Five Stocks In The Process Of Breaking Out

We had quite the run around today on the heels of Mario Draghi’s policy updates out of the ECB. In the $SPY, it led to a failure to push higher early in the morning above 211 followed by a failed attempt to break lower below 198, and ultimately we closed flat.

The action today doesn’t give us much directional edge looking forward, but we do know that we remain at the top end of our recent uptrend with an overhead level of resistance around 201 that the market has not been able to clear.

SPY_3_10

Today was a digestion day at it’s finest and the bulls still maintain the upper hand.

Below are five stocks that are trying to make a breakout move from their recent ranges and outperformed nicely today.

ETSY_3_10AAP_3_10

OLLI_3_10PAH_3_10
SRPT_3_10

We took a position in one of these names today near the close, care to guess which one?

We trade setups just like these every single day, so if this is something that interests you then check out our premium membership.

Oh and our free webinar in a couple of weeks will be covering these types of trades in detail. Stop on by!

 

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Evan Medeiros

Evan is the founder of the Trade Risk. With 20+ years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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