Continuation Breakout Wednesday 11AM 2/12/2025

by | Feb 12, 2025 | Swing Idea | 0 comments

Overall Sector and Industry Analysis (Datetime Range: 2025-01-12 to 2025-02-12 EST):

The analyzed data across various stocks represents a range of sectors including technology, healthcare, transport, and consumer services. Over the past 30 days, many sectors have shown clear momentum trends which have been particularly highlighted in the last 10 days.

  1. Technology Sector (SNOW, CRM, TYL): The technology sector has experienced significant bullish momentum. Notably, SNOW and CRM demonstrated increased buying interest with strong volume spikes and higher volatility, suggesting a heightened positive sentiment in tech stocks.

  2. Healthcare & Pharmaceuticals (LLY, CORT, ALDX): This sector has been mixed, with LLY posting robust price gains supported by volume spikes over the last few days, while ALDX movements were relatively more subdued.

  3. Transport & Logistics (FDX, JCI): Stocks like FDX in this sector have shown consistent upward trends, possibly reflecting broader supply chain improvements or seasonal dynamics affecting shipping volumes.

  4. Consumer Services (BKNG, VST): BKNG has shown a strong upward rally, with high investor interest evident from increasing volumes, indicating a potential recovery or growth trend in travel bookings.

Overall Market Trends: Across sectors, several stocks have broken above key resistance levels or are approaching near-term highs, driven by stronger earnings reports or favorable sectoral developments. Momentum indicators remain bullish, with several stocks showing continuation patterns that suggest further gains.

Ticker Performance Prediction:

  1. SNOW (Snowflake Inc): With strong closing prices and significant volume uptick, SNOW is poised for further gains in the coming days.

  2. LLY (Eli Lilly and Co): Demonstrating solid upward price action supported by volume, LLY continues to show a bullish trend.

  3. BKNG (Booking Holdings Inc): Displays a breakout pattern with high closing prices and volume, indicating likely upward movement.

Individual Stock Analysis:

  1. SNOW (Snowflake Inc):
    • Support Levels: 182.0, 179.0, 176.0
    • Resistance Levels: 185.5, 188.0, 190.0
    • Price Action Prediction: SNOW is likely to test the 185.5 resistance level shortly. If volume continues to rise, a breakout to 188.0 could occur over the next 2-3 days.
    • Entry Point: Consider entering around 182.0, observing how it interacts with support levels.
    • Stop-Loss: Set a stop-loss near 179.0 to minimize downside risk.
    • WordPress Shortcode: finviz dynamic chart for SNOW
  2. LLY (Eli Lilly and Co):
    • Support Levels: 860.0, 870.0, 858.0
    • Resistance Levels: 875.0, 878.0, 880.0
    • Price Action Prediction: Expect LLY to continue to climb towards 875.0 with potential for reaching 878.0 if momentum sustains.
    • Entry Point: Suggested entry around 870.0, aligning with support.
    • Stop-Loss: Set at 860.0.
    • WordPress Shortcode: finviz dynamic chart for LLY
  3. BKNG (Booking Holdings Inc):
    • Support Levels: 4880.0, 4840.0, 4800.0
    • Resistance Levels: 4965.0, 5000.0, 5050.0
    • Price Action Prediction: BKNG is expected to push towards the 5000 psychological resistance, driven by the current bullish drive.
    • Entry Point: Entry is reasonable around 4880.0 to optimize risk-reward.
    • Stop-Loss: Position stop-loss at 4840.0.
    • WordPress Shortcode: finviz dynamic chart for BKNG

These analyses are based on current market conditions and historical data trends, ensuring alignment with probable short-term movements. As always, traders should conduct individual due diligence and factor in broader market insights before executing trades.

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