An industrial goods player that's starting to trend within range of triggering a major breakout trade is American Superconductor (AMSC - Get Report), which provides megawatt-scale solutions worldwide. This stock has been moving to the upside over the last three months, with shares higher by 14%.breakout trade above some key near-term overhead resistance levels. Traders should now look for long-biased trades in AMSC if it manages to break out above its 200-day moving average of $1.70 a share to some more near-term overhead resistance at $1.78 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 763,864 shares. If that breakout materializes soon, then AMSC will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to around $2.40, or even $2.68 a share. Traders can look to buy AMSC off weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $1.52 or around its 50-day at $1.45 a share. One can also buy AMSC off strength once it starts to bust above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.