One more under-$10 name that's trending very close to triggering a near-term breakout trade is Skilled Healthcare Group ( SKH), a provider of integrated long-term health care services through its skilled nursing companies and rehabilitation therapy business. This stock has been uptrending modestly during the last six months, with shares up 7.6%. This company recently reached a deal with California's Attorney General regarding alleged patient mistreatment at a former company facility. Oppenheimer thinks the deal will remove an overhang on the stock and pave the way for the company to receive HUD financing. If you take a look at the chart for Skilled Healthcare Group, you'll notice that this stock has been downtrending badly for the last four months, with shares dropping from its high of $8.01 a share to its recent low of $4.99 a share. During that downtrend, shares of SKH were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of SKH have recently started to rebound off that $4.99 low and its quickly moving within range of triggering a near-term breakout trade. Traders should now look for long-biased trades in SKH if it manages to break out above its 200-day moving average of $6.07 a share and then once it takes out more resistance levels at $6.27 to $6.70 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 187,279 shares. If that breakout triggers soon, then SKH will set up to re-test or possibly take out its next major overhead resistance levels at $7.11 to $8.01 a share. Any high-volume move above $8.01 would then put $8.41 to $9 a share into range for shares of SKH. Traders can look to buy SKH off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $5.72 a share. One could also buy SKH off strength once it clears those breakout levels with volume and then simply use a stop that sits just below its 200-day moving average of $6.07 a share. I would add to either position if SKH takes out $6.94 to $7.11 a share with heavy upside volume. 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.