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Many stocks are breaking out to all time highs around the world, basically because its a once in a lifetime global reflation/currency debasement trade going on. The outcome is a likely overshoot, like a 197 style parabolic spike up into Bradley in June/July or even August. But how to trade them, as often it is most worrying and have to fight against the perma bears who insist on fighting against a powerful trend for whatever their personal reasons/mental dispositions. One way is the 21 DMA on the daily chart, trail the stop all the way upwards, which will always be 20% at least below the price. 9 times out of the 10 it will never get hit, 1 time it gets hit, consider a change of trend.