DELAFIELD, Wis. (Stockpickr) -- There isn't a day that goes by on Wall Street when certain stocks trading for 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 big movers in the under-$10 complex from Wednesday, including InfoSonics (IFON) , which exploded higher by 59.4%; Aveo Pharmaceuticals (AVEO) - Get Report, which spiked to the upside by 33.9%; Novogen (NVGN) , which soared higher by 33.6%; and Supertel Hospitality (SPPR) , which jumped higher by 19.3%. 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.

Repros Therapeutics

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One under-$10 stock that's starting to trend within range of triggering a major breakout trade is Repros Therapeutics (RPRX) , which focuses on the development of new drugs to treat hormonal and reproductive system disorders in the U.S. This stock has been slammed by the sellers over the last six months, with shares down sharply by 43%.

If you take a glance at the chart for Repros Therapeutics, you'll see that this stock has been uptrending a bit over the last month, with shares moving higher from its low of $7.60 to its recent high of $9.86 a share. During that uptrend, shares of RPRX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RPRX within range of triggering a major breakout trade above a key downtrend line that dates back to last November.

Traders should now look for long-biased trades in RPRX if it manages to break out above some key overhead resistance levels at $9.96 a share to just above $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 411,470 shares. If that breakout develops soon, then RPRX will set up to re-test or possibly take out its next major overhead resistance levels at $10.55 to $10.72 a share, or even $11.21 to its 200-day moving average of $11.79 a share.

Traders can look to buy RPRX off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $8.94 to right around some more near-term support at $8.66 a share. One can also buy RPRX 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.

Penn Virginia

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Another under-$10 stock that's starting to move within range of triggering a big breakout trade is Penn Virginia (PVA) , which explores, develops and produces crude oil, natural gas liquids and natural gas in various onshore regions of the U.S. This stock has been a hot play for the bulls over the last three months, with shares up large by 41%.

If you take a look at the chart for Penn Virginia, you'll see that this stock recently formed a major bottoming chart pattern, after shares found buying interest at $4.32, $4.41 and $4.55 a share. Following that bottom, shares of PVA have started to rip sharply higher with the stock trending back above its 50-day moving average. This stock is now quickly moving within range of triggering a big breakout trade above some key near-term overhead resistance levels.

Market players should now look for long-biased trades in PVA if it manages to break out above some key near-term overhead resistance levels at $7.21 to $7.50 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 4.57 million shares. If that breakout gets started soon, then PVA will set up to re-test or possibly take out its next major overhead resistance levels at $8.95 to $9.63 a share, or even its 200-day moving average of $10.48 a share.

Traders can look to buy PVA off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $6.37 a share or its 50-day at $6.15 a share, or even more support at $5.85 a share. One can also buy PVA 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.

Synta Pharmaceuticals

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An under-$10 biopharmaceutical player that's quickly moving within range of triggering a big breakout trade is Synta Pharmaceuticals (SNTA) , which focuses on the discovery, development, and commercialization of small molecule drugs for treating severe medical conditions, including cancer and chronic inflammatory diseases. This stock has been under selling pressure over the last six months, with shares down sharply by 38%.

If you take a glance at the chart for Synta Pharmaceuticals, you'll see that this stock has just come out of a downtrend that lasted three months, with shares of SNTA falling sharply from its last November high of $344 to its recent low of $2.18 a share. Since tagging that low, shares of SNTA have reversed its downtrend and started a slight uptrend, with the stock moving higher off $2.18 to its recent high of $2.48 a share. That move is now quickly pushing shares of SNTA within range of triggering a major breakout trade above a key downtrend line resistance.

Traders should now look for long-biased trades in SNTA if it manages to break out above some key near-term overhead resistance levels at $2.50 to $2.60 a share and above its 50-day moving average of $2.51 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 volume of 930,505 shares. If that breakout hits soon, then SNTA will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.20 a share, or even its 200-day moving average of $3.37 a share.

Traders can look to buy SNTA off weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support levels at $2.22 to $2.18 a share. One can also buy SNTA 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.

Basic Energy

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An under-$10 energy stock that's starting to trend within range of triggering a big breakout trade is Basic Energy Services (BAS) - Get Report, which provides well site services to oil and natural gas drilling and producing companies in the U.S. This stock has been destroyed by the bears over the last six months, with shares falling sharply by 65%.

If you look at the chart for Basic Energy Services, you'll notice that this stock has been uptrending strong over the last two months, with shares moving higher from its low of $5.26 to its intraday high of $8.10 a share. During that uptrend, shares of BAS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of BAS back above its 50-day moving average. This stock also broke out on Wednesday above some near-term overhead resistance at $7.80 a share with decent upside volumes flows. That move is now quickly pushing shares of BAS within range of triggering a big breakout trade above some past overhead resistance.

Market players should now look for long-biased trades in BAS if it manages to break out above Wednesday's intraday high of $8.10 a share and then above some key past overhead resistance at $8.18 a share 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 3.51 million shares. If that breakout materializes soon, then BAS will set up to re-test or possibly take out its next major overhead resistance level at $10 a share. Any high-volume move above $10 a share will then give BAS a chance to re-fill some of its previous gap-down-day zone from last November that started near $12 a share.

Traders can look to buy BAS off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $6.67 a share. One can also buy BAS 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.

Pengrowth Energy

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One final under-$10 energy stock that's starting to spike higher within range of triggering a big breakout trade is Pengrowth Energy (PGH) , which acquires, explores for, develops and produces oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia in Canada. This stock has been hammered by the sellers over the last six months, with shares down large by 45%.

If you take a glance at the chart for Pengrowth Energy, you'll see that this stock has been basing over the last month, right above its 50-day moving average of $3.09 a share. While shares of PGH have based, this stock has been finding buying interest right above $3 a share. This base is setting up a flag chart pattern that's now starting to push shares of PGH within range of triggering a major breakout trade above some key near-term overhead resistance levels.

Traders should now look for long-biased trades in PGH if it manages to break out above some near-term overhead resistance levels at $3.40 to $3.50 a share and then above $3.62 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 3.59 million shares. If that breakout gets started soon, then PGH will set up re-fill its previous gap-down-day zone from last November that started near $4 a share. Any high-volume move above $4 to $4.04 will then give PGH a chance to tag $4.30 to its 200-day moving average of $4.62 a share.

Traders can look to buy PGH off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $3.09 a share or near $2.75 a share. One can also buy PGH 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.

-- Written by Roberto Pedone in Delafield, Wis.

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