5 Technical Trades Under $10

BALTIMORE (Stockpickr) -- There's just something about the small stocks. Small stocks -- namely the ones priced under $10 per share -- tend to be more exciting than their higher-priced brethren. Their price swings are more pronounced, and they historically rally the hardest after pricier names have already puttered out.

And of course, that increased volatility goes hand-in-hand with increased upside potential.

A lot of what drives small stock performance is psychological. A share price under $10 gets a lot of people thinking "cheap" regardless of valuation; that's especially true among newer investors, who put a lot of weight on share price when making investment decisions. The truth is that even more risk-averse investors can find attractive trading opportunities in low-priced stocks, it's just a matter of identifying the high-probability setups.

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That's why we're taking a technical look at five stocks under $10 that are forming attractive trading setups this week.

For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.

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While some of the names we're looking at today are hardly small, their low prices mean that they still trade the same way. Without further ado, here's a look at five technical setups under $10.

 

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