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 real estate information player Zillow (Z) which I featured in Jan. 4's " 5 Stocks Poised for Breakouts" at $28.67 a share. I mentioned in that piece that shares of Z were uptrending strong, with the stock making higher lows and higher highs over the prior month. I pointed out that the strong uptrend for Z was pushing the stock within range of triggering a major breakout trade if it could take out some near-term overhead resistance levels at $28.94 to $29.10 a share with high volume.
5 Stocks Setting Up to Break Out
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