Technical expert Leo Fasciocco focuses on stocks that are either poised to breakout from their long-term trading ranges or have just broken from those resistance levels; here, the editor of Ticker Tape Digest highlights four such stocks.

Acuity Brands (AYI

Acuity is the one of the world's largest lighting fixture makers. Its brands include Lithonia Lighting, Holophane, Peerless, and Hydrel.

The stock had a breakout in March but then faded back. It has again broken out from its flat base, clearing the resistance zone. Its momentum indicator is now strongly bullish, showing good underlying buying during the basing work.

Analysts are forecasting a 34% jump in AYI's earnings for the fiscal year ending in August of 2015. They have been raising their estimates. We are targeting AYI for a move to $205 off this breakout. A protective stop could be placed near $162.

Sherwin-Williams (SHW)

Sherwin-Williams is the one of largest paint companies in the world. The stock advanced from $240 back in December to a peak near $290 and has since put down a tight flat base above its rising 50-day moving average line. That is an ideal setup.

This year, analysts are forecasting SHW will post a 28% increase in profits to $11.21 a share from $8.78 a year ago.

We suggest accumulation of a partial stake with further buying to be done on a breakout over $290.50. We are then targeting SHW for a move to $330. A protective stop can be placed near $284.

Trex Company (TREX)

Trex makes wood/plastic composite products and accessories for the residential and commercial decking market; annual revenues are $392 million.

TREX's stock has broken out from a five-week flat base. The move carries the stock to a new all-time high. One can also see heavy insider buying in February when TREX reported earnings.

Net for the upcoming first quarter should surge 41% to 51 cents a share from 37 cents a year ago. The highest estimate on the Street is at 54 cents a share. We see chances for an upside earnings surprise. TREX topped the Street the past three quarters.

We are targeting TREX for a move to $65 off this breakout; a protective stop can be placed near $52.

Masco (MAS)

Masco, with annual revenues of $8.5 billion, makes home improvement building products. It makes cabinetry, countertops, and vanities, as well as faucets, tub, and shower systems.

Net for the upcoming first quarter should surge 37%. The strong quarter should be the fundamental power to push the stock higher. The highest estimate on the Street is at 24 cents a share and we see chances for an upside earnings surprise.

Technically, the stock is now near the top of its base and in good position to breakout at any time. We suggest accumulation of a partial stake with further buying on a breakout over $27.20. We are then targeting a move to $32.50 after a breakout.

Subscribe to Ticker Tape Digest here…

More from MoneyShow.com:

Lowe's: Home Improvement Profits

Jones Lang LaSalle: Hot Property

Restoration Hardware