One name under-$10 name in the food processing complex that could be setting up for a big spike higher is Coffee Holding ( JVA), an integrated wholesale coffee roaster and dealer in the U.S. This stock has been hammered during the last six months, with shares off by over 65%. If you take a look at the chart for Coffee Holding, you'll notice that this stock is very close to triggering a big breakout trade if it can manage to take out some key technical levels soon. Those key technical levels are its 50-day moving average of $8.97 and some near-term overhead resistance at $9.15 a share. This stock has failed to trade above its 50-day moving average for more than a day or two for the past six months, so a move above it now should be considered very bullish. Market players should now watch JVA for a sustained high-volume move and close above $8.97 and $9.15 a share to trigger a major breakout trade. Look for volume that registers near or above its three-month average action of 714,848 shares. If we get that action soon, then look for JVA to re-test $10.65 to $11.70 (its 200-day) in the near future. You could be a buyer of JVA off strength and get long once it manages to close above its 50-day moving average of $8.97 with volume. I would simply use a mental stop that's a few percentage points below that level in case the move fails. I would then add aggressively to any long positions once the stock takes out $9.15 with high-volume. This is another name with an extremely high short interest, since 26.9% of the tradable float is currently sold short by the bears. Due to this high short interest, a high-volume move over the 50-day could easily spark a massive short-squeeze that spikes JVA significantly higher.