BALTIMORE (Stockpickr) -- Stocks are kicking off another week of flat trading this week, following a five-day stretch last week that ended up a wash when all was said and done. "Sideways" has been the name of the game since the calendar flipped to July: Month-to-date, the S&P 500 index has moved less than 1%.
That's all the more reason to focus on names with breakout potential this week.
Even though the price action in the big indices hasn't been much to speak of in July, there has been no shortage of individual names making big moves this month. To find the next movers, we're taking a closer technical look at five breakout names that look ready to move higher.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.