""Another under-$10 pre-production stage player that's starting to trend within range of triggering a near-term breakout trade is Uni-Pixel (UNXL), which engages in developing performance engineered film (PEF) products for the display, touch screen and flexible electronics market segments in the U.S. This stock has been moving sharply to the upside over the last six months, with shares higher by a notable 26.7%.

If you look at the chart for Uni-Pixel, you'll see that this stock has been consolidating and trending sideways over the last month, with shares moving between $6.22 a share on the downside and $7.55 a share on the upside. Shares of UNXL bounced higher on Wednesday right above both its 200-day moving average of $6.33 and above its range low of $6.22 a share as well as its 50-day moving average of $6.10 a share. That bounce is now quickly pushing shares of UNXL within range of triggering a near-term breakout trade above some key overhead resistance levels.

Market players should now look for long-biased trades in UNXL if it manages to break out above some near-term overhead resistance levels at $7.25 to $7.55 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 volume of 117,897 shares. If that breakout gets started soon, then UNXL will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $8.24 a share, or even $8.80 to its 52-week high of $9.30 a share.

Traders can look to buy UNXL off weakness to anticipate that breakout and simply use a stop that sits right below either its 200-day at $6.33 or its 50-day at $6.10 a share. One can also buy UNXL off strength once it starts to trend above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point"