Another under-$10 stock that's quickly approaching a big breakout is OCZ Technology Group ( OCZ), a provider of high performance solid state drives and memory modules for computing devices and systems. This stock is off by around 17% over the last six months. If you take a look at the chart for OCZ Technology Group, you'll see that despite the 17% drop over the last six months, shares of OCZ have actually been trending very strong since it bottomed in October at $4.14 a share. Since that bottom, this stock has been making higher lows and it just closed back above both its 50-day and 200-day moving averages, which is bullish price action. Shares of OCZ are now setting up to trigger a big breakout trade, and volume is looking very bullish. Traders should now watch OCZ for a sustained high-volume move and close above $7.99 a share to trigger a near-term breakout. Look for volume that's tracking in close to or above its three-month average volume of 1.5 million shares. At last check, volume has already passed that level today, and volume has been tracking in very strong on the up days for the past six trading sessions. One could get long OCZ on a close with volume above $7.99 a share or you could buy it off weakness and anticipate the breakout with a mental stop just below $7 a share. If we get the breakout soon, look for OCZ to re-test its next significant overhead resistance level at $8.75 a share. I would then add to any long positions if OCZ takes out $8.75 with high volume. If we see $8.75 taken out with volume, then this stock has a great chance or re-testing $10.94 a share in the near future. This is one of the most heavily shorted stocks in the market with 44.5% of the tradable float currently sold short by the bears. Any near-term breakout for OCZ could set this stock up for a monster short-squeeze, so make sure to keep this name on your trading radar. In fact, the stock shows up on a recent list of 5 Tech Stock Short-Squeeze Candidates.