One name in the tobacco complex that looks ready to trigger a major breakout trade is Star Scientific (CIGX), a technology-oriented company with a focus to reduce the harm associated with the use of tobacco. This stock is off to a monster start in 2012, with shares up over 80%.
If you look at the chart for Star Scientific, you'll see that this stock has been uptrending strong since April, with shares skyrocketing from a low of $2.66 to a recent high of $4.21 a share. During that sharp move to the upside, shares of Star Scientific have consistently made higher highs and higher lows, which is bullish technical price action. That move has now pushed this stock into range of triggering a major breakout trade.
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