One stock that's within range of triggering a near-term breakout trade is Tesla Motors ( TSLA), which designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. This stock has been on fire so far in 2013, with shares up 180%.
If you take a look at the chart for Tesla Motors, you'll notice that this stock recently pulled back off its all-time high of $97.12 a share to its recent low at just under $85 a share. That pullback came on much lighter volume than the upside volume we saw as shares of TSLA soared post-earnings from just under $65 to that $97.12 high. Shares of TSLA are now breaking out above some near-term overhead resistance at $95 a share and it's quickly moving within range of taking out its all-time high at $97.12 a share.
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