5 Stocks Poised for Breakouts
Another tech stock that's setting up to trigger a near-term breakout is technology king Apple (AAPL). 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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