BALTIMORE ( Stockpickr) -- It's shaping up to be a big month for retailers.
With Black Friday just over a week away, retail companies are scrambling to get the upper hand on their competitors on the biggest shopping day of the year. In general, retail sales have been strong in 2011, and even though Black Friday sales numbers are projected to post only a modest increase, any surprise will go a long way in boosting sentiment for stocks with retail exposure.
As Wall Street's focus starts turning to retail names this week, we're doing the same with our list of technical trading setups worth watching right now.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. Here's a look at five new technical setups with some sort of significant retail exposure that could deliver breakout gains to your portfolio this week.