Another stock that's quickly approaching a near-term breakout trade is Zynga ( ZNGA), which operates as a social game developer with 232 million average MAUs in 166 countries. This stock has been on fire so far in 2013, with shares up sharply by 49%. If you look at the chart for Zynga, you'll notice that this stock is just starting to bounce right off its 50-day moving average of $3.26 a share and right above its 200-day moving average of $3.14 a share. The 50-day has also recently crossed over the 200-day for ZNGA, which is a bullish technical signal. The upside volume for ZNGA recently expanded dramatically as the stock gapped back above its 50-day. That move is quickly pushing shares of ZNGA within range of triggering a near-term breakout trade. Market players should now look for long-biased trades in ZNGA if it manages to break out above some near-term overhead resistance levels at $3.63 to $4.03 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 36 million shares. If that breakout hits soon, then ZNGA will set up to re-fill some of its previous gap down zone from last July that started around $5.25 a share. Traders can look to buy ZNGA off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at $3.26 or its 200-day at $3.14 a share. One can also buy ZNGA off strength once it clears those breakout levels with volume and then simply use a stop that sits a few percentage points below your entry point, or near the 50-day at $3.26 a share.