One more under-$10 name that's starting to move within range of triggering a near-term breakout trade is Quiksilver ( ZQK), which designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding. This stock has been on fire during the last six months, with shares up an impressive 80%. If you take a look at the chart for Quiksilver, you'll notice that this stock has been trending sideways for the last month and change, with shares moving between $5.65 on the downside and $6.73 on the upside. Shares of ZQK are starting to bounce off the lower-end of that range and it's quickly moving towards its 50-day moving average of $5.31 a share. If this stock can manage to take out its 50-day, then it will set up to potentially break out above the upper-end of its recent sideways chart pattern. Traders should now look for long-biased trades in ZQK if it manages to take out its 50-day at $6.31 a share and then once it breaks out above some near-term overhead resistance levels at $6.73 to $6.83 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 2.89 million shares. If that breakout triggers soon, then ZQK will set up to enter new 52-week-high territory above $6.83 a share, which is bullish technical price action. Some possible upside targets off that breakout are $8 to $10 a share. Traders can look to buy ZQK off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $5.86 to $5.65 a share. One could also buy ZQK off strength once it clears those breakout levels with volume and then simply use a stop that sits right below its 50-day at $6.31 a share or near $5.86 a share. This is another stock that the bears seem to love, since the current short interest as a percentage of the float for ZQK is pretty high at 11.2%. If ZQK breaks out soon to a new 52-week high, then I think we could easily see a sizeable short-squeeze get underway. 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.