Every day on Wall Street, certain stocks trading for under $10 a share experience massive spikes higher. Traders savvy enough to follow the low-priced names and trade them with discipline and sod risk management are banking ridiculous coin on a regular basis.

Just take a look at some of the large movers to the upside in the under-$10 complex from Wednesday, including Vertex Energy (VTNR) , which exploded higher by 59.4%; Wave Systems (WAVX) , which surged by 51.4%; Magellan Petroleum (MPET) ,which ripped up by 38.1%; and Boot Barn Holdings (BOOT - Get Report) , which soared by 35.3%. 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 stocks, I do it almost entirely based off of the charts and technical analysis. I also like to find under-$10 stocks 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.

Tidewater


One under-$10 energy player that's starting to trend within range of triggering a major breakout trade is Tidewater  (TDW - Get Report) , which provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels to the offshore energy industry worldwide. This stock has been destroyed by the sellers over the last six months, with shares plunging lower by 73.6%.

If you take a glance at the chart for Tidewater, you'll notice that this stock has been downtrending badly over the last five months, with shares collapsing off its high of $17.61 to its new 52-week low of $4.24 a share. During that downtrend, this stock has been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of Tidewater ripped sharply higher on Wednesday off that $4.24 low with monster upside volume flows. Volume for that trading session registered 5.34 million shares, which is well above its three-month average action of 1.72 million shares. That high-volume move to the upside is now quickly pushing this stock within range triggering a major breakout trade above some key near-term overhead resistance levels.

Market players should now look for long-biased trades in shares of Tidewater if it manages to break out above its 20-day moving average of $5.36 a share and then above some key near-term overhead resistance levels at $5.65 to $5.88 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 1.72 million shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $6.37 to its 50-day moving average of $6.71, or even $7.50 to $8 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around its new 52-week low of $4.24 a share. One can also buy shares of Tidewater 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.

Intrepid Potash


An under-$10 basic materials player that's starting to trend within range of triggering a major breakout trade is Intrepid Potash  (IPI - Get Report) , which engages in the extraction, production and sale of potassium-containing products in the U.S. This stock has been hit hard by the bears over the last six months, with shares off huge by 75.2%.

If you take a look at the chart for Intrepid Potash, you'll notice that this stock has been consolidating and trending sideways over the last month or so, with shares moving between $1.75 on the downside and $2.27 on the upside. This stock spiked sharply higher on Wednesday right above its new 52-week low of $1.75 a share with decent upside volume flows. This spike is now quickly pushing shares of Intrepid Potash within range of triggering a major breakout trade above the upper-end of its recent sideways-trending chart pattern.

Market players should now look for long-biased trades in Intrepid Potash if it manages to break out above its 20-day moving average of $2.07 a share and then above some key near-term overhead resistance levels at $2.19 to $2.27 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 1.08 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to its 50-day moving average of $2.74, or even $3 to $3.50 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around its new 52-week low of $1.75 a share. One can also buy shares of Intrepid Potash 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.

Aratana Therapeutics

One under-$10 development-stage biopharmaceutical player that's starting to spike within range of triggering a big breakout trade is Aratana Therapeutics  (PETX) , which focuses on the licensing, development and commercialization of biopharmaceutical products for companion animals worldwide. This stock has been annihilated by the sellers over the last six months, with shares crashing lower by 81%.

If you take a glance at the chart for Aratana Therapeutics, you'll notice that this stock has been uptrending a bit over the last month or so, with shares moving higher off its new 52-week low of $2.65 to its recent high of $3.60 a share. During that uptrend, this stock has been making mostly higher lows and higher highs, which is bullish technical price action. That move is now quickly pushing shares of Aratana Therapeutics within range of triggering a major breakout trade above some key near-term overhead resistance levels.

Traders should now look for long-biased trades in Aratana Therapeutics if it manages to break out above its 20-day moving average of $3.34 a share and then above more key near-term overhead resistance levels at $3.46 to $3.60 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 564,969 shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.50, or even its 50-day moving average of $4.82 to $5.50 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $3 a share. One can also buy shares of Aratana Therapeutics off strength once it starts to move back above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Celadon Group


Another under-$10 stock that's starting to trend within range of triggering a big breakout trade is Celadon Group  (CGI) , which  provides transportation services between the U.S., Canada and Mexico. This stock has been smashed lower by the bears over the last six months, with shares falling sharply lower by 62.2%.

If you look at the chart for Celadon Group, you'll notice that this stock has been uptrending over the last few weeks, with shares moving higher off its new 52-week low of $6.19 to its recent high of $8.38 a share. During that uptrend, this stock has been making mostly higher lows and higher highs, which is bullish technical price action. This uptrend has now pushed shares of Celadron Group within range of triggering a big breakout trade above some key near-term overhead resistance levels.

Market players should now look for long-biased trades in Celadon Group if it manages to break out above some near-term overhead resistance levels at $8.20 to $8.40 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 344,771 shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $9.50, or even its 50-day moving average of $9.87 to $11 a share.

Traders can look to buy Celadon Group off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $7.50 or at $7 a share. One can also buy this stock off strength once it starts to bust above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Marathon Oil


One final under-$10 stock that's starting to trend within range of triggering a big breakout trade is Marathon Oil  (MRO - Get Report) , which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America. This stock has been smacked lower by the sellers over the last six months, with shares dropping sharply by 54.2%.

If you take a glance at the chart for Marathon Oil, you'll notice that this stock ripped sharply higher on Wednesday right above some near-term support at around $8 a share with strong upside volume flows. Volume for that trading session registered over 23 million shares, which is well above its three-month average action of 16.59 million shares. This high-volume spike to the upside also pushed shares of Marathon Oil back above its 20-day moving average of $9.12 a share, and it's now quickly pushing this stock within range of triggering a big breakout trade.

Traders should now look for long-biased trades in Marathon Oil if it manages to break out above some key near-term overhead resistance levels at $9.50 to $9.85 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 16.59 million shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $10.63 to $11, or even its 50-day moving average of $12.52 a share.

Traders can look to buy shares of Marathon Oil off weakness to anticipate that move and simply use a stop that sits right around some near-term support levels at $8 to $7.93 a share. One can also buy this stock off strength once it starts to trend above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Disclosure: This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.