One stock that's trending very close to triggering a major breakout trade is Apple ( AAPL), which designs, manufactures and markets personal computers, mobile communication devices and portable digital music and video players and sells a variety of related software, services, peripherals and networking solutions. This stock has been hammered by the bears during the last six months, with shares off sharply by 36%. >>5 Huge Stocks to Trade for Gains If you take a look at the chart for Apple, you'll notice that this stock has been downtrending badly for the last six months, with shares falling from around $700 to its recent 52-week low of $419 a share. During that downtrend, shares of AAPL have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of AAPL are starting to bounce higher above that $419 low and its quickly approaching a major breakout trade above a key downtrend line. Traders should now look for long-biased trades in AAPL if it manages to break out above some near-term overhead resistance levels at $435.25 to $440 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 19.86 million shares. If that breakout triggers soon, then AAPL will set up to re-test or possibly take out its next major overhead resistance levels at $452 to $455 a share. Any high-volume move above those levels will then put its 50-day at $473.81 to more resistance at $484.94 into range for shares of AAPL. Traders can look to buy AAPL off any notable weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $421.06 to $419 a share. One could also buy off strength once AAPL takes out those breakout levels with volume and then simply use a stop that sits a few percentage points below $435 a share. Keep in mind that if AAPL does trigger this breakout with volume, then I think we could see a powerful move higher since a downtrend line breakout is known to produce powerful moves to the upside.