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The S&P 500 has surged to new highs in July, and several big-name stocks are setting up for big upside breakouts as well. As we all know, in trading nothing is guaranteed. These stocks could drift lower, or pop to the upside and then quickly fail with a big move back to the downside. That is why I always utilize stop losses when trading breakout stocks. Give them a bit of room, but if they…
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