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 Cellular Corp (USM)
United States Cellular Corporation provides wireless telecommunications services in the United States.
Apellis Pharmac. (APLS)
Apellis Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases
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.
Puxin Limited (NEW)
Puxin Limited, through its subsidiaries, provides K-12 and study-abroad tutoring services in the People’s Republic of China.
Chase Corp (CCF)
Chase Corporation, a specialty chemicals company, manufactures and sells protective materials for various applications worldwide.
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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.