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5 Stock Trades to Take This Week

BALTIMORE (Stockpickr) -- In case you missed the memo, October has been a stellar month for stocks. Since the start of the month, the S&P 500 has managed to shove its way 4.8% higher, tacking on some serious performance onto an already solid 2013. But most investors wouldn't know it.

>>5 Stocks Set to Soar on Bullish Earnings

After all, with all the drama surrounding the government shutdown, the bickering over the next Fed chairman and the anxiety over pared down earnings expectations, investors could be forgiven for not noticing the upside action. None of that changes that the S&P closed at new all-time highs yesterday.

Yes, this is still very much a "buy the dips" market.

So to take full advantage of the strength in stocks, we're taking a closer technical look at five individual names with breakout potential this week.

>>5 Big Stocks to Trade for Big Gains

For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.

Without further ado, let's take a look at five technical setups worth trading now.

Stock quotes in this article: HBI, MHK, NVR, TEO, URS 

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