One more under-$10 name that looks poised for some big upside is Rambus ( RMBS), an intellectual property and technology licensing company engaged in the design, development and licensing of memory and logic interfaces, lighting and optoelectronics, and other technologies. This stock is off to a weak start so far in 2012, with shares off by close to 30%. If you take a look at the chart for Rambus, you'll notice that this stock has locked inside a bearish downtrend for the past five months, with shares plunging from a high of $9.29 to a recent low of $4.16 a share. During that monster move lower, shares of Rambus have consistently made lower highs and lower lows, which is bearish technical price action. That said, during the last month and change, shares of Rambus have started to uptrend and reverse that bearish trend with shares now making higher lows and higher highs. This stock has also just pushed back above its 50-day moving average of $4.92 a share with heavy volume. Traders should now look for long-biased trades in RMBS if it can manage to trigger a near-term breakout trade above $5.55 to $5.94 a share with high volume. Look for a sustained move or close above those levels on volume that's near or above its three-month average action of 1 million shares. If we get that action soon, then RMBS could possibly tag its next significant overhead resistance levels at $6.83 to $7.50 a share, or possibly even its 200-day moving average of $8.95 a share. One could be a buyer of RMBS off weakness to anticipate the breakout and simply use a stop just below its 50-day moving average of $4.92 a share. I think it's critical that RMBS holds its 50-day if there's going to be any chance for that breakout to trigger soon, so watch how it acts if it re-tests that level. Volume on Wednesday registered over 3 million shares as the stock bounced off its 50-day. That was one of the highest upside volume days since February. Traders should look for a continuation of that strong upside volume pattern if RMBS takes out $5.55 to $5.94 soon. To see more hot under-$10 equities, check out the Stocks Under-$10 Setting Up To Explode portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.