One under-$10 stock in the semiconductors complex that's trading very close to triggering a near-term breakout trade is Ascent Solar Technologies ( ASTI), a development stage company that focuses on commercializing flexible photovoltaic modules using its proprietary technology. This stock has been on a tear so far in 2012, with shares up an impressive 350%. This company has generated a lot of excitement of late due to its EnerPlex solar charger iPhone case. The company claims that the EnerPlex will provide up to an additional 170 hours of standby time, 3.5 hours of internet surfing, 5.6 hours of Wi-Fi, 19 hours of audio playback and up to 5.6 hours of video playback on a full charge. >>4 Chip Stocks Apple Fans Should Love If you take a look at the chart for Ascent Solar Technologies, you'll notice that this stock has been uptrending very strong for the past four months, with shares soaring from a low of 53 cents to a recent high of $2.31 a share. During that uptrend, shares of ASTI have been consistently making higher lows and higher highs, which is bullish technical price action. Over the last month, shares of ASTI have started to trend sideways between $1.91 and $1.60 a share. A move outside of that sideways trading pattern will likely set up the next major trend for ASTI. Traders should now look for long-biased trades in ASTI once it breaks out above some near-term overhead resistance at $1.85 to $1.91 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 781,511 shares. If that breakout triggers soon, then ASTI will have an excellent chance of re-testing and possibly taking out its next major overhead resistance levels at $2.20 to $2.31 a share. Any high-volume move above $2.31 will setup ASTI to make a run at $3 to $4 a share. Traders can now look to buy ASTI off any weakness to anticipate that breakout, and simply use a stop that sits just below some near-term support at $1.60 to $1.38 a share. One could also buy off strength once ASTI takes out $1.85 to $1.91 a share with volume, and then simply use a stop around $1.68 a share. I would add to either position once ASTI clears $2.20 to $2.31 with heavy upside volume.