One stock that's trending very close to triggering a major breakout trade is Sinovac Biotech ( SVA), which is a fully integrated, profitable China-based biopharmaceutical company that focuses on the research, development, manufacturing and commercialization of vaccines that protect against human infectious diseases. This stock is off to a hot start in 2013, with shares up 24%. If you take a look at the chart for Sinovac Biotech, you'll notice that this stock has been trending sideways for the last few weeks, with shares moving between $3.56 on the downside and $3.95 on the upside. Shares of SVA have just started to bounce right above the 50-day moving average of $3.43 and are now quickly moving within range of taking out the upper-end of their recent sideways chart pattern. >>4 Health Care Stocks Under $10 to Watch Traders should now look for long-biased trades in SVA if it manages to break out above some near-term overhead resistance at $3.95 a share with high volume. Look for a sustained move or close above $3.95 a share with volume that hits near or above its three-month average action of 380,098 shares. If that breakout triggers soon, then SVA will set up to re-test or possibly take out its recent super spike high of $5.09 a share. At last check, SVA has hit an intraday high of $4.12 a share and volume is already tracking in well above its three-month average action with 1.54 million shares traded. Traders can look to buy SVA off any weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support at $3.56 or below its 50-day moving average of $3.43 a share. One could also buy SVA off strength once it takes out $3.95 a share with volume and then simply use a stop near those same support levels at $3.56 to $3.43 a share.