WINDERMERE, Fla. ( Stockpickr) -- Trading stocks that trigger major breakouts can lead to massive profits. Once a stock trends to a new high, or takes out a prior overhead resistance point, then it's free to find new buyers and momentum players that can ultimately push the stock significantly higher.A great example of a powerful breakout that just hit Wall Street today is LiveDeal (LIVE - Get Report). On Thursday, I wrote about the potential for a breakout trade for LiveDeal in my "5 Stocks Under $10 Set to Soar" article. I highlighted how shares of LiveDeal were setting up to trigger a near-term break out above $7.67 a share.
4 Stocks Poised to Break Out
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.