An under-$10 stock in the software complex that's trading within range of triggering a near-term breakout trade is FalconStor Software ( FALC), which is engaged in disk-based data protection. This stock has been hit hard by the sellers during the last six months, with shares off by around 35%. If you take a look at the chart for FalconStor Software, you'll notice that this stock hit a near-term bottom at $1.69 in mid-August. Since tagging that low, shares of FALC have started to uptrend with shares now changing hands at around $2.30 a share. During that uptrend, shares of FALC have mostly made higher lows and higher highs, which is bullish technical price action. That move is now pushing FALC within range of triggering a near-term breakout trade. >>8 Tech Stocks Leading the Market Traders should now look for long-biased trades in FALC once it breaks out above some near-term overhead resistance at $2.43 to $2.66 a share, and then once it clears $2.83 to $2.85 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 105,153 shares. If that breakout triggers soon, then FALC will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $3.58 to $3.96 a share. Traders can now look to buy FALC off weakness and simply use a stop somewhere around $2.10 a share. A better strategy might be to buy off strength once FALC clears its 200-day moving average at $2.66 with high-volume and then use a stop at round $2.40 a share.