Traders can look to buy EXFO once it clears its 50-day moving average at $4.87 a share with strong upside volume flows. I would then add to any long position once EXFO takes out $5.12 to $5.39 a share high heavy upside volume. FalconStor Software Another under-$10 stock that's setting up to trigger a near-term breakout trade here is FalconStor Software ( FALC). This company is engaged in disk-based data protection. It delivers proven, comprehensive, data protection solutions that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. This stock has been downtrending for the past six months, with shares of by 25%. If you take a look at the chart for FalconStor Software, you'll notice that this stock has been trending sideways for the past month and change, with share moving between $2.47 on the upside and $1.95 on the downside. Buyers have stepped into the stock today not far from the lower end of its range and pushed the stock back above its 50-day moving average of $2.13 a share. This move is quickly pushing shares of FALC within range of triggering a near-term breakout trade. Market players should now look for long-biased trades in FALC once it breaks out above some near-term overhead resistance levels at $2.35 to $2.47 a share, and then once it clears $2.49 to $2.61 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 77,094 shares. If that breakout triggers soon, then FALC will set up to re-test or possibly take out its next major overhead resistance levels at $2.76 to $2.83 a share. If FALC were to clear $2.83 a share with volume, then this stock could really explode higher towards its next major overhead resistance levels at $3.60 to $3.96 a share. Traders can look to buy FALC off any weakness as long as it's trending above its 50-day moving average of $2.13 a share, or at least above some near-term resistance levels at $2.25 to $2.35 a share with strong upside volume flows.