An under-$10 stock in the communications services complex that looks posed to trigger a big-time breakout trade is Vonage Holdings ( VG), a provider of communications services connecting people through broadband devices worldwide. This stock is off to a weak start in 2012, with shares off by around 14%. If you take a look at the chart for Vonage Holdings, you'll see that this stock has been trending range-bound for the past two months, with shares moving between $1.70 on the downside and $2.10 on the upside. Shares of Vonage have found buying interest repeatedly over the last month near $1.70 to $1.64 a share. This stock then moved back above its 50-day moving average of $1.85 a share, pulled back and re-tested its 50-day, and has now spiked higher again towards some near-term overhead resistance levels. This action has pushed shares of Vonage within range of triggering a near-term breakout trade. >>8 Stocks Under $10 Skyrocketing Higher Traders should now look for long-biased trades in VG if it can manage to trigger a breakout trade above some near-term overhead resistance at $2.36 to $2.55 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 1.8 million shares. If we get that action soon, then VG could easily re-test and possibly take out its February high of $3.16 a share. If you're in the bull camp on VG, then one could look to buy this stock off any weakness as long as it's trending above $2.10 to $2 a share with strong upside volume flows. You could even give this room down to its 50-day moving average at $1.85 a share if you buy off weakness. I would then add above $2.36 to $2.55 if you get into this name off a pullback. One could also just buy off strength once VG clears $2.36 to $2.55 a share with high-volume. I would simply use a stop at around $2.20 to $2.10 a share if you get long off strength. Keep in mind that a move over $2.36 a share will be very bullish for VG since it will mean that the stock has taken out its 200-day moving average.