Another stock that's starting to move within range of triggering a near-term breakout trade is SunPower ( SPWR), a vertically integrated solar products and services company that designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. This stock has made an insane move higher so far in 2013, with shares up a whopping 247%. >>4 Hot Stocks to Trade (or Not) If you look at the chart for SunPower, you'll notice that this stock recently pulled back of its 52-week high of $23.76 a share and found some buying interest at around $18 a share. This stock has actually put in a triple bottom at $18.05, $18 to $17.77 a share over the last few weeks. If that bottom holds, which it has so far, then SPWR could be ready to triggering a near-term breakout trade. Traders should now look for long-biased trades in SPWR if it manages to break out above some near-term overhead resistance levels at $19.67 to $20.90 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 volume of 5.79 million shares. If that breakout triggers soon, then SPWR will set up to re-test or possibly take out its 52-week high at $23.76 a share. Any high-volume move above that level will then put $25 to $30 into range for shares of SPWR. Traders can look to buy SPWR off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $18 to $17.77 a share. One can also buy SPWR off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point. I would add to either position once SPWR takes out its 52-week high at $23.76 a share with high volume. This stock is loved among the short-sellers, since the current short interest as a percentage of the float for SPWR is extremely higher at 29.7%. That high of a short interest could easily produce an explosive move if SPWR triggers that breakout soon, so make sure to have this name on your breakout trading watchlist.