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.>>5 Stock Charts You Need to See Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Novatel Wireless ( NVTL), which jumped higher by 13.5%; Himax Technologies ( HIMX), which ripped higher by 11.2%; KiOR ( KIOR), which spiked higher by 10.7%; and Affymetrix ( AFFX), which trended up 9.6%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading. One low-priced stock that recently ripped higher was real estate investment trust Strategic Hotels & Resorts ( BEE), which I highlighted in May 16's " 5 Stocks Under $10 Set to Soar" at $8.24 a share. I mentioned in that piece that shares of BEE were just starting to trend back above its 50-day moving average with heavy upside volume flows. That move was starting to push shares of BEE within range of triggering a major breakout trade above some near-term overhead resistance levels at $8.30 to $8.56 a share. >>3 Big Stocks Rising on Big Volume Guess what happened? Shares of BEE pulled back after my piece to its recent low of $7.63 a share, which was right below some near-term key near-term support levels. I always tell traders to use stops that sit just below near-term support levels because often times the market will run other people's stops that sit right on support. I prefer to use mental stops, because it doesn't make much sense to show the market your hand. Shares of BEE hit that $7.63 low on June 13 and ran some stops, and then the stock exploded higher and triggered that breakout. This stock broke out and ripped higher from $7.63 to $9.69 a share, which represents a gain of close to 30% for anyone who played the breakout. Shares of BEE broke out that day due to a report that the company might put itself up for sale. Reuters reported that the company hired brokerage Eastdil Secured to help explore selling the firm. I would keep an eye on this stock for another breakout trade if it manages to clear $9.25 to its 52-week high at $9.69 with high volume. 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. >>5 Earnings Stock the Bears Hate -- 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 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. >>5 Toxic Stocks You Need to Sell With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels.