DELAFIELD, Wis. (Stockpickr) -- There isn't a day that goes by on Wall Street when certain stocks trading for 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 big movers in the under-$10 complex from Thursday, including RADA Electronic (RADA) , which exploded higher by 55%; BPZ Resources (BPZ) , which soared higher by 30%; dELiA's (DLIA) , which ripped higher by 23%; and Joe's Jeans (JOEZ) , which surged to the upside by 20%. 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.

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.

Imris

One under-$10 health care player that's starting to trend within range of triggering a near-term breakout trade is Imris (IMRS) , which designs, manufactures and sells image-guided therapy solutions that enable surgeons to obtain information and make decisions during the course of procedures. This stock has been destroyed by the sellers so far in 2014, with shares down huge by 85%.

If you take a glance at the chart for IMRIS, you'll notice that this stock has been downtrending badly for the last six months, with shares falling sharply from its high of over $1.10 a share to its new 52-week low of 21 cents per share. During that downtrend, shares of IMRS have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of IMRS are trying to carve out a major bottoming chart pattern here, since the stock has found buying interest over the last month at 21 cents to 22 cents per share.

Traders should now look for long-biased trades in IMRS if it manages to break out above some key near-term overhead resistance levels at 27 to 30 cents per share and then above 31 cents per share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 225,975 shares. If that breakout hits soon, then IMRS will set up to re-test or possibly take out its next major overhead resistance levels at 40 to 50 cents per share.

Traders can look to buy IMRS off weakness to anticipate that breakout and simply use a stop that sits right below its new 52-week low at 21 cents per share. One can also buy IMRS off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Ntelos Holdings

Another under-$10 wireless communications player that's starting to trend within range of triggering a near-term breakout trade is Ntelos Holdings (NTLS) , which provides digital wireless communications services to consumers and businesses in Virginia and West Virginia, as well as parts of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. This stock has been hit extremely hard by the sellers so far in 2014, with shares down sharply by 77%.

If you take a look at the chart for Ntelos Holdings, you'll see that this stock gapped down earlier this week from around $8 a share to its new 52-week low of $4.35 a share with heavy downside volume flows. Following that move, shares of NTLS have started to stabilize above $4.35 a share with strong upside volume flows. Volume on Wednesday and Thursday registered 2.7 million and 1.3 million, which is well above its three-month average action of 376,761 a shares. This stock is now setting up for a possible oversold rebound, since its current relative strength index reading is 12.88. Oversold can always get more oversold, but if NTLS started to break out here it could spike sharply higher off oversold levels.

Market players should now look for long-biased trades in NTLS if it manages to break out above Thursday's intraday high of $4.70 a share and above Wednesday's intraday high of $5.25 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 376,761 shares. If that breakout develops soon, then NTLS will set up to re-fill some of its previous gap-down-day zone from earlier this week that started near $8 a share.

Traders can look to buy NTLS off weakness to anticipate that breakout and simply use a stop that sits right below its new 52-week low of $4.35 a share. One can also buy NTLS off strength once it starts to take out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Amkor Technology

One under-$10 technology player that's starting to trend within range of triggering a near-term breakout trade is Amkor Technology (AMKR - Get Report) which provides outsourced semiconductor packaging and test services in the U.S. and internationally. This stock has been hit hard over the last three month by the bears, with shares off sharply by 31%.

If you take a glance at the chart for Amkor Technology you'll see that this stock has been trying to carve out a major bottoming chart pattern over the last month, with shares finding buying interest at $6.16, $6.21 and $6.32 a share. That buying interest is hitting shares of AMKR after the stock fell sharply from September to November from over $10 a share to its low of $5.77 a share. Shares of AMKR are now starting to spike higher off some of those recent support levels and it's quickly moving within range of triggering a near-term breakout trade.

Traders should now look for long-biased trades in AMKR if it manages to break out above some near-term overhead resistance levels at $7.11 to $7.18 a share and above its 50-day moving average of $7.14 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 1.81 million shares. If that breakout develops soon, then AMKR will set up to re-test or possibly take out its next major overhead resistance levels at $7.71 to its 200-day moving average of $8.51 a share. Any high-volume move above $8.51 will then give AMKR a chance to tag $9 to $9.50 a share.

Traders can look to buy AMKR off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $6.32 to $6.16 a share. One can also buy AMKR off strength once it starts to burst above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Ceragon Networks

Another under-$10 stock that's starting to move within range of triggering a major breakout trade is Ceragon Networks (CRNT - Get Report) , which provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. This stock has been smacked lower by the sellers so far in 2014, with shares off huge by 64%.

If you look at the chart for Ceragon Networks, you'll see that this stock recently gapped sharply lower from over $1.80 to under $1.40 a share with heavy downside volume. Following that move, shares of CRNT continued to trend lower with the stock recently tagging a new 52-week low of 99 cents per share. Shares of CRNT have now started to bounce modestly higher off that 99 cents low and it's quickly moving within range of triggering a major breakout trade.

Market players should now look for long-biased trades in CRNT if it manages to break out above some key near-term overhead resistance levels at $1.10 to $1.13 a share and then above $1.20 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 590,575 shares. If that breakout materializes soon, then CRNT will set up to re-test or possibly take out its next major overhead resistance levels at $1.30 to $1.40 a share, or even its 50-day moving average of $1.64 a share.

Traders can look to buy CRNT off weakness to anticipate that breakout and simply use a stop that sits right below its new 52-week low of 99 cents per share. One can also buy CRNT off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

BSD Medical

One final under-$10 health care player that's quickly moving within range of triggering a big breakout trade is BSD Medical (BSDM) , which develops, manufactures, markets and services systems to treat cancer and benign diseases using heat therapy delivered through radiofrequency and microwave energy in the U.S. and internationally. This stock has been slammed lower by the bears so far in 2014, with shares off large by 65%.

If you take a glance at the chart for BSD Medical, you'll notice that this stock has been downtrending badly for the last six months, with shares plunging lower from over $1 a share to its new 52-week low of 35 cents per share. During that downtrend, shares of BSDM have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of BSDM have started to attempt to carve out a major bottoming chart pattern over the last month and change, with shares finding buying interest at 36 cents, 35 cents and 37 cents per share. This stock has now started to spike higher right above those support levels with heavy upside volume flows. That spike is quickly pushing shares of BSDM within range of triggering a big breakout trade.

Traders should now look for long-biased trades in BSDM if it manages to break out above some near-term overhead resistance levels at 46 cents to its 50-day at 47 cents and then once it clears more resistance at 51 to 54 cents per share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action 81,909 shares. If that breakout gets started soon, then BSDM will set up re-test or possibly take out its next major overhead resistance levels at 60 cents to 67 cents per share, or even 75 cents per share.

Traders can look to buy BSDM off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at 37 cents to its 52-week low of 35 cents per share. One can also buy BSDM off strength once it starts to take out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

To see more hot under-$10 equities, check out the Stocks Under $10 Setting Up to Explode portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.