5 Stocks Poised for Breakouts
Another stock that's trading within range of a major breakout trade is technology player Stratasys (SSYS - Get Report), a manufacturer of 3D printers and production systems for the office-based rapid prototyping and direct digital manufacturing markets. This stock is off to a monster start in 2012, with shares up over 73% so far.
If you take a look at the chart for Stratasys, you'll see that this stock was trading range bound since the start of June, between $42.70 to $43.68 on the downside and around $49 to $50.73 on the upside. Shares of Stratasys have started to break out above that upper end of that range today with shares now trading at $53 a share. That breakout is now quickly pushing SSYS within range of triggering another major breakout trade.
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