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 specialty financial services player Life Partners (LPHI), which I featured in Feb. 7's " 5 Stocks Under $10 Ready to Soar Higher" at around $3.11 a share. I mentioned in that piece that shares of LPHI had been trading inside of a consolidation pattern for the last two months and the stock was just starting to move within range of triggering a major breakout trade above the upper-end of that sideways pattern. That breakout was set to trigger once LPHI manage to take out some near-term overhead resistance levels at $2.90 to $3.16 a share with high volume.
5 Stocks Poised for Breakouts
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