WINDERMERE, Fla. ( Stockpickr) -- Trading stocks that trigger major breakouts can lead to massive profits. Once a stock trends to a new highs 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.One example of a successful breakout trade is casino entertainment services provider Caesars Entertainment (CZR) which I featured in Feb. 22's " 5 Stocks Ready to Break Out" at around $11.50 a share. I mentioned in that piece that shares of CZR had recently pulled back from $14.25 to around $10.50 a share and the stock was just starting to form a consolidation pattern at around $10.60 to $12 a share. I told readers to watch for shares of CZR to trigger a breakout trade above the highs of its consolidation pattern at $12.10 a share with high volume.
5 Stocks Poised for Breakouts
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