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 Trades to Take in December Just take a look at some of the hot movers in the under-$10 complex from Thursday, including China Auto Logistics ( CALI), which is skyrocketing higher by 60%; Plug Power ( PLUG), which is exploding higher by 50%; CombiMatrix ( CBMX), which is ripping higher by over 27%; and Clean Diesel Technologies ( CDTI), which is spiking higher by 25%. 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's been on fire since I recently flagged it is clinical stage biopharmaceutical player Novavax ( NVAX), which I highlighted in Nov. 21's " 5 Stocks Under $10 Set to Soar" at $3.25 per share. I mentioned in that piece that shares of Novavax were uptrending over the last few weeks, with shares moving higher from its low of $2.68 to $3.27 a share. That move was quickly pushing NVAX within range of triggering a major breakout trade above some near-term overhead resistance levels at $3.39 to $3.50 a share. >>5 Stocks Insiders Love Right Now Guess what happened? Shares of Novavax didn't take long to trigger that breakout, since the stock started to clear those overhead resistance levels the following week with strong upside volume flows. This stock has done nothing but uptrending since my article, with shares of NVAX tagging an intraday high today of $4.25 a share. That represents a gain of just over 30% in only a few weeks, but there might still be much more gains in store for NVAX. If this stock can maintain its uptrend, then we should see NVAX tag $5 a share very soon. 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. 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. >>3 Stocks Breaking Out on Big Volume 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. With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels.