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.An example of a recent successful breakout trade is biotechnology and drugs player Chelsea Therapeutics (CHTP), which I featured in Oct. 19's " 5 Stocks Ready to Break Out." The stock was in a clear sideways trading pattern, and it was finding buying interest each time it pulled back near its 50-day moving average. Shares of CHTP were starting to trend higher, and it was quickly moving within range of triggering a near-term breakout trade. That upside volume for CHTP was also starting to expand noticeably, which was another bullish technical sign.
5 Stocks Poised for Breakouts
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