An earlier version of this story provided an incorrect company description for Tanzanian Royalty. We apologize for the error.WINDERMERE, Fla. ( Stockpickr) -- There isn't a day that goes by on Wall Street where stocks trading near or 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 hot movers on Thursday in the under-$10 complex, including BluePhoenix Solutions ( BPHX), which closed up a whopping 18%; Fonar ( FONR), which finished up 18%; PFSweb ( PFSW), which ended up 18%; and Smith & Wesson ( SWHC), which soared to close over 11% (and which I featured yesterday in " 8 Stocks Under $10 Moving Higher"). You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading. >>5 Big Stocks to Trade for Gains I'm not as eager to recommend investing long term in stocks that trade less than $10 a share because these names can be very speculative, and the odds for picking the long-term winners aren't great. But I definitely love to trade stocks that are priced below $10. I like to view them as a trading vehicle with lots of volatility and lots of upside when the trade is timed right. 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. Here 's a look at a number of under-$10 stocks that look poised to trade higher from current levels.