One under-$10 name in the communications services complex that's trading within range of a major breakout trade is Alaska Communications Systems Group ( ALSK), which provides integrated communications services to consumer and business customers in and out of Alaska. This stock is off to a bearish start in 2012, with shares off by around 24%. If you take a look at the chart for Alaska Communications Systems Group, you'll notice that this stock dropped big from its March high of $3.67 to a recent low of $1.73 a share. During that slide lower, shares of Alaska Communications Systems Group consistently made lower highs and lower lows, which is bearish technical price action. That said, once this stock hit $1.73 a share, it reversed its downtrend and has now started to uptrend, with shares making higher lows and higher highs. This move is now pushing the stock within range of triggering a major breakout trade. >>8 Stocks to Help Keep the Bear Market at Bay Traders should now look for long-biased trades in ALSK if it can manage to trigger a break out above some near-term overhead resistance at $2.29 a share with high volume. Look for a sustained move or close above that level with volume that registers near or above its three-month average action of 528,819 shares. If we get that action soon, then I would add to any long positions once ALSK triggers its next major breakout above some resistance levels at $2.62 to $2.66 a share. Target a potential run toward $3 to $3.39 a share if all of those levels get taken out with high volume. If you're bullish on ALSK, then one could buy off weakness and simply use a stop at around $2 a share. I don't love that idea though since it would mean you're letting the stock pullback well below its 50-day moving average of $2.21 a share. I would rather just get long off strength as long as ALSK is trending above $2.21, or once it triggers that breakout over $2.29 a share. If you buy off strength, simply use a tight stop a few percentage points below your entry.