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 Stocks Under $10 Set to Soar One example of a successful breakout trade I flagged recently was entertainment player Media General ( MEG), which I featured in Nov. 8's " 5 Stocks Poised for Breakouts" at $15.12 a share. I mentioned in that piece that shares of MEG were starting to spike higher right above its 50-day moving average, which had held as support for the stock over the prior five months. That spike was quickly pushing shares of MEG within range of triggering a big breakout trade above some near-term overhead resistance levels at $15.39 to $15.67 a share. Guess what happened? Shares of MEG started to take out those key overhead resistance levels on Nov. 18 with strong upside volume flows. This stock has exploded higher since then with shares tagging an intraday high today of $19.94 a share. That represents a large gain of just over 30% for anyone who bought the stock near $15 a share in anticipation of that breakout. As you can see here, breakout trading can produce powerful returns in very short timeframes, which is why trading this strategy is so attractive. >>5 Stocks Insiders Love Right Now 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. >>5 Big Trades to Take in December With that in mind, here's a look at five stocks that are setting up to break out and trade higher from current levels.