Another under-$10 stock that's starting to move into range of triggering a major breakout trade is pSivida ( PSDV), which develops tiny, sustained-release, drug delivery products designed to deliver drugs at a controlled and steady rate for months or years. This stock has been crazy hot in 2013, with shares up a whopping 100%. If you take a look at the chart for pSivida, you'll notice that this stock has been trending sideways in a consolidation pattern for the last two months, with shares moving between $1.95 on the downside and around $2.50 on the upside. Shares of PSDV have just started to bounce off its 50-day moving average at $2.20 a share, and that move is quickly pushing the stock within range of triggering a major breakout trade above the upper end of its recent range. >>3 Stocks Ripping Higher in a Flat Market Market players should now look for long-biased trades in PSDV if it manages to break out above some near-term overhead resistance levels at $2.40 to $2.50 a share and then once it clears more resistance at $2.58 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 123,697 shares. If that breakout hits soon, then PSDV will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4 a share. Traders can look to buy PSDV off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at $2.20 a share or around some key support at $2.12 to $2.09 a share. One can also buy PSDV off strength once it takes out those breakout levels with volume and then simply use a stop that sits just below $2.20 a share.