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 big movers to the upside in the under-$10 complex from Wednesday, including Casi Pharmaceuticals (CASI) - Get Report , which skyrocketed higher by 40.2%; Yingli Green Energy (YGE) , which exploded higher by 27.8%; Digirad (DRAD) - Get Report , which spiked big by18.7%; and MGT Capital Investments (MGT) , which ripped up by 18.3%. 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 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.

Verastem

Image placeholder title

One under-$10 biopharmaceutical stock that's staring to move within range of triggering major breakout trade is Verastem (VSTM) - Get Report , which focuses on discovering and developing proprietary small molecule drugs targeting cancer stem cells. This stock has been annihilated by the bears over the last six months, with shares plunging lower by 81.5%.

If you take a glance at the chart for Verastem, you'll notice that this stock gapped down sharply lower in late September from $6 a share to $1.50 a share with monster downside volume. Following that move, shares of Verastem have started to enter a bit of an uptrend, with the stock moving higher off that $1.50 low to its recent high of $2.17 a share. During that uptrend, this stock has been so far making higher lows, which is bullish technical price action. This stock is now starting to trend within range of triggering a major breakout trade above some key near-term overhead resistance levels.

Market players should now look for long-biased trades in shares of Verastem if it manages to break out above some key near-term overhead resistance levels at $2 to $2.17 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 849,898 shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its gap-down-day high of $2.74 a share. Any high-volume move above that level will then give this stock a chance to re-fill some of that previous gap-down-day zone that started at $6 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right under some near-term support at around $1.80 a share. One can also buy shares of Verastem 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.

SunEdison

Image placeholder title

Another under-$10 semiconductor player that's starting to spike within range of triggering a big breakout trade is SunEdison (SUNE) , which develops, manufactures, and sells silicon wafers to the semiconductor industry. This stock has been smoked by the bears over the last three months, with shares down sharply by 70.8%.

If you take a look at the chart for SunEdison, you'll notice that this stock has been uptrending over the last few weeks with heavy upside volume flows, with the stock trending higher off its low of $6.56 to its recent high of $10.07 a share. During that uptrend, shares of SunEdison have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now quickly pushed this stock within range of triggering a big breakout trade above a key downtrend line that dates back to August.

Market players should now look for long-biased trades in SunEdison if it manages to break out above that downtrend line which will trigger over resistance levels at $9.50 to $10.07 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 34.51 million shares. If that breakout develops 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 $11.18 to $11.63, or even $12 to $13.22 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 $8.57 to $8.33 a share. One can also buy shares of SunEdison 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.

Internap

Image placeholder title

An under-$10 tech stock that's starting to trend within range of triggering a big breakout trade is Internap (INAP) - Get Report , which provides information technology infrastructure services. This stock has been smacked down by the sellers over the last six months, with shares off sharply by 39.9%.

If you take a glance at the chart for Internap, you'll notice that this stock recently gapped down sharply lower from around $8.50 a share to under $6.75 a share with heavy downside volume flows. Following that move, shares of Internap went on to print a new 52-week low of $5.75 a share. This stock has now started to rebound higher off that $5.75 low, and for the last few weeks shares of Internap have been printing higher lows during that rebound. This stock ripped higher on Wednesday right above some near-term support at $6.11 a share with decent upside volume flows. That move is now quickly pushing this stock within range of triggering a big breakout trade above some key near-term overhead resistance levels.

Traders should now look for long-biased trades in Internap if it manages to break out above some near-term overhead resistance levels at $6.50 to $6.52 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 379,994 shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 20-day moving average of $6.96 a share to its gap-down-day high of $7.06 a share. Any high-volume move above those levels will then give this stock a chance to re-fill some of its previous gap-down-day zone that started at $8.50 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 at $6.11 a share or at its new 52-week low of $5.75 a share. One can also buy shares of Internap 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.


Opko Health

Image placeholder title

Another under-$10 stock that's starting to move within range of triggering a near-term breakout trade is Opko Health (OPK) - Get Report , which engages in the discovery, development and commercialization of novel and proprietary technologies in the U.S. and internationally. This stock has been hammered by the bears over the last three months, with shares off large by 45.9%.

If you look at the chart for Opko Health, you'll notice that this stock has been downtrending badly over the last three months and change, with shares dropping sharply lower off its high of $17.51 a share to its recent low of $8.20 a share. During that downtrend, shares of Opko Health have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to spike higher right above some near-term support levels at $8.20 to $8.46 a share with strong upside volume flows. Volume on Wednesday registered over 7.20 million shares, which is above its three-month average action of 5.60 million shares. That spike is now quickly pushing shares of Opko Health within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in Opko Health if it manages to break out above some near-term overhead resistance levels at its 20-day moving average of $9.11 a share and then above more resistance levels at $9.24 to $9.50 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 5.60 million 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 $10.23 to $10.70, or even its 50-day moving average at $10.75 to $11.31 a share.

Traders can look to buy Opko Health off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $8.46 to $8.20 a share, or just below $8 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.

Exar

Image placeholder title

One final under-$10 semiconductor stock that's starting to spike within range of triggering a big breakout trade is Exar (EXAR) , which designs, develops, and markets high performance analog mixed-signal integrated circuits and sub-system solutions for the industrial and embedded systems, high-end consumer, and infrastructure markets. This stock has been under heavy selling pressure over the last six months, with shares dropping big by 37.7%.

If you take a glance at the chart for Exar, you'll notice that this stock has been consolidating and trending sideways over the last two months and change, with shares moving between $5.45 on the downside and around $6.75 on the upside. This sideways trending chart pattern is occurring after a major downtrend for shares of Exar, which saw the stock crash off its May high of $11.14 to that recent low of $5.45 a share. This stock is now starting to spike higher right above both its 20-day and 50-day moving averages at $6.03 a share, and it's quickly moving within range of triggering a big breakout trade above the upper-end of its recent sideways trending chart pattern.

Traders should now look for long-biased trades in Exar if it manages to break out above some near-term overhead resistance levels at $6.50 to $6.61 a share and then above $6.75 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 275,915 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 $7 to $8, or even $8.50 to $9 a share.

Traders can look to buy shares of Exar off weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support at $6 a share or around that recent low of $5.45 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.

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