DELAFIELD, Wis. ( 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.>>5 Big Trades for a Market Top One example of a successful breakout trade I flagged recently was electronic control devices maker Taser International ( TASR), which I featured in Aug. 15's " 5 Stocks Under $10 Set to Soar" at around $9.75 a share. I mentioned in that piece that shares of TASR had just broken back above its 50-day moving average with strong upside volume. This stock had also just started to move above some near-term overhead resistance levels at $9.05 to $9.30 with strong volume. That action was quickly pushing shares of TASR within range of breaking out above some key overhead resistance levels at $9.80 to its 52-week high at $9.87 a share. Guess what happened? Shares of TASR didn't wait long to trigger that move since the stock entered new 52-week-high territory the following trading session. This stock has done nothing but continue to uptrend higher since entering breakout territory, with shares tagging a recent high of $12.17 a share. That represents a quick gain of 25% in just a few weeks for anyone who bought the breakout on TASR. I still believe this stock has tremendous upside going forward, but shares could be due for a breather after that big run in August. >>5 Stocks Under $10 Set to Soar 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. 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. >>3 Huge Stocks to Trade (or Not) With that in mind, here's a look at five stocks that are setting up to break out and trade higher from current levels.