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 Big Stocks to Trade for Gains Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Intellicheck Mobilisa ( IDN), which skyrocketed higher by 76.5%; CardioNet ( BEAT), which soared higher by 38.2%; Homex Development ( HXM), which spiked higher by 29.1%; and Samson Oil & Gas ( SSN), which jumped higher by 25.2%. 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 exploded higher was biotechnology player Idera Pharmaceuticals ( IDRA), which I highlighted in June 20's " 5 Stocks Under $10 Set to Soar" at 74 cents per share. I mentioned in that piece that shares of IDRA had been trading in a tight consolidation chart pattern, with the stock trending between 60 cents on the downside and 83 cents on the upside. This stock was just starting to bounce right off its 50-day moving average at 68 cents per share. That bounce was quickly pushing shares of IDRA within range of triggering a major breakout trade above its 200-day moving average at 76 cents per share and above some key resistance levels at 82 to 83 cents per share. >>5 Stocks With Big Insider Buying Guess what happened? Shares of IDRA pulled back following my piece to a low of 62 cents per share, and since hitting that low the stock never looked back. In mid-July IDRA hit a high of 86 cents per share as the stock started to move into breakout territory. Then on last Friday IDRA ripped to the upside with heavy volume and as the stock tagged $1 a share. On Monday of this week, IDRA exploded higher again with monster upside volume as the stock hit an intraday high of $1.73 a share. That massive move represents a gain of over 100% since I flagged this stock at 74 cents per share. As you can see, discovering and trading stocks that break out can lead to massive gains in a very short timeframe. Shares of IDRA still look poised for higher prices, but I wouldn't get long unless it breaks out again above $1.50 to $1.73 a share with high volume. We could easily see a run north of $2 to $2.20 a share if that breakout hits, so keep this name on your breakout trading radar. 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 Stocks Set to Soar on Bullish Earnings 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 Surprise Stocks the Pros Love Right Now With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels.