Another stock that's setting up to trigger a near-term breakout is Sodastream International (SODA - Get Report), which, along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. This stock is off to a decent start in 2012, with shares up over 20%.
If you look at the chart for Sodastream International, you'll notice that this stock has been uptrending strong since early June, with shares soaring from a low of $29.44 to today's high of $41 a share. During that uptrend, shares of Sodastream International have been making mostly higher lows and higher highs, which is bullish technical price action. That move has also pushed SODA back above both its 50-day and 200-day moving averages, which is bullish. Now shares of SODA are quickly moving within range of triggering a major breakout trade.
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