Another stock that's already started to breakout is the Market Vectors Coal ETF ( KOL), which looks to replicate as closely as possible the price and yield return performance of the Stowe Coal Index. So far in 2011, this ETF is up around 7.3%. That could simply be just the start of the gains for KOL. In the aftermath of its natural disaster, Japan is going to demand a ton of energy to rebuild itself. Coal just flat out makes sense because it doesn't have any of the risks of nuclear energy. If you take a look at the chart for KOL, you'll see that this ETF has already started to trade above some major overhead resistance at around $50 a share. This move is technically constructive because its coming as the stock has moved out of sideways trading channel. That channel shows that buyers came in to support the stock at around $45 a share, and there had been resistance at around $50, until now. Technically, when a stock breaks out of a channel like this, it usually means the stock is entering a new uptrend. What makes me even more confident about this breakout is that it's coming on huge volume. During the past two trading sessions (both up days), volume was around 1 million and 1.4 million, vs. the three-month average volume of 618,000 shares. That's telling me that institutional investors are getting into this ETF, and what's great is that they're doing it at the breakout point. So where can KOL trade to next? I would look for the stock to now make a run at its all-time high at around $60 a share. Any move about $60, and I would add to current or new positions, since it could mean it wants to trend higher for some time. International Coal Group If this breakout in KOL continues, and I expect it will, then you're going to see other coal stocks follow suit. One name in the space that technically looks fantastic is International Coal Group ( ICO). This company is a producer of coal in the Northern and Central Appalachia. This stock has been doing nothing but making higher highs and higher lows for the past six months, which is very bullish. Traders should now watch for a breakout if the stock can take out some overhead resistance at around $11.50 a share. International Coal, which shows up in the portfolio of Prem Watsa's Fairfax Financial Holdings, is highlighted on a recent list of 10 Coal Stocks With Upside.