MADISON, Wis. ( Stockpickr) -- There isn't a day that goes by on Wall Street when certain stocks trading for $10 a share or less 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 Comstock ( CHCI), which skyrocketed higher by 30.6%; Ever-Glory International Group ( EVK), which soared higher by 27.8%; Genetic Technologies ( GENE), which surged by 21.9%; and Cal Dive International ( DVR), which boomed to the upside by 19.3%. 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 Insiders Love Right Now One low-priced stock that recently broke out and skyrocketed higher was solar energy player Enphase Energy ( ENPH), which I highlighted in April 25's " 5 Stocks Under $10 Set to Soar" at around $6.30 a share. I mentioned in that piece that ENPH had been uptrending strong for the last six months and was quickly moving within range of triggering a major breakout trade. That trade was set to trigger if ENPH managed to clear some near-term overhead resistance levels at $6.36 to $6.70 a share and then once it took out some past resistance at $6.89 a share with high volume. Guess what happened? Shares of ENPH went on to trigger that breakout the following trading session with above-average volume. The stock briefly pulled back to around $6.59 a share and then resumed its uptrend and broke out again above $8 a share in early May. Shares of ENPH have continued to soar higher since triggering that breakout and it recently tagged a new 52-week high of $10 a share. That represents a monster gain of over 50% in a very short timeframe for anyone who played the breakout. >>5 Hated Earnings Stocks That Deserve Your Love 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. 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. >>5 Toxic Stocks to Sell in May and Go Away 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. With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels. >>5 Rocket Stocks to Buy This Week
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