Inside this analysis you can find the companies that showed the Trendline Breakout 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.
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.
Crown Holdings Inc (CCK)
Ally Financial Inc (ALLY)
Axon Enterprise Inc (AAXN)
International Business Machines Corp (IBM)
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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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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.