Another under-$10 name that looks poised for some decent upside is USA Technologies ( USAT), which provides technology-enabled solutions that facilitate electronic payment transactions and value-added services within the unattended point-of-sale market. This stock is off to a hot start in 2012, with shares up over 25% so far. If you take a look at the chart for USA Technologies, you'll notice that this stock recently plunged from its 2012 high of $1.98 a share to a recent low of $1.12 a share. Following that plunge, shares of USA Technologies tagged $1.60 a share, and subsequently pulled back again to $1.18 a share. That second pullback has created higher low for this stock, and shares of USA Technologies have just bounced hard right off its 200-day moving average of $1.29 a share. That move has pushed the stock right below its 50-day moving average of $1.42 a share, and it's moved it within range of triggering a near-term breakout trade. >>2 Turnaround Stocks to Consider Market players should now look for long-biased trades in USAT if it can manage to trigger a breakout above some near-term overhead resistance at $1.42 to $1.47, and then above $1.60 a share with high-volume. Look for volume off a sustained move or close above those levels that hits near or above its three-month average action of 310,033 shares. If we get that action soon, then USAT has a great chance of re-testing and possibly taking out its next significant overhead resistance levels at $1.84 to $1.98 a share. In fact, this stock could easily skyrocket towards $2.47 if that $1.98 level gets taken out with volume. I would look to buy USAT off any weakness and simply use a stop right around its 200-day at $1.29 a share, or even close to that recent low of $1.18 a share. If you buy off weakness, then I would add to the position once $1.47 to $1.60 a share is taken out with volume. You could just buy off strength and get long once $1.47 to $1.60 a share is cleared with volume, and then simply use a stop just below its 50-day moving average of $1.42 a share. This stock also sports a decent short interest as a percentage of its float at 6.4%. If that breakout triggers soon, then look for the shorts to do some covering that will help to spike this stock significantly higher.