My final breakout trade idea today is Kratos Defense & Security Solutions ( KTOS), a specialized national security technology business providing products, services and solutions for U.S. national security. Its core capabilities are engineering, manufacturing, system integration and test and evaluation offerings for national security platforms and programs. This stock hasn't done much so far in 2012, with shares off by around 5%. If you look at the chart for Kratos Defense & Security Solutions, you'll see that this stock has been downtrending hard for the last four months, with shares plunging from a high of $7.17 to a recent low of $4.73 a share. During that sharp move lower, shares of Kratos Defense & Security Solutions have mostly made lower highs and lower lows, which is bearish technical price action. That said, after hitting that low of $4.73, KTOS has started to reverse that downtrend and start to uptrend, with shares now making higher lows and higher highs. This stock is also quickly moving within range of triggering a near-term breakout trade. >>2 Turnaround Stocks to Consider Traders should now look for long-biased traders in KTOS if it can manage to trigger a break out above some near-term overhead resistance at $5.79 to $6.25 a share with high-volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 371,392 shares. If we get that move soon, then KTOS will move back above its 50-day moving average at $6.02 a share and it will have a great chance to re-test and possibly take out that March high of $7.17 a share. One could look to buy KTOS off weakness and anticipate the breakout with a stop around its 50-day moving average of $5.34 a share. You could also get long off strength once it takes out $5.79 a share, and then add to the position once its clears its 50-day and that resistance level near $6.25 a share. This is another breakout candidate with a decent short interest. The current short interest as a percentage of the float for KTOS is pretty high at 10.3%. If that breakout triggers soon, then KTOS could easily cause some big-time pain for the short-sellers if this stock wants to rip substantially higher. To see more breakout candidates, check out the Breakout Stocks of the Week portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.