One name that's currently trending within range of triggering a major breakout trade is Netflix ( NFLX), a provider of Internet subscription service streaming TV shows and movies. This stock has been on fire so far in 2013, with shares up a whopping 163%. If you take a look at the chart for Netflix, you'll notice that this stock recently formed a double bottom at around $205.75 to $207.56 a share. Following that bottom, shares of NFLX have soared higher trending back above its 50-day moving average and breaking out above some near-term overhead resistance at $235.88 a share. That move has now pushed shares of NFLX within range of triggering an even bigger breakout trade. >> 5 Stock Charts You Need to See Traders should now look for long-biased trades in NFLX if it manages to break out above some near-term overhead resistance levels at $247.41 to its 52-week high at $248.85 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 3.76 million shares. If that breakout triggers soon, then NFLX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $280 to $300 a share. Netflix's all-time high is just about $305, so any high-volume move above that level will give this stock a chance to run toward $350 a share. Traders can look to buy NFLX off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $235 a share or below its 50-day at $222.65 a share. One could also buy NFLX off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point. Keep in mind that this stock is a favorite target of the bears, since the current short interest as a percentage of the float for NFLX is pretty high at 13.1%. If that breakout triggers soon, then we could see NFLX experience a short-squeeze into earnings date, which is set for July 22 after the market close.