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TheStreet Open House

5 Stocks Under $10 Poised to Pop in June

Stocks in this article: NOKAKSPMCSSDJCP

BALTIMORE (Stockpickr) -- There's no question about it: Some of the biggest price action comes from the lowest-priced stocks.

>>5 Stocks Setting Up to Break Out

From a psychological standpoint, there's something magnetic about low-priced names. That's the only explanation for the elevated trading volumes in the under-$10 stocks.

Just so we're clear, a low share price doesn't necessarily mean that we're talking about a small company, or even a "cheap" one by valuation standards. In fact, by itself, share price isn't a very useful metric at all. But it's true that lower-priced names tend to trade more actively than pricier stocks of similar market capitalization. And when stocks under $10 start making moves, the gains can be substantial on a percentage basis.

>>Buy These 5 Rocket Stocks to Beat the Market

Since the beginning of the month, low-priced stocks are starting to see favor in the broad market again as investors crank up their risk tolerances. That means that we're seeing some actionable technical setups pop up again in this corner of the market. Today, we'll take a closer look at five of them.

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.

>>5 Blue-Chip Stocks to Trade for Gains

Without further ado, let's take a look at five technical setups worth trading now.

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