Another stock that's setting up to trigger a near-term breakout is Sodastream International ( SODA), which, along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. This stock is off to a decent start in 2012, with shares up over 20%. If you look at the chart for Sodastream International, you'll notice that this stock has been uptrending strong since early June, with shares soaring from a low of $29.44 to today's high of $41 a share. During that uptrend, shares of Sodastream International have been making mostly higher lows and higher highs, which is bullish technical price action. That move has also pushed SODA back above both its 50-day and 200-day moving averages, which is bullish. Now shares of SODA are quickly moving within range of triggering a major breakout trade. >>6 Oversold Stocks Ready to Bounce Higher Market players should now look for long-biased traders in SODA if it can manage to trigger a breakout above some past overheard resistance that sits just above $42 a share with high-volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 1.1 million shares. If we get that move soon, then SODA will have a great chance of filling its previous gap-down in February from around $48 a share. In fact, SODA could easily fill that gap and then take out its next significant overhead resistance level at $48.13 a share. One could look to buy SODA off weakness to anticipate this breakout and simply use a stop at around $40 to $38 a share. You could also just buy off strength once $42 gets cleared with high-volume and then simply use a stop at around $40 a share or so. This stock has some monster short-squeeze potential, since the current short interest as a percentage of the float for SODA is a whopping 59.4%. Believe me; the bears will become very nervous if SODA starts to take out $42 with volume. They know that if SODA moves into that previous gap, then the stock could rip to the upside.