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.An example of a successful recent breakout trade is TearLabs ( TEAR), which I featured in May 23's " 5 Stocks Under $10 Set to Soar" at around $10 a share. I mentioned then that shares of TEAR had been in a beautiful uptrend for the last five months, with the stock soaring higher from its low of $3.71 to a recent high of $10.25 a share. That uptrend was quickly pushing shares of TEAR within range of triggering a major breakout trade above its 52-week high at $10.25 a share.
5 Stocks Poised for Breakouts
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