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.One example of a recent successful breakout trade was personal and household products player PURE Bioscience (PURE). In " 4 Stocks Under $5 Ripping Higher" on Oct. 9, I highlighted PURE because the stock was bouncing hard with decent volume, and it was quickly pushing within range of triggering a near-term breakout trade above $1.22 to $1.26 a share. I mentioned that PURE looked good for long trade as long as it as trending above $1 and then once it triggered that breakout with volume. I saw huge potential for a big move if that breakout hit.
5 Stocks Poised for Breakouts
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts