An under-$10 stock in the food processing complex that looks ready to trigger a near-term breakout is Coffee Holding ( JVA), an integrated wholesale coffee roaster and dealer in the U.S. This stock has traded virtually flat so far in 2012, with shares up just 0.5%. If you take a look at the chart for Coffee Holding, you'll notice that this stock has been crushed by the sellers in the last three months, with shares dropping from a high of $14.88 to a recent low of $6.50 a share. During that huge move lower, shares of Coffee Holding have consistently made lower highs and lower lows, which is bearish technical price action. That said, the stock has started to tend up in the last few week, since it has moved off that $6.50 low to its recent high of $7.93 a share. That move has pushed JVA within range of triggering a near-term breakout trade. >>5 Stocks Insiders Love Right Now Market players should now look for long-biased trades in JVA if it can manage to trigger a break out trade above some near-term overhead resistance at $7.93 to $8.25 a share with high-volume. Look for volume on a sustained move or close above those levels that hits near or above its three-month average action of 719,884 shares. If that breakout triggers soon, then JVA will have a good chance of filling some of a recent gap-down back towards $9 a share. If that gap gets filled, then JVA could easily spike back above its 50-day moving average of $9.07 a share and possibly hit $10 or its 200-day moving average of $10.33 a share. If you're bullish on JVA, then one could anticipate the breakout and look to buy this stock off any noticeable weakness. I would use a mental stop at around $7.50 to $7.25 a share in case JVA isn't ready to rip to the upside here. Look to add to any long positions once JVA takes out its 50-day at $9.07 with high volume, and then above some past overhead resistance at $9.65 to $9.91 a share with volume.