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.>>4 Red-Flag Stocks to Sell This Summer One example of a successful breakout trade I flagged recently was shipping player Eagle Bulk Shipping ( EGLE), which I featured in Aug. 16's " 5 Stocks Poised for Breakouts" at $3.75 a share. I mentioned in that piece that shares of EGLE had been trending sideways inside of a consolidation pattern over the last few months, with shares moving between $3.10 on the downside and $4.39 on the upside. Shares of EGLE were just starting to bounce off its 50-day moving average and were quickly moving within range of triggering a breakout trade above resistance at $4.08 to $4.39 a share. Guess what happened? Shares of EGLE started to trigger that breakout the following week as the stock ran up to a high of $4.45 a share. Then the stock pulled back to just below its 50-day moving average at $3.51 a share, but it made a higher low from the previous low of $3.30 a share. Shares of EGLE then exploded to the upside this week with the stock running up to its intraday high today of $5.37 a share. That represents a monster gain of over 40% from that $3.75 level in just a few weeks. Bulls on EGLE should now watch for any move above $5.28 a share with high volume for continued upside. >>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 Stocks Triggering Breakouts on Big Volume With that in mind, here's a look at five stocks that are setting up to break out and trade higher from current levels.