BALTIMORE (Stockpickr) -- This week could prove to be an interesting one for market participants as the S&P 500 index struggles to push up against 52-week resistance at 1150. If stocks are able to make a sustained move above that level, the implications could be huge for long-side investors, because the potential for another sizable rally in 2010 will be in full force. But instead of being a slave to the broad market indices, it's time to look at promising technical setups.

Technical analysis is a way for investors to quantify qualitative factors such as investor psychology based on a stock's chart patterns 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.

But all too often, investors don't know where to start. So every week, Stockpickr takes a look at stocks that could be staging a technical move soon and compiles a portfolio of promising

Technical Setups

.

These plays are among the best-inclined to make a tradable breakout this week.

Here's a look at this week's stocks.

Fast-food giant

Yum! Brands

(YUM) - Get Report

is having a strong month, with shares up more than 12% following an early March analyst upgrade. But that move is more than just impressive; that bullish run pushed shares of Yum! past a key resistance level at $36.10, opening them up to even bigger upside movement for the rest of 2010.

As with many of its competitors, the recession has been kind to Yum! Brands as consumers traded down to fast food in efforts to cut costs on discretionary purchases. The company, which owns Kentucky Fried Chicken, Pizza Hut, Taco Bell, A&W and LJS restaurant concepts, has been making serious inroads into emerging market countries like China, where Yum! operates several thousand restaurants.

But from a technical standpoint, the upside is much more imminent. The stock's breakout above $36.10 means that there are virtually no upside stumbling blocks as shares continue their ascent in 2010. The biggest concern for Yum! right now is the prospect of being overbought -- but with support just over $1 away, the downside risks of this stock are also somewhat mitigated. Wait for some consolidation before going long shares of Yum!

Owens Corning

(OC) - Get Report

is known for its insulation, but that doesn't mean that shares are insulated from downside risk right now. All told, Owens Corning has been on one bumpy ride over the course of the last couple of years; anxiety over lower new-home volume scared away investors in late 2008, but impressive performance catalyzed a 370% comeback from the company's march lows.

Shares have been tracking horizontally for a while now. And although they're only a couple bucks shy of a 52-week high, now that the stock's 50-day moving average has crept in as a price ceiling for shares, expect some upside resistance in the stock's trading pattern.

In the last two trading days, shares hit their head on the 50-day and bounced back down to lower levels -- a sign that traders are yielding to the technical indicator. With a record of lower highs in 2010 and short-term support down at $23, there could be tidy profits in store for downside players. But wait for another consecutive lower open before thinking about betting against this play.

$2.8 billion truck manufacturer

Navistar

(NAV) - Get Report

could be headed higher this week thanks to the intersection of three key support levels right under $40 per share.

Navistar has been steadily moving higher from intermediate lows back in early December. All the while, the stock has found support at the 50-day moving average -- a good sign for long-side investors because it suggests that NAV will continue to be obedient to that level. Right now, uptrending support is colliding with the 200-day and 50-day moving averages as shares slide down to meet them. That's a good indication that we'll see a bounce back into the $40s this week.

Wait for a higher open in tomorrow's trading before thinking about going long.

To see these plays in action, check out the

Technical Setups for the Week portfolio

on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.

RELATED LINKS:

>>Rocket Stocks for the Week

>>Stockpickr's Technical Analysis Forum

>>Top 10 Under-the-Radar Stocks

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Jonas Elmerraji is the editor and portfolio manager of the

Rhino Stock Report

, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including

Forbes

and

Investopedia

, and has been featured in

Investor's Business Daily

, in

Consumer's Digest

and on

MSNBC.com

.