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 flagged recently was solar energy player Yingli Green Energy ( YGE), which I featured in April 26's " 5 Stocks Poised for Big Breakouts" at around $2.35 a share. I mentioned then that shares of YGE had been uptrending strong in April, with the stock printing higher lows and higher highs, which is bullish technical price action. That move was starting to push YGE within range of its 50-day moving average, and it was closing in on triggering a near-term breakout trade. That trade was set to trigger once YGE took out some near-term overhead resistance levels at $2.45 to $2.57 a share and then once it cleared more key resistance at $2.65 a share.
5 Stocks Poised for Breakouts
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