Inside this analysis you can find the companies that showed the Resistance Breakouts Chart Patterns appeared today.
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
The break-out of a resistance is an event that occurs when the stock price continues to rise and exceeds a price level that had previously stopped it by pushing it back, not allowing it to go beyond this level. So when the stock price exceeds this price level it is possible that it will continue its run and continue to grow.
Visa Inc (V)
Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.
Philip Morris International Inc (PM)
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories.
Medtronic Plc (MDT)
Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide.
Netflix Inc (NFLX)
Netflix, Inc. provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. I
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This analysis shows the Resistance Breakouts of the Day. If you are interested in other Breakout Chart Patterns of the day (Trendline and Moving Averages) I’ll wait here.
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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.