MADISON, Wis. ( 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 Under Armour (UA), which I featured in April 1's " 5 Stocks Poised for Breakouts" at around $51 a share. I mentioned in that piece that UA was modestly uptrending for the prior month, which was bullish technical price action. I pointed out that the uptrend for Under Armour was quickly pushing the stock within range of triggering a breakout trade above some near-term overhead resistance levels at $51.46 to $51.75 a share and then above its 200-day moving average at $51.95 a share.
5 Stocks Poised for Big Breakouts
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