Inside this analysis you can find the companies that showed the Trendline Breakouts 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.
RingCentral Inc (RNG)
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect primarily in North America.
Cyberark Software Ltd (CYBR)
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts.
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.
Brooks Automation Inc (BRKS)
Brooks Automation, Inc. provides automation and cryogenic solutions worldwide.
Genuine Parts Co (GPC)
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico.
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This analysis shows the Trendline Breakouts of the Day. If you are interested in other Breakout Chart Patterns of the day (Resistance, Support 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.