Market players should now look for long-biased trades in TTWO once it manages to take out some near-term overhead resistance levels at $11.26 to $11.36 a share, and then once it clears its 200-day at $12.43 a share with high volume. Look for a sustained move or close above those levels with volume that tracks in close to or above its three-month average volume of 2,073,780 shares. If that breakout triggers soon, then TTWO will have a great chance to re-test or possibly take out its next major overhead resistance levels at $13 to $14 a share. One can look to buy TTWO off any weakness and anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $10.23 a share. One could also buy off strength once TTWO takes out $11.26 to $11.36 with volume and then use a stop that sits just below $11 a share. I would add to either position once TTWO takes out its 200-day with strong upside volume. Thompson Creek Metals Another stock that's trading within range of triggering a near-term breakout trade is Thompson Creek Metals ( TC), which mines and processes molybdenum, operating mines, mills and metallurgical roasting facilities in Canada and the U.S. This stock has been hammered by the sellers so far in 2012, with shares down by over 55%. >>3 Metals & Mining Stocks Making Big Moves If you look at the chart for Thompson Creek Metals, you'll notice that this stock recently sold off hard from its high of $3.87 to its low of $2.48 a share. During that sell-off, shares of TC were consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has frequently found buying interest at around $2.50 to $2.25 a share, and shares are starting to move within range of triggering a near-term breakout trade. Market players should now look for long-biased trades in TC if it can manage to break out above some near-term overhead resistance levels at $2.75 to $2.84 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 2,416,360 shares. If that breakout triggers soon, then TC will have a great chance to re-test or possibly take out its next significant overhead resistance level at $3.87 to $4.50 a share.