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.

Stocks that are in favor and making large moves is a segment of the market that I tweet about on a regular basis.These are also the exact type of stocks that I love to trade and alert to my subscribers in real-time.

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.

Xerium Technologies

  • Tuesday's Range: $5.20-$5.53
  • 52-Week Range: $4.15-$18.80
  • Tuesday's Volume: 46,373
  • Three-Month Average Volume: 115,035

Xerium Technologies (XRM) manufactures and supplies consumable products primarily used in the production of paper. This stock closed up 5.1% to $5.49 in Tuesday's trading session.

From a technical perspective, Xerium Technologies spiked notably higher right above its 20-day moving average of $5.06 a share with lighter-than-average volume. This trend to the upside on Tuesday is now quickly pushing shares of Xerium Technologies 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 $5.53 a share and then above more key resistance at $5.59 a share with high volume.

Traders should now look for long-biased trades in Xerium Technologies long as it's trending above some near-term support at $5.13 or above its 20-day moving average of $5.06 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 116,327 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 $6 to its 50-day moving average of $6.26, or even $7 a share.

Hertz Global

  • Tuesday's Range: $8.85-$9.44
  • 52-Week Range: $6.95-$22.63
  • Tuesday's Volume: 7.91 million
  • Three-Month Average Volume: 10.51 million

Hertz Global (HTZ - Get Report) engages in the rental and lease of cars and trucks worldwide. This stock traded up 7.6% to $9.44 in Tuesday's trading session.

From a technical perspective, Hertz Global ripped sharply higher on Tuesday right above some near-term support at $8.76 a share and back above its 20-day moving average of $9.31 a share with lighter-than-average volume. This trend to the upside is now quickly pushing shares of Hertz Global within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to clear its 50-day moving average of $9.58 a share and then once it clears more key resistance at around $10 a share with high volume.

Traders should now look for long-biased trades in Hertz Global s as long as it's trending above some near-term support at $8.76 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 10.51 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 $10.68 to $11.35, or even $11.91 a share.

SunCoke Energy

  • Tuesday's Range: $6.90-$7.57
  • 52-Week Range: $2.05-$17.96
  • Tuesday's Volume: 1.41 million
  • Three-Month Average Volume: 1 million

SunCoke Energy (SXC - Get Report) operates as an independent producer of coke in the Americas. This stock traded up 9.1% to $7.52 in Tuesday's trading session.

From a technical perspective, SunCoke Energy ripped sharply higher on Tuesday right off its 20-day moving average of $6.81 a share with strong upside volume flows. This stock has been uptrending incredibly strong over the last four months, with shares moving sharply higher off its 52-week low of $2.05 a share to its recent high of $8.08 a share. During that uptrend, this stock has been consistently making higher lows and higher highs, which is bullish technical price action. Shares of SunCoke Energy are now quickly moving within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to clear Tuesday's intraday high of $7.57 a share to some more key resistance at $8.08 a share with high volume.

Traders should now look for long-biased trades in SunCoke Energy as long as it's trending above its 20-day moving average of $6.81 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1 million shares. If that breakout fires soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $9.70 to $10, or $10.50 to $11 a share.

SeaDrill

  • Tuesday's Range: $3.80-$4.07
  • 52-Week Range: $1.57-$15.44
  • Tuesday's Volume: 9.40 million
  • Three-Month Average Volume: 16.06 million

SeaDrill (SDRL - Get Report) , an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. This stock traded up 4.9% to $4.02 in Tuesday's trading session.

From a technical perspective, SeaDrill spiked sharply higher on Tuesday right off some near-term support at $3.75 a share with lighter-than-average volume. This stock has been uptrending over the last month or so, with shares moving higher off its low of $2.70 a share to its recent high of $4.68 a share. During that uptrend, shares of SeaDrill have been making mostly higher lows and higher highs, which is bullish technical price action. That strong trend has now pushed this stock 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 $4.25 to $4.50 a share and then above more key resistance at $4.68 a share with high volume.

Traders should now look for long-biased trades in SeaDrill as long as it's trending above some near-term support at $3.75 a share or above its 20-day moving average of $3.54 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 16.06 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 its 200-day moving average of $5.22 to $5.50, or even $6.50 a share.

North Atlantic Drilling

  • Tuesday's Range: $2.89-$3.45
  • 52-Week Range: $1.36-$16.80
  • Tuesday's Volume: 322,000
  • Three-Month Average Volume: 189,573

North Atlantic Drilling (NADL) operates as an offshore drilling services contractor in the North Atlantic region. This stock traded up 11.1% to $3.29 in Tuesday's trading session.

From a technical perspective, North Atlantic Drilling exploded sharply higher on Tuesday right off its 20-day moving average of $2.85 a share with strong upside volume flows. This high-volume rip to the upside briefly pushed this stock into breakout territory, since shares of North Atlantic Drilling flirted with some near-term overhead resistance at $3.40 a share. Market players should now look for a continuation move to the upside in the short-term if this stock manages to clear Tuesday's intraday high of $3.45 a share with strong upside volume flows.

Traders should now look for long-biased trades in North Atlantic Drilling as long as it's trending above its 20-day moving average of $2.85 a share or above its 50-day moving average of $2.71 a share and then once it sustains a move or close above Tuesday's intraday high of $3.45 a share with volume that hits near or above 189,573 shares. If that move gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $3.97 to $4.36, or even $4.50 to $5 a share.

Stone Energy

  • Tuesday's Range: $0.88-$1.01
  • 52-Week Range: $0.55-$17.49
  • Tuesday's Volume: 4.08 million
  • Three-Month Average Volume: 4.71 million

Stone Energy (SGY) , an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development and operation of oil and gas properties in the Gulf of Mexico. This stock traded up 8.8% to 98 cents per share in Tuesday's trading session.

From a technical perspective, Stone Energy ripped sharply higher on Tuesday right off its 20-day moving average of 85 cents per share with decent upside volume flows. This strong spike to the upside is now quickly pushing shares of Stone 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 take out some near-term overhead resistance levels at $1.03 to $1.08 a share with high volume.

Traders should now look for long-biased trades in Stone Energy as long as it's trending above its 20-day moving average of 85 cents per share or above more near-term support at 81 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 4.71 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 $1.35 to its 50-day moving average of $1.46, or even $1.60 to $1.88 a share.

Abraxas Petroleum

  • Tuesday's Range: $1.15-$1.20
  • 52-Week Range: $0.65-$3.85
  • Tuesday's Volume: 613,000
  • Three-Month Average Volume: 777,149

Abraxas Petroleum (AXAS - Get Report) , an independent energy company, engages in the acquisition, exploitation, development and production of oil and gas properties in the U.S. This stock traded up 2.6 % to $1.18 in Tuesday's trading session.

From a technical perspective, Abraxas Petroleum trended notably higher on Tuesday right above some near-term support at $1.10 a share with decent upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher off its low of 89 cents per share to its recent high of $1.22 a share. During that uptrend, shares of Abraxas Petroleum have been consistently making higher lows and higher highs, which is bullish technical price action. This rip higher on Tuesday is now quickly pushing shares of Abraxas Petroleum within range of triggering a major 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 $1.22 to $1.25 a share and then above more resistance at $1.31 a share to its 200-day moving average of $1.33 a share with high volume.

Traders should now look for long-biased trades in Abraxas Petroleum as long as it's trending above some near-term support at $1.10 a share or above more support at its 50-day moving average of $1.02 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 777,149 shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $1.50 to $1.70, or even $1.95 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.