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 successful breakout trade that I highlighted recently was in Patriot Coal (PCX). On last Wednesday, in "my 8 Stocks Skyrocketing Higher," I flagged shares of PCX at $1.23 because the stock was ripping to the upside off of oversold conditions. I mentioned how the next breakout trade for PCX would trigger once it took out some near-term overhead resistance at $1.40 and then $1.60 a share with high volume.
5 Stocks Poised for Breakouts
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