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, who can ultimately push the stock significantly higher.One example of a successful breakout trade I recently flagged was biotechnology and drugs stock Atossa Genetics ( ATOS), which I featured in Mar. 15's " 5 Stocks Poised for Breakouts" at around $7.70 a share. I mentioned in that piece that shares of ATOS had recently formed a double-bottom chart pattern at around $6.10 to $6.20 a share. After marking that bottom, shares of ATOS were starting to rip higher off the double-bottom area, and the stock was quickly moving within range of triggering a major breakout trade. That trade was set to trigger once ATOS cleared some near-term overhead resistance at $8.25 a share and then once it took out its all-time high of $9.45 a share with high volume. >>5 Huge Stocks to Trade for Gains Guess what happened? Shares of ATOS started to trigger that technical breakout the next trading session with heavy upside volume, after the stock closed above $8.25 and above $9 a share. The stock then took out $9.45 a share with heavy upside volume on Tuesday, and it exploded to the upside and hit a new all-time high of $12.40 a share. That's a monster gain in just a few trading sessions for anyone who played that technical breakout. Shares of ATOS could still trigger another breakout trade if the stock can now clear its all-time high of $12.40 a share with high volume. 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 Stocks Under $10 Triggering Breakouts 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. >>5 Stocks Insiders Love Right Now
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