2009 was a banner year for stocks. The S&P 500 rallied 29.8%, nearly three times the historic annual average. But as the latest iteration of the equity rally pushes on, so does investor anxiety over the potential for a second dip in stock prices. Once again, it's time to turn to the technicals of the market for stocks that are set up for a breakout.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. Every week, Stockpickr takes a look at stocks that could be staging a technical move soon and compiles a portfolio of promising Technical Setups. Here's a look at this week's stocks.
Low-cost airline carrier Allegiant Travel ( ALGT - Get Report) has seen double-digit revenue growth thanks to its innovative business model offering direct routes from smaller cities to popular vacation destinations and packaged hotel deals.