Another under-$10 name that's starting to move within range of triggering a major breakout trade is LDK Solar ( LDK), which sells multicrystalline and monocrystalline wafers globally to manufacturers of solar cells and modules. This stock hasn't done much so far in 2013, with shares off by 4.5%. If you take a look at the chart for LDK Solar, you'll notice that this stock has been downtrending badly for the last month and change, with shares dropping from its high of $2.17 to its recent low of $1.23 a share. During that downtrend, shares of LDK have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of LDK have just started to trend back above its 200-day moving average at $1.34 and its testing its 50-day moving average at $1.41 a share. That move is setting up LDK to potentially break out above a key downtrend line. >>5 Stocks Spiking on Unusual Volume Market players should now look for long-biased trades in LDK if it manages to break out above some near-term overhead resistance levels at $1.41 to $1.51 a share and then once it clears more resistance at $1.65 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 2.06 million shares. If that breakout triggers soon, then LDK will set up to re-test or possibly take out its next major overhead resistance levels at $2 to $2.17 a share. Any high-volume move above those levels will then give LDK a chance to take out its 52-week high at $2.32 a share. Traders can look to buy LDK off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $1.23 to $1.20 a share. One can also buy LDK 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.