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 CollabRx (CLRX) , which exploded higher by 87%; Biocept (BIOC) - Get Report , which ripped sharply higher by 40%; Helios and Matheson Analytics (HMNY), which soared higher by 31%; and SFX Entertainment (SFXE) , which spiked sharply higher by 29%. 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.

Synergy Pharmaceuticals

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One under-$10 biopharmaceutical stock that's quickly trending within range of triggering a major breakout trade is Synergy Pharmaceuticals (SGYP) - Get Report , which focuses on the development of drugs to treat gastrointestinal disorders and diseases. This stock has been under selling pressure over the last six months, with shares trading off by 19%.

If you take a glance at the chart for Synergy Pharmaceuticals, you'll notice that this stock ripped to the upside on Wednesday with shares of SGYP flirting with its 50-day moving average of $2.99 a share with strong upside volume flows. Volume on Wednesday registered over 1.36 million shares, which is well above its three-month average action of 760,913 shares. That move is now quickly pushing shares of SGYP within range of triggering a major breakout trade above a key downtrend line that has held as resistance for over four months.

Traders should now look for long-biased trades in SGYP if it manages to break out above some near-term overhead resistance levels at $3.09 to $3.11 a share and then above $3.21 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 760,913 shares. If that breakout materializes soon, then SGYP will set up to re-test or possibly take out its next major overhead resistance levels at $3.40 to $3.72 a share. Any high-volume move above $3.72 a share will then give SGYP a chance to tag or trend north of $4 a share.

Traders can look to buy SGYP off weakness to anticipate that breakout and simply use a stop that sits right around some key support levels at $2.75 to $2.65 a share. One can also buy SGYP 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.

Enduro Royalty Trust

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An under-$10 energy stock that's starting to trend within range of triggering a big breakout trade is Enduro Royalty Trust (NDRO) , which is engaged in the production and development of oil and natural gas from properties located in the Rockies, the Permian Basin of west Texas and southeastern New Mexico, and the Arklatex region of Texas and Louisiana. This stock has been crushed by the sellers over the last six months, with shares plunging lower by 63%.

If you take a look at the chart for Enduro Royalty Trust, you'll see that this stock has been attempting to carve out a major bottoming chart pattern over the last three months, with shares finding buying interest at $4.42, $4.65 and $4.68 a share. Shares of NDRO have now started to spike higher right above those support levels and its beginning to push within range of triggering a big breakout trade above a key downtrend line. That downtrend line has acted as stiff resistance for around three months.

Market players should now look for long-biased trades in NDRO if it manages to break out above its 50-day moving average of $4.96 a share and then above some more key overhead resistance levels at $5.16 to $5.50 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 361,398 shares. If that breakout gets set off soon, then NDRO will set up to re-test or possibly take out its next major overhead resistance levels at $5.74 to $6.45 a share.

Traders can look to buy NDRO off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $4.65 to $4.42 a share. One can also buy NDRO 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.

Sportsman's Warehouse

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One under-$10 consumer goods stock that's starting to move within range of triggering a near-term breakout trade is Sportsman's Warehouse (SPWH) - Get Report , which operates as an outdoor sporting goods retailer in the U.S. This stock has been moving to the upside over the last six months, with shares higher by 21.5%.

If you take a glance at the chart for Sportsman's Warehouse, you'll notice that this stock has been uptrending over the last month and change, with shares moving higher from its low of $6.15 to its recent high of $7.42 a share. During that uptrend, shares of SPWH have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of SPWH bounced off Wednesday's intraday low of $6.80 a share and the stock closed the session back above both its 50-day and 200-day moving averages. That move is now quickly pushing shares of SPWH within range of triggering a near-term breakout trade above some key overhead resistance levels.

Traders should now look for long-biased trades in SPWH if it manages to break out above some near-term overhead resistance levels at $7.42 to $7.58 a share and then above more resistance at $7.78 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 201,059 shares. If that breakout begins soon, then SPWH will set up to re-test or possibly take out its next major overhead resistance level at $8.32 a share. Any high-volume move above $8.32 a share will then give SPWH a chance to tag its next major overhead resistance levels at $8.73 to $9.50 a share.

Traders can look to buy SPWH off weakness to anticipate that breakout and simply use a stop that sits around some near-term support levels at $6.50 or at $6.15 a share. One can also buy SPWH 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.

Bind Therapeutics

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Another under-$10 stock that's starting to spike within range of triggering a near-term breakout trade is Bind Therapeutics (BIND) , which develops various targeted and programmable therapeutics. This stock has been hit hard by the sellers over the last six months, with shares down large by 34.1%.

If you look at the chart for BIND Therapeutics, you'll see that this stock has been making higher lows over the last two months, following a monster gap-up move back in early January where the stock soared intraday from its $5.13 low to its $10.04 a share high. Shares of BIND jumped sharply higher on Wednesday right above some near-term support at $5.66 a share and back above its 50-day moving average of $6.21 a share. That spike is now quickly pushing shares of BIND within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in BIND if it manages to break out above Wednesday's intraday high of $6.39 a share and then above more key near-term overhead resistance at $6.75 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 885,533 shares. If that breakout develops soon, then BIND will set up to re-test or possibly take out its next major overhead resistance level at $7.57 a share. Any high-volume move above that level will then give BIND a chance to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $8.43 a share to $10.04 a share.

Traders can look to buy BIND off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $5.66 a share. One can also buy BIND off strength once it starts to trend above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Bellatrix Exploration

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One final under-$10 stock that's starting to trend within range of triggering a major breakout trade is Bellatrix Exploration (BXE) - Get Report , which is engaged in the exploration for and the acquisition, development,and production of oil and natural gas reserves in Canada. This stock has been hammered by the sellers over the last six months, with shares sliding sharply lower by 57%.

If you take a glance at the chart for Bellatrix Exploration, you'll see that this stock has been uptrending strong over the last month, with shares moving higher from its new 52-week low of $1.86 a share to its recent high of $3.16 a share. During that uptrend, shares of BXE have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of BXE spike sharply higher on Wednesday back above its 50-day moving average of $2.84 a share with strong upside volume flows. Volume on the day registered over 978,000 shares, which is well above its three-month average action of 694,833 shares. That move is now quickly pushing shares of BXE 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 BXE if it manages to break out above Wednesday's intraday high of $2.94 a share and then above more near-term overhead resistance at $3.16 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 694,833 shares. If that breakout gets started soon, then BXE will set up re-test or possibly take out its next major overhead resistance levels at $3.81 to $3.91 a share, or even $4.28 to around $4.50 a share.

Traders can look to buy BXE off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $2.67 to $2.50 a share. One can also buy BXE 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.

-- Written by Roberto Pedone in Delafield, Wis.

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At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.