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.
US Foods Holding Corp (USFD)
US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.
SJW Group (SJW)
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water.
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.
Two Harbors Invest. Corp (TWO)
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States.
Hawaiian Holdings Corp (HA)
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo.
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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.