Author: Tara Young and Greg Patrick, Trades Of The Day

LLY is breaking out of a six-month uptrend channel on the daily chart while lifting cleanly off a resistance-turned-support level on the weekly — a dual-timeframe technical setup that historically signals the start of a sustained move higher.

Plus, our recommended trade with GMAB hit both price targets in just over three weeks for potential peak returns of up to 31%.

Plus, three stocks from our Top 10 Breakout Watchlist this week have already cleared their recommended buy levels.

LMT is breaking out of a multi-month double bottom on the daily chart while also clearing a falling trendline that had capped it since February on the weekly — a dual-timeframe technical setup that historically signals the start of a sustained move higher.

Plus, our recommended trade with Everpure (P) hit our first price target for a potential 19% return in under two weeks.