WINDERMERE, Fla. ( Stockpickr) -- There isn't a day that goes by on Wall Street that certain 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 Thursday, including Orexigen Therapeutics ( OREX), which spiked higher by 16.7%; Innovative Solutions and Support ( ISSC), which soared by 11.5%; BioDelivery Sciences ( BDSI), which trended up 11.5%; and LCA-Vision ( LCAV), which closed up 11%. 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 Set to Slingshot Higher One low-priced stock that I recently flagged that went on to explode to the upside was Peregrine Pharmaceuticals ( PPHM). On July 12, I highlighted PPHM in " 4 Biotech Stocks Under $10 Moving Higher" at around 89 cents per share. I was bullish on PPHM, and I liked how the stock was starting to move back above its 200-day moving average with high volume. I mentioned that PPHM was setting up to trigger a near-term breakout trade once it took at $1.01 to $1.14 a share with high volume. Guess what happened? Shares of PPHM went on to trigger that breakout over $1.01 to $1.14 a share with massive upside volume, and it went on to hit a recent high of $3.21 a share in mid-August. That's a ridiculous move in about month for anyone who played the breakout. Now PPHM has some data due out today for its Cancer drug bavituximab, which will be presented at a medical meeting in Chicago. If its data is bullish, then PPHM could break out again above $3.21 a share, so watch this name following the data release today. 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. >>5 Stocks Everyone Hates - But You Should Love 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 stocks, 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 trade higher from current levels.