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 sod risk management are banking ridiculous coin on a regular basis.

Just take a look at some of the monster movers to the upside in the under-$10 complex from Wednesday, including Torchlight Energy Resources (TRCH) , which exploded higher by 124%; Versar (VSR) , which ripped by 43.9%; Marinus Pharmaceuticals (MRNS) , which soared by 33.3%; and Signal Genetics (SGNL) , which spiked by 20.9%. 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. These are also the exact type of stocks that I love to trade and alert to my subscribers in real-time. 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.

ProNai Therapeutics

One under-$10 clinical stage oncology player that's starting to trend within range of triggering a big breakout trade is ProNai Therapeutics  (DNAI) , which develops and commercializes drugs based on its DNA interference technology platform for patients with cancer and hematological malignancies. This stock has been destroyed by the sellers over the last six months, with share collapsing by 84.1%.

If you take a glance at the chart for ProNai Therapeutics, you'll notice that this stock recently formed a double bottom chart pattern, after shares found some buying interest at $1.85 to $1.86 a share over the last month and change. Following that potential bottom, shares of ProNai Therapeutics have now started to trend back above its 20-day moving average of $2 a share with decent upside volume flows. This move is now quickly pushing this stock within range of triggering a big breakout trade above some near-term overhead resistance levels.

Market players should now look for long-biased trades in shares of ProNai Therapeutics if it manages to break out above Wednesday's intraday high of $2.07 a share and then above more key resistance levels at $2.13 to $2.18 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 805,248 shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance level at its gap-down-day high from June near $3 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around those recent double bottom support levels. One can also buy shares of ProNai Therapeutics 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.

Halozyme Therapeutics

Another under-$10 biotechnology player that's starting to spike within range of triggering a near-term breakout trade is Halozyme Therapeutics  (HALO - Get Report) , which researches, develops, and commercializes human enzymes. This stock has been smacked lower by the sellers over the last six months, with shares off sharply by 43.6%.

If you take a look at the chart for Halozyme Therapeutics, you'll notice that this stock recently formed a double bottom chart pattern, after shares found some buying interest at $7.70 a share, which is just above some previous support from March at $7.52 a share. Following that potential bottom, shares of Halozyme Therapeutics have now started to uptrend, with shares moving higher off that $7.70 low and back above its 20-day moving average of $8.71 a share. That move has now pushed this stock within range of triggering a near-term breakout trade above some key overhead resistance levels.

Market players should now look for long-biased trades in Halozyme Therapeutics if it manages to break out above some near-term overhead resistance levels at $9.14 to $9.21 a share and then above its 50-day moving average of $9.32 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 1.51 million shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $10.39 to $10.54, or even $11 to its 200-day moving average of $11.90 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 $8 a share or around those double bottom support levels. One can also buy shares of Halozyme Therapeutics 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.

SunCoke Energy

One under-$10 basic materials player that's starting to trend within range of triggering a near-term breakout trade is SunCoke Energy  (SXC - Get Report) , which operates as an independent producer of coke in the Americas. This stock has been in favor with the bulls over the last six months, with shares soaring higher by 80.5%.

If you take a glance at the chart for SunCoke Energy, you'll notice that this stock has been consolidating and trending sideways over the last two months, with shares moving between $5.14 on the downside and $6.84 on the upside. Shares of SunCoke Energy spiked notably higher on Wednesday right off its 20-day moving average of $5.90 a share and back above its 50-day moving average of $6.12 a share with decent upside volume flows. This spike is now quickly pushing shares of SunCoke Energy within range of triggering a near-term breakout trade above the upper-end of its recent sideways trending chart pattern.

Traders should now look for long-biased trades in SunCoke Energy if it manages to break out above some near-term overhead resistance levels at $6.34 to$6.84 a share with volume that hits near or above its three-month average action of 658,225 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 $7.50 to $8.19 a share, or even $9.70 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits around some near-term support levels at $5.50 to its 200-day moving average of $5.23 a share. One can also buy shares of SunCoke Energy 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.

Innocoll Holdings

Another under-$10 stock that's starting to spike within range of triggering a big breakout trade is Innocoll Holdings  (INNL) , which manufactures and sells collagen-based pharmaceutical products and devices in Europe, the Middle East, Asia, and the U.S. This stock has been under heavy selling pressure over the last six months, with shares dropping sharply by 30.1%.

If you look at the chart for Innocoll Holdings, you'll notice that this stock has been downtrending over the last month and change, with shares falling sharply lower off its high of $12.94 a share to its new 52-week low of $4.57 a share. During that downtrend, shares of Innocoll Holdings have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound off that $4.57 low and it's beginning to trend within range of triggering a big breakout trade above some key overhead resistance levels.

Market players should now look for long-biased trades in Innocoll Holdings if it manages to break out above some near-term overhead resistance levels at $5.77 to $6.04 a share and then above $6.25 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 75,527 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 its 20-day moving average of $6.98 a share to its 50-day moving average of $7.96 a share.

Traders can look to buy Innocoll Holdings off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $5 a share. One can also buy this stock 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.

Kosmos Energy

One final under-$10 energy player that's starting to move within range of triggering a near-term breakout trade is Kosmos Energy  (KOS - Get Report) , which explores for and produces oil and gas in Africa, Europe and South America. This stock has been in favor a bit with the bulls over the last six months, with shares moving higher by 20.2%.

If you take a glance at the chart for Kosmos Energy, you'll notice that this has been consolidating and trending sideways over the last month or so, with shares moving between $5 on the downside and $6.01 on the upside. This stock spiked higher on Wednesday back above both its 50-day moving average of $5.53 a share and its 20-day moving average of $5.56 a share with strong upside volume flows. Volume for that trading session registered over 3.9 million shares, which is well above its three-month average action of 1.50 million shares. This high-volume rip to the upside is now quickly pushing shares of Kosmos Energy within range of triggering a near-term breakout trade above some key overhead resistance levels.

Traders should now look for long-biased trades in Kosmos Energy if it manages to break out above its 200-day moving average of $5.69 to $5.72 a share and then above more key resistance levels at $5.83 to$6.01 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 1.50 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 $6.50 to $6.75, or even $7.50 to its 52-week high of $8.05 a share.

Traders can look to buy shares of Kosmos Energy off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support levels at $5.30 or at $5 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.