My final idea for today that's setting up to trigger a major breakout trade is metal and mining player Uranium Energy ( UEC), a natural resource exploration company engaged in the exploration of properties in the U.S. This stock has been hammered by the bears so far in 2012, with shares down by over 35%. If you look at the chart for Uranium Energy, you'll see that this stock was downtrending badly since it topped out in March at around $4.19 to $4.08 a share, and then subsequently plunged to its recent low of $1.76 a share. During that sharp move lower, shares of Uranium Energy were consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to mark a potential bottom at $1.76 to $1.75 a share, since buyers have stepped in to defend it twice at those levels during the last two months. Shares of UEC have also started to trend sideways for the past two months, between $2.36 and $1.75 a share. Market players should now look for long-biased traders in UEC once it manages to clear some near-term overhead resistance levels at $2.05 to $2.15 a share, and then $2.30 to $2.36 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 768,319 shares. If we get that move soon, then this stock will have a great chance of re-testing and possibly taking out its 200-day moving average of $2.99 a share. One could look to buy UEC off weakness and simply use as stop right below $1.76 to $1.75 a share. One could also just buy off strength once UEC clears its 50-day moving average of $2.05 with heavy volume, and simply use a stop just below $1.85 a share. Look to add to either position once UEC clears $2.15 to $2.36 a share with strong volume. To see more breakout candidates, check out the Breakout Stocks of the Week portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.