Another stock that's trading within range of a solid breakout trade is Cheniere Energy (LNG - Get Report), an energy company primarily engaged in liquid-natural-gas-related businesses. This stock is off to a hot start in 2012, with shares up over 60%.
If you take a look at the chart for Cheniere Energy, you'll see that this stock has sold off hard from its April high of $18.92 to a recent low of $10.51 a share. During that smack down, shares of LNG have consistently made lower highs and lower lows, which is bearish technical price action. That said, shares of LNG have started to rebound right off its 200-day moving average of $12.05 a share, and the stock is now moving within range of triggering a near-term breakout trade.
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