One under-$10 stock that's trending very close to trigger a near-term breakout trade is Rosetta Genomics ( ROSG), which develops diagnostic tests and therapeutic tools. This stock has been in play with the bulls during the last three months, with shares up 10%. This company was hit with some positive news today after data from a study demonstrating the ability of microRNA expression to serve as a biomarker to predict the progression of bladder urothelial carcinoma were published online in the British Journal of Urology International. >>Stocks With Analyst Upgrades If you take a look at the chart for Rosetta Genomics, you'll notice that this stock has just started to trend back above its 50-day moving average of $4.60 a share. That move is coming after ROSG has formed a consolidation pattern for the last few weeks at around $4.40 to $4.50 a share. Shares of ROSG are now quickly moving within range of triggering a near-term breakout trade that could send the stock soaring to the upside. Traders should now look for long-biased trades in ROSG if it manages to break out above some near-term overhead resistance levels at $4.95 to $5 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 494,200 shares. If that breakout hits soon, then ROSG will set up to re-test or possibly take out its next major overhead resistance levels at $5.50 to $5.98 a share. Any high-volume move above $5.98 will then put its 200-day at $6.29 to $7 or higher into range for shares of ROSG. Traders can look to buy ROSG off any weakness to anticipate that breakout and then simply use a stop that sits right around some key near-term support at $4.40 a share. One can also buy ROSG off strength once it takes out those breakout levels with volume and then simply use a stop that sits just below its 50-day moving average of $4.60 a share. This stock has explosive upside potential if that breakout triggers soon, since it's a favorite target of the short-sellers. The current short interest as a percentage of that float for ROSG is very high at 19.2%. Look for a monster short-squeeze to develop if that breakout triggers soon.