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 in the under-$10 complex from Wednesday, including Biostar Pharmaceuticals ( BSPM), which skyrocketed higher by 37%; Dendreon ( DNDN), which soared by 13%; Double Eagle Petroleum ( DBLE), which ripped higher by 12.4%; and FSI International ( FSII), which closed up 10%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading. >>5 Stocks Set to Pop on Earnings 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. >>ACTIVE STOCK TRADERS: Check out Stockpickr's special offer for Real Money, headlined by Jim Cramer, now! With that in mind, here are several under-$10 stocks that look poised to trade higher from current levels.
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