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.
Copart Inc (CPRT)
Copart, Inc. provides online auctions and vehicle remarketing services.
Analysts Target Price: 93.78
Chipotle Mexican Grill (CMG)
Chipotle Mexican Grill, Inc., together with its subsidiaries, operates Chipotle Mexican Grill restaurants.
Analysts Target Price: 852.57
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.
Cantel Medical Corp (CMD)
Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market.
Analysts Target Price: 105.00
Want to know what other types of analysis are available on BullDude.com?
Click here to find out !!!
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.
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.
Do you want to stay updated on all the analysis published?Follow @BulldudeC
*Charts by tradingview.com
*Company information and Analysts Target Price 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.