5 Stocks Poised for Breakouts
Another tech stock that's setting up to trigger a near-term breakout is technology king Apple (AAPL - Get Report). This stock is off to a strong start in 2012, with shares up around 50%. (It was also featured earlier today in " 5 Stocks Ready to Slingshot Higher."
If you look at the chart for Apple, you'll notice that this stock recently found some buying interest right around its 50-day moving average of $573.95 a share. After buyers stepped in, shares of AAPL started to soar and trigger a near-term breakout trade once it cleared some overhead resistance levels at $588.50 to $590 a share with decent volume. That move is now pushing AAPL within range of triggering another major breakout trade that could lead to a sharp move higher.
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