4 Stocks Breakout a Resistance Today

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.


Resistance BREAKOUT

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.

Bristol-Myers Squibb Co (BMY)

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. I

American Express Co (AXP)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide.

Zscaler Inc (ZS)

Zscaler, Inc. operates as a cloud security company worldwide. 

Berkshire Hathaway Inc (BRK)

Berkshire Hathaway Inc., through its subsidiaries engages in insurance, freight rail transportation, and utility businesses. 


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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.

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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Source:

*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.