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 technology player Uni-Pixel (UNXL) which I featured in Feb. 15's " 5 Stocks Poised for Breakouts" at around $18.20 a share. I mentioned in that piece that shares of UNXL were uptrending strong for the last month, with the stock consistently making higher lows and higher highs, which is bullish technical price action. That move was quickly pushing shares of UNXL within range of triggering a major breakout trade once it managed to clear some near-term overhead resistance levels at $18.87 to $19.67 with high volume.
5 Stocks Ready to Break Out
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