One could look to buy ARIA off any weakness to anticipate that breakout and then simply use a stop that sits close to some near-term support at $20.75 a share. Traders can also just buy off strength once ARIA takes out those breakout levels with volume and then simply use a stop that sits right around its 50-day at $22.71 a share.

To see more breakout candidates, check out the Breakout Stocks of the Week portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

To see this week's trades in action, check out the Technical Setups for the Week portfolio on Stockpickr.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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