By Stock Traders Daily

As buy-and-hold profits have become harder to come by, the importance of technical analysis has grown. For traders who are employing the use of technical strategies over fundamental strategies, we have a few short-term options to consider. These four stocks have either broken into bullish territory or are on the brink of breaking out from a technical standpoint.

The gold mining sector and the price of gold itself have done little to move the needle in the last month, but one miner in particular is looking attractive on a technical basis for a short-term trade. The 50-day moving average for Yamana Gold (AUY) now sits at $15.26 versus $15.44 from its 200-day moving average.

Investors have seen a slow, steady burn that has driven the stock price up the charts to the tune of 14.9% over the course of the past three months. If and when a moving average crossover occurs for this stock, it will be time for traders to raise their bets.

Estee Lauder (EL) had a monster session on Tuesday as its common shares closed up a commanding 9.3%. The company beat top and bottom line estimates when it reported the results of its fiscal fourth quarter. The run-up empowered Estee Lauder's stock price to break above its 200-day moving average which makes this name worth a second look.

The semiconductor company Broadcom (BRCM) checked in with record revenue when it reported its second-quarter results last month. There is plenty of upside for this stock as more smartphone, tablets and mobile devices hit the market in the coming quarters with improving Wi-Fi chip speeds.

From a technical standpoint, the stock is on the brink of a major moving average crossover. The 50-day moving average presently sits at $33.15 compared to $33.99 from the 200-day moving average. Broadcom's impressive second-quarter has been a catalyst for the stock's 11.2% charge during the last month. And there appears to be more left in the tank.

One other stock in the tech sector that is nearing a notable moving average crossover is Qualcomm (QCOM). The digital telecommunications company has seen its stock spike 13.5% in the last month alone. The 50-day moving average of Qualcomm is closing in on the 200-day moving average and Qualcomm shares will be off to the races once this level is attained.

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