One under-$10 stock that's trending within range of triggering a major breakout trade is Strategic Hotels & Resorts ( BEE), which operates as a self-administered and self-managed real estate investment trust. This stock is off to a hot start in 2013, with shares up 28%. If you take a look at the chart for Strategic Hotels & Resorts, you'll notice that this stock has just started to trend back above its 50-day moving average of $8.10 a share with heavy upside volume. Volume on Wednesday registered 4.02 million shares, which is well above its three-month average of 2.08 million shares. That move is quickly pushing shares of BEE within range of triggering a major breakout trade. >>5 Stocks Rising on Unusual Volume Traders should now look for long-biased trades in BEE if it manages to break out above some near-term overhead resistance levels at $8.30 to its 52-week high at $8.55 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 2.08 million shares. If that breakout triggers soon, then BEE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $12, or even $15 a share. Traders can look to buy BEE off weakness to anticipate that breakout and simply use a stop that sits just below some near-term support levels at $7.90 to $7.75 a share. One can also buy BEE off strength once it takes out those breakout levels with volume and then simply use a stop that sits just below its 50-day at $8.10 a share, or around $7.90 a share.