Net 1 UEPS TechnologiesAnother under-$10 name that's rapidly approaching a major breakout trade is Net 1 UEPS Technologies ( UEPS), which provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies. This stock has been on fire so far in 2013, with shares up big by 52%. If you take a look at the chart for Net 1 UEPS Technologies, you'll notice that this stock has been uptrending strong for the last six months, with shares soaring higher from its low of $3.01 to its recent high of $7.95 a share. During that uptrend, shares of UEPS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of UEPS within range of triggering a major breakout trade. >>3 Big Tech Stocks on Traders' Radars Traders should now look for long-biased trades in UEPS if it manages to break out above some near-term overhead resistance levels at $7.62 to $7.95 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 165,680 shares. If that breakout triggers soon, then UEPS will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to $10.50 a share. Traders can look to buy UEPS off weakness to anticipate that breakout and simply use a stop that sits right below its 200-day at $7.25 a share or right below some key near-term support at $7 a share. One can also buy UEPS off strength once it clears those breakout levels with volume and then simply use a stop that sits right below its 200-day at $7.25 a share. Keep in mind that this company is set to report earnings today after the market close. Traders should either look to trade UEPS ahead of the quarter for day trades or wait until after the earnings are out to play the potential breakout.