One stock that's trading within range of a breakout trade is Monster Beverage ( MNST), which develops, markets, sells and distributes alternative beverage. This stock is off to a hot start in 2012, with shares up over 60%. If you take a look at the chart for Monster Beverage, you'll see that this stock has been trading in a perfect uptrend for the last six months. At the start of 2012, shares of Monster Beverage broke out above $49.18 a share, and they haven't looked back since. This stock has soared since it broke out over $49.18 to a recent high of $83.96 a share. During that move, shares of Monster Beverage have consistently made higher lows and higher highs, which is bullish technical price action. Also during that uptrend this stock has never once violated its 50-day or 200-day moving averages. Now the stock is trading very close to triggering a near-term breakout trade. >>5 Stock Charts Every Investor Needs to See Market players should now look for long-biased traders in MNST if the stock can manage to trigger a break out above some near-term overhead resistance at $74.92 a share with high volume. Look for a sustained move or close above $74.92 with volume that registers near or above its three-month average action of 1.7 million shares. If we get that action soon, look for MNST to re-test its recent high of $83.96 a share or possibly trend much higher. Look for confirmation of higher prices in MNST as long as its trending above $74.92 a share with strong upside volume flows. Some near-term support on the stock sits at $67.61 a share. This is a name I would be looking to play off strength once $74.92 is taken out with volume.