Another stock that looks poised to trigger a major breakout trade is Internet TV broadcasting player Netflix ( NFLX), which provides Internet subscription services for TV shows and movies in the U.S. and internationally. This stock has been smashed by the short-sellers during the last six months, with shares down by a whopping 45%. If you look at the chart for Netflix, you'll notice that this stock recently ran into heavy resistance at around $85 to $86.50 a share in July. After failing to clear those resistance levels, shares of NFLX plunged and gapped down from over $80 to below $60 a share with monster selling volume. Following that gap down, shares of NFLX went on to make a new low of $52.81 a share. That said, shares of NFLX have now started to rebound sharply with the stock trading at around $63 a share. That rebound has pushed NFLX within range of triggering a major breakout trade. >>4 Stocks That Could Burn Short-Sellers Traders should now look for long-biased traders in NFLX if this stock can manage to take out its gap down day high of $66.80 a share from back in July with high volume. Look for a sustained move or close above $66.80 with volume that registers near or above its three-month average action of 4,858,760 shares. If that breakout triggers soon, then look for NFLX to rip higher as it attempts to re-fill some of that previous gap. This stock could easily trend north of $70 a share if that breakout triggers soon. Since this is simply a breakout trade for a play off a move into that gap, I wouldn't give this very much room to the downside if you buy off weakness. If you get long off weakness, simply use a stop at around Thursday's low of $62.80 a share. I would rather get long off strength once NFLX clears $66.80 with high volume, and then simply use a stop at $65 to $64 a share. This is another favorite target of the bears on Wall Street. The current short interest as a percentage of the float for NFLX is extremely high at 28.6%. The bears have also been increasing their bets from the last reporting period by 23.6%, or by about 2.94 million shares. Look for some short-covering to hit NFLX if this stock can get into that gap from back in July. For another take on Netflix, it shows up on a list of 6 Sucker Stocks to Avoid at All Costs.