Continuation Breakout Thursday 4PM 3/06/2025

by | Mar 6, 2025 | Swing Idea

Overall Sector and Industry Analysis

Datetime Range: February 3, 2025, to March 6, 2025 (in EST).

Analyzing the stock data from the past 30 days, several sectors and industries have shown noticeable trends, especially in technology, healthcare, and consumer goods.

  1. Technology and Consumer Electronics: Within this sector, tickers such as EG and PTGX exhibit considerable price surges alongside substantial volume upticks, suggesting investor interest maybe driven by recent technology advancements or earnings surprises. The increasing trading volume supports a bullish sentiment.

  2. Healthcare: Notable tickers in this sector include REGN and LYEL, which also show a positive price trajectory. Specifically, the healthcare sector seems to benefit from positive developments or expectations surrounding medical products and innovations, leading to strong performance in recent sessions.

  3. Consumer Goods: Stocks like DPZ reflect buoyant market conditions, likely driven by changes in consumer behavior or favorable earnings reports. A steady increase in trading volumes further complements the favorable price movements.

Overall, the trend in these sectors hints at a positive sentiment and potential for further short-term upside.

Ticker Performance Prediction

Based on the recent 10-day price and volume developments, the following tickers are likely to demonstrate upward momentum in the next 2-3 days:

  • EG (Tech/Consumer Electronics): Steady closing prices with increased volume hint at ongoing interest and possible upward moves.
  • REGN (Healthcare): Maintaining strong price levels with significant volume, suggesting sustained buying pressure.
  • DPZ (Consumer Goods): Continues showing strength with consistent closing highs and volume support.

Individual Stock Analysis

EG (Tech)

  1. Key Support Levels: 360.00, 358.50, 357.00
  2. Key Resistance Levels: 364.00, 365.50, 367.00
  • Price Action Predictions: Expecting the price to test 364.00 and possibly breach toward 365.50 in the next 1-3 days as technical indicators suggest momentum build-up.
  • Price Targets: Look for a swing toward 365.50 to 367.00 initially.
  • Entry Points: Consider entering a position around the 360.00 support level.
  • Stop-Loss: Set at 357.00 to manage downside risk.
finviz dynamic chart for EG

REGN (Healthcare)

  1. Key Support Levels: 694.00, 692.50, 690.00
  2. Key Resistance Levels: 700.00, 702.50, 705.00
  • Price Action Predictions: Likely to test 700.00 resistance soon, with potential breakout toward 705.00 driven by volume spikes.
  • Price Targets: Aim for 702.50 followed by 705.00.
  • Entry Points: Consider bids placed near 694.00 to take advantage of minor pullbacks.
  • Stop-Loss: Recommended stop at 692.50.
finviz dynamic chart for REGN

DPZ (Consumer Goods)

  1. Key Support Levels: 476.00, 473.00, 470.00
  2. Key Resistance Levels: 481.50, 483.00, 485.00
  • Price Action Predictions: Continuation to the upside, potentially challenging 481.50 and 483.00 resistances.
  • Price Targets: Expect potential upward movement toward 483.00 and subsequently 485.00.
  • Entry Points: Enter near 476.00 to capture low-risk entry.
  • Stop-Loss: Place at 473.00 to protect against adverse moves.
finviz dynamic chart for DPZ

These selected stocks align with recent momentum strategies and support favorable risk-reward dynamics for short-term trading. Always review market conditions prior to entry as circumstances can quickly change.