My final idea for a breakout trade today is Herbalife ( HLF), a global nutrition company that sells weight management, sports and fitness, energy and targeted nutritional products as well as personal care products. This stock has been on fire during 2013, with shares up 24.8%. If you look at the chart for Herbalife, you'll notice that this stock has been uptrending strong for the last month or so, with shares trending higher from its recent low of $34.52 to its intraday high of $42.17 a share. During that uptrend, shares of HLF have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed HLF back above its 50-day moving average of $38.27 a share and it's quickly moving the stock within range of triggering a near-term breakout trade above a key downtrend line. Traders should now look for long-biased trades in HLF once it manages to break out above some near-term overhead resistance levels at $41.89 volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average volume of 10.80 million shares. If that breakout triggers soon, then HLF could produce a powerful bounce higher that takes this stock back towards $45 to $49 a share. Any high-volume move above $49 will then put $53 to $56 into range for shares of HLF. Traders can look to buy HLF off any weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $39.62 a share or around its 50-day moving average at $38.27 a share. One can also look to buy HLF off strength once it takes out $41.89 a share with volume and then simply use a stop that sits just below $39.62 a share. I would add to either position once HLF clears its 200-day moving average at $45.76 a share with high volume, and then above more near-term resistance at $47 to $49 a share. Traders should make note that the current short interest as a percentage of the float for HLF is extremely high at 31.6%. This stock could easily experience a monster short-squeeze if that breakout triggers soon with volume, so make sure to put HLF on your breakout trading radar. To see more breakout candidates, check out the Breakout Stocks of the Week portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.