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 sod risk management are banking ridiculous coin on a regular basis.

Just take a look at some of the monster movers to the upside in the under-$10 complex from Wednesday, including Forward Industries(FORD) - Get Report, which exploded higher by 39.2%; LookSmart (LOOK) , which surged higher by 38.8%; Pacific Sunwear of California (PSUN) , which ripped up by 27.5%; and Professional Diversity Network(IPDN) - Get Report, which jumped to the upside by 20%. 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 stocks, I do it almost entirely based off of the charts and technical analysis. I also like to find under-$10 stocks 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.

Aqua Metals

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One under-$10 stock that's starting to trend within range of triggering a big breakout trade is Aqua Metals(AQMS) - Get Report, which engages in the business of recycling lead. This stock is off modestly since it came pubic a few weeks ago, with shares down by around 6.5%.

If you take a glance at the chart for Aqua Metals, you'll notice that this stock recently broke below its all-time low of $4.66 a share, after hitting some resistance at around $5.75 a share. The break below that $4.66 low didn't last long, since shares of Aqua Metals tagged a new all-time low of $4.50 a share and quickly bounced back to around $5 a share. That bounce is now starting to push shares of Aqua Metals within range of triggering a big breakout trade above a key downtrend line that dates back to its all-time high of $6.55 a share.

Market players should now look for long-biased trades in shares of Aqua Metals if it manages to break out above a key downtrend line that will trigger over $5.20 to $5.40 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 93,222 shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $5.75 to $6, or even its all-time high of $6.55 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $4.80 to $4.60 a share or even around its all-time low of $4.50 a share. One can also buy shares of Aqua Metals 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.

RetailMeNot

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Another under-$10 stock that's starting to trend within range of triggering a major breakout trade is RetailMeNot (SALE) , which operates a digital coupon marketplace. This stock has been smacked lower over the last three months, with shares down large by 57.4%.

If you take a look at the chart for RetailMeNot, you'll notice that this stock recently gapped down big from over $14 to below $9 a share with heavy downside volume flows. Following that move, shares of RetailMeNot broke its previous low at $8.05 and printed a new all-time low at $7.66 a share. This stock has now started to rip higher off that $7.66 low and it's quickly moving within range of triggering a major breakout trade above a key downtrend line. This move higher from that $7.66 low is also coming off extremely oversold levels, since its current relative strength index reading is 27.2.

Market players should now look for long-biased trades in RetailMeNot if it manages to break out above that key downtrend line that will trigger over $9 to $9.53 a share and then above its 20-day moving average of $9.90 to its gap-down-day high of $10.50 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 of 634,137 shares. If that breakout gets started soon, then this stock will set up to re-fill some of its previous gap-down-day zone from earlier this month that started near $14 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $8 or at its new all-time low of $7.66 a share. One can also buy shares of RetailMeNot 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.

C&J Energy Services

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One under-$10 energy player that's starting to reverse within range of triggering a major breakout trade is C&J Energy Services (CJES) , which provides completion and production services for oil and gas industry primarily in North America. This stock has been destroyed by the bears over the last three months, with shares down huge by 77.2%.

If you take a glance at the chart for C&J Energy Services, you'll notice that this stock has been downtrending badly for the last four months, with shares plunging sharply lower from its high of $18.45 to its new all-time low of $2.97 a share. During that downtrend, shares of C&J Energy Services have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound off that $2.97 low with massive upside volume flows. Volume on Wednesday registered 6.85 million shares, which is well above its three-month average action of 2.20 million shares. That rebound is now quickly pushing this stock within range of triggering a major breakout trade.

Traders should now look for long-biased trades in C&J Energy Services if it manages to break out above Wednesday's intraday high of $3.53 and then above more near-term overhead resistance levels at $3.70 to $3.81 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 2.20 million shares. If that breakout triggers soon, then this stock will set up to re-fill its recent gap-down-day zone from a few days ago that started at $5.05 a share. If that gap gets filled with volume, then this stock could even tag $6 to its 20-day moving average of $6.80 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right below Wednesday's intraday low of $3.14 or below its new all-time low at $2.97 a share. One can also buy shares of C&J Energy Services 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.

Rayonier Advanced Materials

An under-$10 basic materials player that's starting to spike within range of triggering a major breakout trade is Rayonier Advanced Materials(RYAM) - Get Report, which manufactures and sells cellulose specialty products in the U.S., China, Japan, Canada, Europe, Latin America and other Asian countries. This stock has been destroyed by the bears over the last three months, with shares down big by 58.2%.

If you look at the chart for Rayonier Advanced Materials, you'll see that this stock recently gapped down huge from around $13 a share to its new all-time low at $6 a share with massive downside volume. This huge move to the downside has now pushed shares of Rayonier Advanced Materials into oversold territory, since its current relative strength index reading is 27.3. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. This stock has started to bounce some off that $6 low and it's now starting to trend within range of triggering a major breakout trade.

Market players should now look for long-biased trades in Rayonier Advanced Materials if it manages to break out above some key near-term overhead resistance levels at $7.28 to $7.78 a share and then above more resistance at $7.85 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 1 million shares. If that breakout develops soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started at $13 a share.

Traders can look to buy Rayonier Advanced Materials off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $6.15 to its new all-time low of $6 a share. One can also buy this stock 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.

Regulus Therapeutics

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One final under-$10 stock that's starting to trend within range of triggering a near-term breakout trade is Regulus Therapeutics(RGLS) - Get Report, which focuses on the discovery and development of drugs that target microRNAs for the treatment of various diseases in the U.S. This stock has been hit hard by the bears over the last six months, with shares down massive by 62.6%.

If you take a glance at the chart for Regulus Therapeutics, you'll notice that this stock has been attempting to carve out a major bottoming chart pattern over the last month or so, with shares finding buying interest at $6.41 to $6.47 a share. This potential bottom is coming after a massive downtrend for Regulus Therapeutics, which saw the stock crash over the last six months from over $20 a share to its recent low of $6.41 a share. This stock has now started to consolidate and trend sideways over the last few weeks, with shares moving between $6.41 on the downside and around $8 on the upside.

Traders should now look for long-biased trades in Regulus Therapeutics if it manages to break out above some key near-term overhead resistance levels at its 20-day moving average of $7.42 to $8 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 of 824,262 shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $9.05 to possibly $10 a share.

Traders can look to buy Regulus Therapeutics off weakness to anticipate that breakout and simply use a stop that sits right below its recent low of $6.41 a share. One can also buy this stock 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.