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5 Big Stocks to Trade for Big Gains

Disney

Last up is Disney ( DIS), a stock that's showing some signs of life after meandering sideways since the start of the summer. Now $67 is the level to watch for a breakout in this entertainment giant.

>>4 Stocks Rising on Unusual Volume

Disney is currently forming an inverse head and shoulders pattern, a bullish setup that indicates exhaustion among sellers. The pattern is formed by two swing lows that bottom out around the same level (the shoulders) that are separated by a deeper low in between them (the head). The buy signal comes on a move through the neckline, which sits right at $67 for shares of DIS right now. That means that this Mickey Mouse and friends could be looking at a breakout in today's session.

If you think that the head and shoulders is too well known to be worth trading, the research suggests otherwise: a recent academic study conducted by the Federal Reserve Board of New York found that the results of 10,000 computer-simulated head-and-shoulders trades resulted in "profits that would have been both statistically and economically significant." That's good reason to keep an eye on both of these names in the next few sessions.

To see this week's trades in action, check out this week's Must-See Charts portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.

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Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji

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SYM TRADE IT LAST %CHG
AXP $77.68 0.00%
BRK.B $143.36 0.00%
BLK $368.64 0.00%
DIS $110.52 0.00%
NFLX $557.03 0.00%

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