Sometimes Wall Street pros refer to an event known as a "breakout." For those unfamiliar with the term, here is what it means and why it matters to investors.
What is a "breakout"?
A breakout refers to a pattern in a price chart where the price of a stock (or other traded asset) breaches a previously unbroken level or a level that hasn't been breached in a long time, says JC Parets, founder of technical-analysis service AllStarCharts.com.
Put simply, the price has "broken out" of a previously defined trading range....