WINDERMERE, Fla. ( 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. Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including China Auto Logistics ( CALI), which skyrocketed by 82%; Institutional Financial Markets ( IFMI), which soared by 31%; Startek ( SRT), which ripped higher by 22%; and Hyperdynamics ( HDY), which spiked higher by 13.4%. 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 exploded higher was Impac Mortgage ( IMH), which I highlighted in Oct. 2's " 5 Stocks Under $10 Soaring Higher" at around $8.70 a share. I mentioned that IMH was ripping to the upside and the stock was starting to move into major breakout territory. That move was starting because IMH was challenging some near-term overhead resistance levels at $8.03 to $8.63 a share with above-average volume. I advised traders to continue to look for long-biased trades in IMH as long as it was trending above $8.03 to $8.63 a share with strong upside volume flows. Guess what happened? Shares of IMH never looked back once it took out those key overhead resistance levels of $8.03 to $8.63 a share. The stock went on make a monster move higher to $11.94 in just a few weeks. It briefly pulled back to just above its 50-day moving average later that month, but then went on to skyrocket again with shares now trading at $15.75 a share. This stock is a perfect example of how powerful trading breakouts can be for low-priced stocks. 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.