One more under-$10 name that looks ready to trigger a major breakout trade is Atossa Genetics ( ATOS), a health care company focused on the commercialization of cellular and molecular diagnostic risk assessment products and related services for the detection of pre-cancerous conditions that could lead to breast cancer. This stock has been crushed by the sellers during the last three months, with shares off by 22%. >>3 Big Stocks on Traders' Radars If you take a look at the chart for Atossa Genetics, you'll notice that this stock has been downtrending badly for the last two months and change, with shares dropping sharply from its 52-week high $12.40 to its recent low of $4.11 a share. During that downtrend, shares of ATOS have been mostly making lower highs and lower lows, which is bearish technical price action. That said, shares of ATOS have started to rebound sharply off that $4.11 low and off oversold conditions, since its relative strength index just touched 30. That rebound is quickly pushing shares of ATOS within range of triggering a major breakout trade. Traders should now look for long-biased trades in ATOS if it manages to break out above some near-term overhead resistance levels at $5.50 to $6.23 a share and then once it clears its 50-day moving average at $6.77 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 158,092 shares. If that breakout hits soon, then ATOS will set up to re-test or possibly take out its next major overhead resistance levels $7.50 to $9.50 a share. Traders can look to buy ATOS off weakness to anticipate that breakout and simply use a stop that sits just below $4.50 or below its 52-week low of $4.11 a share. One can also buy ATOS off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point. To see more hot under-$10 equities, check out the Stocks Under $10 Setting Up to Explode portfolio on Stockpickr. -- Written by Roberto Pedone in Madison, Wis.