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, it's free to find new buyers and momentum players that can ultimately push it significantly higher.One example of a recent successful breakout trade is biotechnology and drugs stock Cyclacel Pharmaceuticals (CYCC), which I highlighted in Sept. 11's " 4 Biotech Stocks Under $10 Making Big Moves." The stock was starting to trend above its 200-day moving average at $3.97, and it was quickly pushing within range of triggering a major breakout trade above some near-term overhead resistance levels at $4.06 to $4.20 a share.
5 Stocks Ready to Break Out
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