One under-$10 name that's trading within range of triggering a major breakout trade is Enphase Energy ( ENPH), which has pioneered a new inverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, and reduces fire safety risk. This stock has been on fire so far in 2013, with shares up sharply by 73%. If you take a look at the chart for Enphase Energy, you'll notice that this stock has been uptrending strong for the last six months, with shares soaring higher from its low of $1.92 to its recent high of $6.70 a share. During that uptrend, shares of ENPH have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ENPH within range of triggering a major breakout trade. >>5 Hated Earnings Stocks That Deserve Your Love Traders should now look for long-biased trades in ENPH if it manages to break out above some near-term overhead resistance levels at $6.36 to $6.70 a share and then above some past resistance at $6.89 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 281,685 shares. If that breakout triggers soon, then ENPH will set up to re-test or possibly take out its next major overhead resistance levels at $7.35 to $8.50 a share. Traders can look to buy ENPH off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at $5.58 a share. One can also buy ENPH off strength once it clears those breakout levels with volume and then simply use a stop right below $6 a share. This is another stock the bears love, since the current short interest as a percentage of the float for ENPH is pretty high at 10.1%. A solid short-covering rally could develop if ENPH breaks out soon, so make sure to have this name on your watch list.