An earlier version of this story provided an incorrect company description for Tanzanian Royalty. We apologize for the error.
WINDERMERE, Fla. (Stockpickr) -- There isn't a day that goes by on Wall Street where stocks trading near or under $10 a share don't experience massive spikes higher. Traders savvy enough to follow the low-priced names and trade them with discipline and sound risk management are banking ridiculous coin on a regular basis.
Just take a look at some of the hot movers on Thursday in the under-$10 complex, including BluePhoenix Solutions (BPHX), which closed up a whopping 18%; Fonar (FONR), which finished up 18%; PFSweb (PFSW), which ended up 18%; and Smith & Wesson (SWHC), which soared to close over 11% (and which I featured yesterday in "8 Stocks Under $10 Moving Higher"). You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading.
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