DELAFIELD, Wis. (Stockpickr) -- Despite the recent bearish price action in U.S. stocks, a number of small-cap equities have countertrended and advanced to the upside. 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 in light of what the overall market is doing.

Just take a look at some of the large movers in the under-$10 complex from Thursday, including Lentuo International (LAS) , which ripped higher by 20.5%; Conatus Pharmaceuticals(CNAT) - Get Report, which spiked higher by 17.3%; Hanwha Q Cells(HQCL) - Get Report, which jumped to the upside by 14.6%; and Anadigics (ANAD) , which trended higher by 13%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading.

Low-priced stocks are something that I tweet about on a regular basis. I frequently flag high-probability setups, breakout candidates and low-priced stocks that are acting technically bullish. I like to hunt for low-priced stocks that are showing bullish price and volume trends, since that increases the probability of those stocks heading higher. These setups often produce monster moves higher in very short time frames.

When I trade under-$10 names, I do it almost entirely based off of the charts and technical analysis. I also like to find under-$10 names with a catalyst, but that's secondary to the chart and volume patterns.

With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels.

Seventy Seven Energy

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One under-$10 oil and gas equipment services player that's starting to trend within range of triggering a big breakout trade is Seventy Seven Energy (SSE) , which provides oilfield services in the U.S. This stock has been destroyed by the sellers over the last six months, with shares down sharply by 83.9%.

If you take a glance at the chart for Seventy Seven Energy, you'll notice that this stock has been downtrending badly for the last six months, with shares falling sharply from over $20 a share to its recent low of $2.79 a share. During that downtrend, shares of SSE have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of SSE have started to come off that low at $2.79 a share with strong upside volume flows. This rebound is now starting to push shares of SSE within range of triggering a big breakout trade above a key downtrend line that dates back over three months.

Market players should now look for long-biased trades in SSE if it manages to break out above that key downtrend line that will trigger just above $3.60 to $4 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 689,061 shares. If that breakout triggers soon, then SSE will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $4.35 to around $5 a share, or even $5.50 a share.

Traders can look to buy SSE off weakness to anticipate that breakout and simply use a stop that sits right below $3.25 to around $3 a share. One can also buy SSE off strength once it starts to take out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

CHC Group

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Another under-$10 stock that's quickly moving within range of triggering a big breakout trade is CHC Group (HELI) , which provides commercial helicopter services to the offshore oil and gas industry worldwide. This stock has been taken to the woodshed by the bears over the last six months, with shares down huge by 78%.

If you take a look at the chart for CHC Group, you'll notice that this stock has been plunging lower over the last month, with shares dropping from its high of $2.53 to its new 52-week low of $1.09 a share. During that move, shares of HELI have been consistently making lower highs and lower lows, which is bearish technical price action. That move has also pushed shares of HELI into extremely oversold territory, since this stock now has a relative strength index reading of around 29.9. Shares of HELI have started to rebound off those oversold levels and off that $1.09 low, and it's now moving within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in HELI if it manages to break out above some key near-term overhead resistance levels at $1.35 to $1.36 a share and then above $1.50 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action 367,223 shares. If that breakout kicks off soon, then HELI will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $1.96 to possibly $2.50 a share.

Traders can look to buy HELI off weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support at around $1.20 a share. One can also buy HELI off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

FMSA Holdings

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One under-$10 stock that's starting to trend within range of triggering a big breakout trade is FMSA Holdings (FMSA) , which primarily provides sand-based proppant solutions for oilfield service, and exploration and production companies to enhance the productivity of their oil and gas wells. This stock has been hammered by the bears over the last six months, with shares off sharply by 59%.

If you take a glance at the chart for FMSA Holdings, you'll see that this stock trended modestly higher on Thursday while the market sold off right above its 50-day moving average of $6.08 a share with strong upside volume flows. Volume on Thursday registered over 1.44 million shares, which is well above its three-month average action of 895,666 shares. That move is now quickly pushing shares of FMSA within range of triggering a big breakout trade above a key downtrend line that dates back to last December.

Traders should now look for long-biased trades in FMSA if it manages to break out above that key downtrend line that starts at around $6.60 to $6.90 a share and then above more resistance at $7.10 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 895,666 shares. If that breakout develops soon, then FMSA will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8.24 a share, or even $9 a share.

Traders can look to buy FMSA off weakness to anticipate that breakout and simply use a stop that sits just below its 50-day moving average of $6.08 a share or around $5.50 a share. One can also buy FMSA off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Approach Resources

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Another under-$10 energy player that's starting to trend within range of triggering a big breakout trade is Approach Resources(AREX) - Get Report, which focuses on the exploration, development, production and acquisition of unconventional oil and gas reserves in the U.S. This stock has been slammed by the sellers over the last six months, with shares off sharply by 50.4%.

If you look at the chart for Approach Resources, you'll see that this briefly bounced to the upside on Thursday right off its 50-day moving average of $7.10 a share. Shares of AREX tagged an intraday high of $8.07 a share before pulling back to close at $7.42 a share. Despite that pullback, shares of AREX are still trading inside of an uptrend that started when the stock hit $6.09 a share a few weeks ago. Shares of AREX are now trending within range of triggering a big breakout trade above a key downtrend line that dates back to last November.

Market players should now look for long-biased trades in AREX if it manages to break out above that key downtrend line that starts at around $8 a share and then above more resistance at $8.34 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 1.53 million shares. If that breakout materializes soon, then AREX will set up to re-test or possibly take out its next major overhead resistance levels at $9.15 to $10 a share.

Traders can look to buy AREX off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $7.10 a share or near more support at $6.50 a share. One can also buy AREX off strength once it starts to bust above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Denbury Resources

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One final under-$10 energy stock that's starting to trend higher within range of triggering a near-term breakout trade is Denbury Resources(DNR) - Get Report, which operates as an independent oil and natural gas company in the U.S. This stock has been smashed lower by sellers over the last six months, with shares down sharply by 48.5%.

If you take a glance at the chart for Denbury Resources, you'll see that this stock recently formed a double bottom chart pattern at $6.89 to $6.98 a share. Shares of DNR have now started to spike higher off those support levels with decent upside volume and it's quickly moving within range of triggering a near-term breakout trade above some key overhead resistance levels. This breakout, if it hits soon, would also push shares of DNR above a key downtrend line that dates back to mid-February.

Traders should now look for long-biased trades in DNR if it manages to break out above that key downtrend line that will start to trigger above $8 to$8.08 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action 13.84 million shares. If that breakout develops soon, then DNR will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $9.21 a share, or even $10.30 a share.

Traders can look to buy DNR off weakness to anticipate that breakout and simply use a stop that sits right below those recent double bottom support levels at $6.98 to $6.89 a share. One can also buy DNR off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.