One final under-$10 stock that's trending very close to triggering a near-term breakout trade is Teekay Tankers ( TNK), which is in the business of owning oil tankers and employing chartering strategy that seeks to capture upside opportunities in the spot market while using fixed-rate time charters to reduce downside risks. This stock has been hit hard by the sellers during the last six months, with shares off by 31%. If you take a look at the chart for Teekay Tankers, you'll see that this stock has been uptrending modestly for the last month, with shares moving higher from its low of $2.40 a share to its recent high of $2.86 a share. During that uptrend, shares of TNK have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of TNK within range of triggering a near-term breakout trade. Traders should now look for long-biased trades in TNK if it manages to break out above its 50-day moving average of $2.81 a share and then once it clears more overhead resistance at $2.86 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 of 479,772 shares. If that breakout triggers soon, then TNK will set up to re-test or possibly take out its next major overhead resistance levels at $3.43 to its 200-day moving average of $3.46 a share. Any high-volume move above $3.46 will then put $3.75 to $4.32 into range for shares of TNK. Traders can look to buy TNK off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $2.52 a share. One could also buy TNK off strength once it clears those breakout levels with volume and then simply use the same stop at around $2.52 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.