One final under-$10 shipping player that looks ready to trigger a big breakout trade is Diana Containerships ( DCIX), which is involved in the seaborne transportation activities. This stock has been hit hard by the sellers so for in 2013, with shares off by 35%. If you take a look at the chart for Diana Containerships, you'll notice that this stock recently formed a double bottom chart pattern at $3.57 to $3.61 a share. Following that bottom, shares of DCIX have started to uptrend and move back above its 50-day moving average at $3.91 a share. That move is quickly pushing shares of DCIX within range of triggering a big breakout trade above some key overhead resistance levels. Traders should now look for long-biased trades in DCIX if it manages to break out above some near-term overhead resistance levels at $4 to $4.09 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 338,266 shares. If that breakout triggers soon, then DCIX will set up to re-test or possibly take out its next major overhead resistance levels at $4.61 to $4.82 a share. Any high-volume move above those levels will then put its next major overhead resistance levels at $5 to $5.62 into range for shares of DCIX. Traders can look to buy DCIX off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support levels at $3.61 to $3.57 a share, or even $3.53 a share. One can also buy DCIX 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 Delafield, Wis.