Inside this analysis you can find the companies that showed the Trendline Breakout Chart Patterns appeared today:
- Positive TrendLine BREAKOUT
- Negative TrendLine BREAKOUT
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
POSITIVE TrendLine BREAKOUT
The breakout of a trend-line is an event occurs when the stock price of a company surpasses an area that in the past had struggled to overcome. Exceeding this zone may constitute a situation in which the stock price interrupts the direction of the previous trend and prepares to reverse it. Positive breakout occurs when the stock comes from a negative trend and tries to reverse it by starting a positive trend.
Pulte Group Inc (PHM)
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States.
Tilray Inc (TLRY)
Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis.
Dollar General Corp (DG)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States.
NEGATIVE TrendLine BREAKOUT
Negative breakout occurs when the stock comes from a positive trend and tries to reverse the direction by starting a negative trend.
Ollies Bargain Outlet Holdings Inc (OLLI)
Ollie’s Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
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This analysis shows the Trendline Breakouts of the Day. If you are interested in the best rebound patterns, the best breakout patterns or the best companies that follow the “Buy High, Sell Higher” (or Buy the Dip) theory click here.
If you are interested in a overall analysis of companies taking into account different types of data (including business growth, analysts expectations and transactions by Hedge Funds / Insiders), summarizing all information in a score, I’ m waiting for you here for my Score-Card analysis.
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*Charts by tradingview.com
*Company information from finance.yahoo.com
DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.