These laggard stocks that missed the last leg of the rally are breaking out, chart analyst says

Traders work on the floor of the New York Stock Exchange
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Technical analyst Robert Sluymer has identified a few laggard stocks that are showing signs of breaking out and suggested Wednesday they could help balance out a portfolio filled with high-flying momentum names. 

"On the other side of that barbell ... as much as that's a cliche, you do have a lot of stocks that are starting to emerge out of these trading ranges that have been in place since June," Sluymer, a managing director at Fundstrat Global Advisors, said on CNBC's "Fast Money Halftime Report." "That's where a lot of the cyclical stocks sort of peaked out and started to trade sideways."