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.One example of a successful breakout trade I recently flagged was Cadence Pharmaceuticals (CADX), which I featured in March 21's " 5 Stocks Under $10 Triggering Breakouts" at around $5.70 a share. I mentioned in that piece that CADX was starting to explode right off its 50-day moving average with strong upside volume. That move was starting to push shares of CADX back above some important near-term overhead resistance levels at $5.46 to $5.66 a share. I highlighted how the breakout for CADX was under way and suggested market players look for long-biased trades as long as the move was sustained.
5 Stocks Poised for Breakouts
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