Another stock that looks ready to trigger a near-term trade is CBOE Holdings ( CBOE), which is engaged in the trading of options on individual equities, market indexes and exchange-traded funds. This stock has been on fire so far in 2013, with shares up sharply by 56%. >>5 Stocks Insiders Love Right Now If you take a look at the chart for CBOE Holdings, you'll notice that this stock recently formed a triple bottom chart pattern at $44.44, $44.58 and $44.86 a share. Following that bottom, shares of CBOE have started to uptrend modestly and move within range of taking out some key near-term overhead resistance levels. Traders should now look for long-biased trades in CBOE if it manages to break out above some near-term overhead resistance at $46.98 a share and then once it takes out its 50-day moving average of $46.98 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 612,798 shares. If that breakout hits soon, then CBOE will set up to re-test or possibly take out its next major overhead resistance levels at $49.59 a share to its 52-week high at $51.12 a share. Any high-volume move above $51.12 will then give CBOE a chance to tag $60 to $65 a share. Traders can look to buy CBOE off any weakness to anticipate that breakout and simply use a stop that sits right below $44 a share. One could also buy CBOE 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.