Guanwei Recycling Another stock that's moving within range of triggering a major breakout trade is Guanwei Recycling ( GPRC). This company is engaged in the manufacture and distribution of low density polyethylene and other recycled plastics products, using imported raw material in the form of plastic waste. This stock has been uptrending strong over the last three months, with shares up sharply by over 50%. If you look at the chart for Guanwei Recycling, you'll see that this stock formed a major bottom between September and October at around 67 to 66 cents per share. Following that bottom, shares of GPRC have uptrending strongly from 66 cents per share to its recent high of $1.07 a share. During that uptrend, shares of GPRC have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed GPRC within range of triggering a major breakout trade. Traders should now look for long-biased trades in GPRC if it can manage to break out above some key overhead resistance levels at $1.07 to $1.10 a share with high volume. Look for a sustained move or close above those level with volume that hits near or above its three-month average action of 80,511 shares. If that breakout triggers soon, then GPRC will set up to re-test or possibly take out its next major overhead resistance levels at $1.30 to $1.72 a share. Any high-volume move above $1.72 would then put $1.93 to $2.10 into focus for GPRC. Traders can look to buy GPRC off any weakness as long as it's trending within range of its 50-day moving average of 90 cents per share. One could also buy off strength once GPRC clears $1.07 to $1.10 with volume and then simply use a stop at 92 cents per share. I would add to either position once GPRC takes out $1.30 a share with heavy upside volume.