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.
Verisk Analytics Inc (VRSK)
Verisk Analytics, Inc. provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
Analyst Target Price: 159.25
Costar Group Inc (CSGP)
CoStar Group, Inc. provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom.
Analyst Target Price: 650.82
Coupa Software Inc (COUP)
Coupa Software Incorporated provides cloud-based business spend management platform.
Analyst Target Price: 162.95
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.
PBF Energy Corp (PBF)
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products.
Analyst Target Price: 40.20
American Axle Manufacturing (AXL)
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally.
Analyst Target Price: 13.40
Madrigal Pharmac. (MDGL)
Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases.
Analyst Target Price: 183.45
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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.
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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*Charts by tradingview.com
*Company information and Analyst 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.
