One more under-$10 stock that's trending very close to triggering a near-term breakout trade is BioDelivery Sciences ( BDSI), a specialty pharmaceutical company that is utilizing licensed and owned proprietary drug delivery technologies to develop and commercialize new formulations of proven therapeutics. This stock hasn't done much so far in 2013, with shares off by 3.2%. If you take a look at the chart for BioDelivery Sciences, you'll notice that this stock has been trending sideways for the last month and change, with shares moving between $3.92 on the downside and $4.94 on the upside. Every time shares of BDSI have traded down towards $4 a share the stock has found buying interest. This stock is now starting to bounce off some near-term support at $4.03 a share and it's quickly moving within range of triggering a near-term breakout trade. Traders should now look for long-biased trades in BDSI if it manages to break out above some near-term overhead resistance levels at $4.25 a share to its 50-day moving average at $4.34 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 action of 181,471 shares. If that breakout triggers soon, then BSDI will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $4.66 a share and then at $4.94 to $5.28 a share. Any high-volume move above $5.28 will then put $6 to $6.50 into range for shares of BDSI. Traders can look to buy BDSI off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.03 to $3.92 a share. One could also buy BDSI off strength once it clears those breakout levels with volume and then simply use a stop that sits right below its 50-day at $4.34 a share. To see more hot under-$10 equities, check out the Stocks Under $10 Setting Up to Explode portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.