breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance at $4 a share with high volume.

Traders should now look for long-biased trades in Genocea Biosciences as long as it's trending above some near-term support at $3.30 or above its new 52-week low of $3.10 a share and then once it sustains a move or close above $4 a share with volume that hits near or above 223,298 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 its 20-day moving average of $4.64 to $5, or even its 50-day moving average of $5.55 a share.

Acacia Research

  • Thursday's Range: $3.63-$3.89
  • 52-Week Range: $3.30-$13.76
  • Thursday's Volume: 1 million
  • Three-Month Average Volume: 847,466

Acacia Research  (ACTG - Get Report) , through its subsidiaries, invests in, develops, licenses and enforces patented technologies in the U.S. This stock traded up 4.9% to $3.84 in Thursday's trading session.

From a technical perspective, Acacia Research ripped sharply higher on Thursday with above-average volume. This stock has been downtrending badly for the last three months and change, with shares collapsing off its high of $10.44 to its new 52-week low of $3.30 a share. During that downtrend, shares of Acacia Research have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound off that $3.30 low, and it's beginning to trend within range of triggering a big breakout trade. That trade will hit if this stock manages to take out some near-term overhead resistance levels at its 20-day moving average of $3.91 a share to more resistance levels at $4 to $4.24 a share with high volume.

Traders should now look for long-biased trades in Acacia Research as long as it's trending above Thursday's intraday low of $3.63 or above its new 52-week low of $3.30 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 847,466 shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to its 50-day moving average of $4.99, or even $5.50 a share.

Caladrius Biosciences

  • Thursday's Range: $0.58-$0.65
  • 52-Week Range: $0.40-$4.26
  • Thursday's Volume: 125,000
  • Three-Month Average Volume: 381,316

Caladrius Biosciences  (CLBS) , a clinical-stage biopharmaceutical company, develops cell based therapeutics in the U.S. This stock traded up 7.7% to 62 cents per share in Thursday's trading session.

From a technical perspective, Caladrius Biosciences spiked sharply higher on Thursday right above some near-term support at 55 cents per share with lighter-than-average volume. This stock recently gapped-down sharply lower over a number of consecutive trading sessions, from around $1.10 to 40 cents per share with massive downside volume flows. Following that move, shares of Caladrius Biosciences have started to rebound sharply off that 40-cent low, and it's now quickly moving within range of triggering a major breakout trade. That trade will trigger if this stock manages to take out Thursday's intraday high of 65 cents per share and then once it clears more key resistance at around 70 cents per share with high volume.

Traders should now look for long-biased trades in Caladrius Biosciences as long as it's trending above some key near-term support levels at 55 cents or at 50 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 381,316 shares. If that breakout materializes soon, then this stock will set up to re-fill some of its previous gap-down-day zone from early January that started near 90 cents per share.

Rice Energy

  • Thursday's Range: $8.51-$10.12
  • 52-Week Range: $7.92-$25.33
  • Thursday's Volume: 5.23 million
  • Three-Month Average Volume: 2.85 million

Rice Energy  (RICE) , an independent natural gas and oil company, engages in the acquisition, exploration and development of natural gas, oil and natural gas liquid properties in the Appalachian Basin. This stock traded up 12.3% to $9.63 in Thursday's trading session.

From a technical perspective, Rice Energy exploded higher on Thursday right above its new 52-week low of $7.92 a share with monster upside volume. This stock recently formed a double bottom chart pattern, after shares found some buying interest at $8.01 to $7.92 a share. Following that bottom, shares of Rice Energy have started to spike sharply higher with big volume, and it has started to flirt with its 20-day moving average of $9.77 a share. That high-volume trend is now quickly pushing shares of Rice Energy within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to clear Thursday's intraday high of $10.12 to more resistance at $10.35 and then above more key resistance levels at its 50-day moving average of $11.27 to $11.50 a share with high volume.

Traders should now look for long-biased trades in Rice Energy as long as it's trending above $9 or above Thursday's intraday low of $8.51 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 2.85 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 $13 to $14 a share.

Freeport-McMoRan

  • Thursday's Range: $3.97-$4.43
  • 52-Week Range: $3.52-$23.97
  • Thursday's Volume: 61.07 million
  • Three-Month Average Volume: 45.01 million

Freeport-McMoRan  (FCX - Get Report) , a natural resource company, engages in the acquisition of mineral assets and oil and natural gas resources. This stock traded up 6.3% to $4.33 in Thursday's trading session.

From a technical perspective, Freeport-McMoRan soared sharply higher on Thursday right off $4 a share with monster upside volume flows. This stock recently attempted to form a double bottom chart pattern, after shares found some buying interest at $3.65 to $3.52 a share. Following that potential bottom, shares of Freeport-McMoRan have now started to rip higher with volume, and it's quickly moving within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at Thursday's intraday high of $4.43 a share to some more key resistance at $4.58 a share with high volume.

Traders should now look for long-biased trades in Freeport-McMoRan as long as it's trending above Thursday's intraday low of $3.97 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 45.01 million shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out is next major overhead resistance levels at $5.50 to its 20-day moving average of $5.62, or even $6 a share.

Patriot National

  • Thursday's Range: $5.39-$6.45
  • 52-Week Range: $4.97-$19.32
  • Thursday's Volume: 620,000
  • Three-Month Average Volume: 380,090

Patriot National  (PN) , together with its subsidiaries, provides various outsourcing solutions within the workers compensation marketplace for insurance companies, employers, local governments, and reinsurance captives in the U.S. This stock traded up 15.7% to $6.41 in Thursday's trading session.

From a technical perspective, Patriot National ripped sharply higher on Thursday right above its new 52-week low of $4.97 a share and back above its 20-day moving average of $6.25 a share with strong upside volume flows. This high-volume surge to the upside is now quickly pushing shares of Patriot National within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if shares of Patriot National manages to clear some near-term overhead resistance levels at $6.50 to $6.83 a share and then above more resistance at $7 a share with high volume.

Traders should now look for long-biased trades in Patriot National as long as it's trending above $6 a share or above Thursday's intraday low of $5.39 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 380,090 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 around $8 a share or even its recent high from last December at $9.07 a share.

Orexigen Therapeutics

  • Thursday's Range: $1.76-$1.98
  • 52-Week Range: $1.39-$9.37
  • Thursday's Volume: 1.15 million
  • Three-Month Average Volume: 2.86 million

Orexigen Therapeutics  (OREX) , a biopharmaceutical company, focuses on the development of pharmaceutical products in the U.S. This stock traded up 5% to $1.88 in Thursday's trading session.

From a technical perspective, Orexigen Therapeutics jumped sharply higher on Thursday right off its 20-day moving average of $1.75 a share with lighter-than-average volume. This stock has been uptrending over the last few weeks, with shares moving higher off its recent low of $1.48 to its intraday high on Thursday of $1.98 a share. During that uptrend, shares of Orexigen Therapeutics have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed this stock within range of triggering a big breakout trade above some near-term overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $2 to its 50-day moving average of $2.01 a share with high volume.

Traders should now look for long-biased trades in Orexigen Therapeutics as long as it's trending above its 20-day moving average of $1.75 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 2.86 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 levels at $2.25 to around $2.50, or even $2.75 a share.

Diana Shipping

  • Thursday's Range: $2.47-$2.77
  • 52-Week Range: $2.05-$8.27
  • Thursday's Volume: 657,000
  • Three-Month Average Volume: 599,023


Diana Shipping
  (DSX - Get Report)  provides shipping transportation services. This stock traded up 4.8% to $2.61 in Thursday's trading session.

From a technical perspective, Diana Shipping spiked sharply higher on Thursday right off some near-term support at $2.50 a share with above-average volume. This stock has been uptrending a bit over the last few weeks, with shares moving higher off its new 52-week low of $2.05 to its intraday high on Thursday of $2.77 a share. During that uptrend, shares of Diana Shipping have been making mostly higher lows and higher highs, which is bullish technical price action. This short-term uptrend is coming after this stock collapsed over the last three months, after it fell from its recent high of $7.29 to that new low of $2.05 a share. Shares of Diana Shipping are now quickly moving within range of triggering a big breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance at $2.77 a share with high volume.

Traders should now look for long-biased trades in Diana Shipping as long as it's trending above some near-term support levels at $2.30 or at $2.20 a share or above its new 52-week low of $2.05 a share and then once it sustains a move or close above $2.77 a share with volume that registers near or above 599,023 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 $3.40 to its 20-day moving average of $3.50 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.