The Jailhouse

[BottomBounce]

One example of a successful breakout trade I flagged recently was biopharmaceutical player Coronado Biosciences (CNDO), which I featured in Dec. 9's "5 Stocks Poised for Breakouts" at $1.74 share. I mentioned in that piece that shares of CNDO had started to uptrend recently off its low of $1.25 a share, after gapping down huge from $7 a share in October. That uptrend was quickly pushing shares of CNDO within range of triggering a major breakout trade above some near-term overhead resistance levels at $1.86 to $1.88 a share, and then above more key resistance levels at $1.91 to its gap-down-day high of $2.16 a share. http://www.thestreet.com/story/12154843/1/5-stocks-ready-to-break-out.html?puc=barchart&cm_ven=BARCHART