One name in the tobacco complex that looks ready to trigger a major breakout trade is Star Scientific ( CIGX), a technology-oriented company with a focus to reduce the harm associated with the use of tobacco. This stock is off to a monster start in 2012, with shares up over 80%. If you look at the chart for Star Scientific, you'll see that this stock has been uptrending strong since April, with shares skyrocketing from a low of $2.66 to a recent high of $4.21 a share. During that sharp move to the upside, shares of Star Scientific have consistently made higher highs and higher lows, which is bullish technical price action. That move has now pushed this stock into range of triggering a major breakout trade. >>5 Stocks Under $10 Poised for Breakouts Traders should now look for long-biased trades if CIGX can manage to take out some near-term overhead resistance at $4.21 to $4.24 a share with high-volume. Look for a sustained move or close above those levels with volume that's near or above its three-month average action of 1.3 million shares. If we get that action soon, then CIGX could explode to the upside and re-test and possibly take out its three-year high of $5.35 a share. One could look to buy this stock off weakness and simply use a stop around some near-term support at $3.80 a share. I personally would rather buy it off strength once it blasts through $4.21 to $4.24 with high-volume. If you buy off strength, simply use a stop around $4 in case it's not ready to sustain that breakout just yet.