Another under-$10 stock that's trending within range of triggering a near-term breakout trade is Trina Solar ( TSL), which is mainly engaged in the manufacturing and selling of solar modules in the People's Republic of China and overseas. This stock is off to a hot start in 2013, with shares up sharply by 36%. If you take a look at the chart for Trina Solar, you'll notice that this stock has pulled back in the last month, with the stock dropping from its high of $8.47 a share to its recent low of $5 a share. During that move, shares of TSL have been most making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to bounce off that $5 low and has recaptured its 50-day moving average at $5.50 a share. That bounce is quickly pushing shares of TSL within range of triggering a near-term breakout trade. >>5 Short-Squeeze Stocks Primed to Pop Market players should now look for long-biased trades in TSL if it manages to break out above some near-term overhead resistance levels at $6 to $6.40 a share and then above more resistance at $6.93 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 4.18 million shares. If that breakout triggers soon, then TSL will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to its 52-week high at $8.47 a share. Any high-volume move above $8.47 will then give TSL a chance to trend north towards $10 a share. Traders can look to buy TSL off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average at $5.50 a share, or right around more support at $5 a share. One can also buy TSL 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. This stock is a favorite target of the short-sellers, since the current short interest as a percentage of the float for TSL is very high at 16.15%. We could easily see a sharp short-covering rally if that breakout triggers soon, so make sure to keep this name on watch.