5 Breakout Trades You Need to See

BALTIMORE ( Stockpickr) -- It seems that Mr. Market just got reminded that yesterday's news of slowing growth in China was a bad thing. While the S&P 500 shed 0.39% in Monday's session, the index is starting Tuesday off dramatically lower on overnight selling on Asian and European exchanges. U.S. investors get to be a day late and a dollar short today.

The reaction to the economic news is an about face for stock prices. It wasn't but a couple of months ago that stocks were able to shrug off negative news in the eurozone and continue the early 2012 rally. Clearly, investors' anxiety levels have gotten ratcheted higher in March.

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Does that mean that the rally is over? Not necessarily. But increased anxiety does have implications for a slew of asset classes, stocks among them. Today, we'll take a look at five attractive technical breakout trades that could pad your portfolio in spite of the ennui in the market right now.

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.

Here's a look at a handful of technical setups that could deliver breakout gains to your portfolio this week.

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