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 Celsion ( CLSN), which skyrocketed higher by 39.4%; Revolution Lighting Technologies ( RVLT), which soared higher by 25%; TranSwitch ( TXCC), which surged higher by 12.5%; and Sonus Networks ( SONS), which ripped higher by 12.4%. 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 Sell Now One low-priced stock that recently broke out and exploded higher was biopharmaceutical player ZIOPHARM Oncology ( ZIOP), which I highlighted in May 16's " 5 Stocks Under $10 Set to Soar" at $1.70 a share. I mentioned in that piece that shares of ZIOP had recently gapped down sharply from over $5 to $1.66 a share with heavy downside volume. Following that move, shares of ZIOP entered a consolidation pattern with the stock trending sideways between $1.49 on the downside and $1.89 on the upside. Shares of ZIOP were quickly moving within range of triggering a major breakout trade above the upper-end of its recent sideways chart pattern. Guess what happened? Shares of ZIOP didn't wait long to trigger that breakout with the stock ripping higher on May 23 with above-average volume. Then on May 24 shares of ZIOP exploded to the upside with monster volume and hit an intraday high of $2.96 a share. That represents a gain of over 70% from where I flagged the stock for its breakout potential. This breakout had all the ingredients a trader should be looking for - strong price action through resistance levels with heavy upside volume. Anyone who took this trade banked ridiculous coin in a very short timeframe. >>5 Trading Setups With Upside This Week 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. 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 Stocks Poised to Pop on Bullish Earnings
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