DELAFIELD, 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 Big Stocks to Trade for Big Gains Just take a look at some of the hot movers in the under-$10 complex from Thursday, including Ocean Power Technologies ( OPTT), which is ripping higher by 26%; ShoreTel ( SHOR), which is trending up 17%; GrafTech International ( GTI), which is spiking higher by 17%; and Hudson Technologies ( HDSN), which is soaring by 13%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading. 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. >>4 Stocks Triggering Big Breakout Trades 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 Hated Earnings Stocks You Should Love With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels.
Medical Action Industries
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