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 Stocks Setting Up to Break Out Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Inovio Pharmaceuticals ( INO), which soared higher by 24%; Neonode ( NEON), which ripped higher by 23.8%; Molycorp ( MCP), which spiked higher by 16%; and Avalon Rare Metals ( AVL), which trended up 15.2%. 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 skyrocketed higher was wireless communication carrier Leap Wireless ( LEAP), which I highlighted in June 13's " 5 Stocks Under $10 Set to Soar" at $5.90 a share. I mentioned in that piece that shares of LEAP had been consolidating and trending sideways for the last two months, with shares trading between $5.31 on the downside and $6.28 on the upside. This stock had just started to trend back above its 50-day moving average and it was quickly moving within range of triggering a near-term breakout trade above the upper-end of its sideways trading chart pattern. >>5 Charts to Trade After Bernanke's Comments Guess what happened? Shares of LEAP triggered that breakout the following week as the stock took out its 200-day moving average and some key overhead resistance levels at $6.25 to $6.28 a share with solid upside volume. Since triggering that move, shares of LEAP have continued uptrend with the stock hitting a recent high of $7.86 a share. That represents a gain of just over 30% for anyone who loaded up on shares of LEAP in anticipation of the breakout. Shares of LEAP are now closing in on another major breakout trade, since the stock is trading very close to its 52-week high at $8.16 a share. If that level gets taken out soon with volume, then this stock could easily tag $9 to $10 a share. 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. >>5 Dow Dividend Stocks to Beat the S&P 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 Stocks Insiders Are Scooping Up With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels.