WINDERMERE, Fla. (Stockpickr) -- Trading stocks that trigger major breakouts can lead to massive profits. Once a stock trends to a new high, or takes out a prior overhead resistance point, then it's free to find new buyers and momentum players that can ultimately push the stock significantly higher.An example of a recent successful breakout trade is technology player Uni-Pixel (UNXL) which I featured in Feb. 15's " 5 Stocks Poised for Breakouts" at around $18.20 a share. I mentioned in that piece that shares of UNXL were uptrending strong for the last month, with the stock consistently making higher lows and higher highs, which is bullish technical price action. That move was quickly pushing shares of UNXL within range of triggering a major breakout trade once it managed to clear some near-term overhead resistance levels at $18.87 to $19.67 with high volume. >>5 Stocks Under $10 Triggering Breakouts Guess what happened? Shares of UNXL started to trigger that breakout shortly after my article hit, and the stock ended up closing at $19.65 a share, after hitting an intraday high of $19.76 a share with decent volume. On the next trading session, shares of UNXL exploded to the upside with heavy volume, and the stock tagged its recent high of $22.38 a share. Had you bought UNXL off any weakness on Friday and anticipated that breakout, then you bank some serious gains of over 20% in just two trading sessions. Shares of UNXL have now pulled back to some near-term support at $18.40 a share, and as long as it holds that level, then this stock could be setting up for another run at its 52-week high of $22.38 a share. Breakout candidates are something that I tweet about on a daily basis. I frequently tweet out high-probability setups, breakout plays and stocks that are acting technically bullish. These are the stocks that often go on to make monster moves to the upside. What's great about breakout trading is that you focus on trend, price and volume. You don't have to concern yourself with anything else. The charts do all the talking. >>5 Big Stock Charts You Need to See Trading breakouts is not a new game on Wall Street. This strategy has been mastered by legendary traders such as William O'Neal, Stan Weinstein and Nicolas Darvas. These pros know that once a stock starts to break out above past resistance levels, and hold above those breakout prices, then it can easily trend significantly higher. With that in mind, here's a look at five stocks that are setting up to break out and trade higher from current levels. >>4 Reasons to Buy Stocks in 2013
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