Overview
The market is showing strong bullish momentum on February 24, 2026, with 241 total 20-week breakout signals split 153 bullish versus 88 bearish—a healthy 63.5% bullish ratio that indicates broad-based upside participation. This 1.7:1 bullish-to-bearish ratio suggests sustained institutional rotation into beaten-down names attempting recovery from deep drawdowns.
However, quality concerns dominate today’s breakout list. The top movers are predominantly leveraged ETFs, micro-cap stocks, and names with minimal institutional support. Several leaders show negative ATR multiples despite breakouts, signaling weak intraday follow-through. The prevalence of stocks trading 70-90% below 52-week highs suggests we’re seeing volatility-driven bounces rather than institutional accumulation in quality names.
Top 5 Bullish Picks
NCI ($5.92) — Consumer Cyclical/Apparel Manufacturing
NCI delivers the most compelling setup with a massive 13.19 ATR multiple on its 20-week breakout, accompanied by an extraordinary 722.2% gain from 52-week lows. The apparel manufacturer is showing genuine momentum with 2.04 million shares traded (0.7x relative volume). Despite being 34.2% below its 52-week high, the stock demonstrates sustained buyer interest with 43.4% ADR. Minimal institutional presence (1 fund) presents both risk and opportunity—early movers could benefit before broader discovery.
| Level | Price | Logic |
|---|---|---|
| Entry | $5.92 | Current breakout level |
| Stop Loss | $4.61 | 1 ATR below ($1.31) |
| Target 1 | $7.23 | 1 ATR above |
| Target 2 | $8.54 | 2 ATR extension |
BEX ($28.95) — Financial/Exchange Traded Fund
BEX leads the percentage-based 20-week breakouts with a solid 2.28 ATR multiple and strong volume confirmation at 1.6x relative volume (1.1 million shares). The 302.1% surge from 52-week lows reflects aggressive repositioning in this financial ETF. The 24.8% ADR indicates substantial daily volatility, while the 58.1% LOD risk ATR suggests meaningful intraday swings. Minimal institutional holding (1 fund) limits downside support but allows nimble traders to capitalize on momentum.
| Level | Price | Logic |
|---|---|---|
| Entry | $28.95 | Current breakout level |
| Stop Loss | $23.97 | 1 ATR below ($4.98) |
| Target 1 | $33.93 | 1 ATR above |
| Target 2 | $38.91 | 2 ATR extension |
RPGL ($6.42) — Business Services/Computer-Tech Services
RPGL demonstrates powerful volume expansion at 3.6x relative volume (2.65 million shares), the strongest on today’s list. The young IPO (bucket_0_youth_ipo_less_5yrs) is up 38.5% from 52-week lows but remains 93.8% below its peak—typical of recent tech service IPOs finding a base. The 54.3% ADR reveals extreme volatility, while zero institutional ownership means all gains are retail-driven. The negative -0.62 ATR multiple suggests profit-taking into the breakout, requiring cautious position sizing.
| Level | Price | Logic |
|---|---|---|
| Entry | $6.42 | Current breakout level |
| Stop Loss | $3.21 | 1 ATR below ($3.21) |
| Target 1 | $9.63 | 1 ATR above |
| Target 2 | $12.84 | 2 ATR extension |
MOG-A ($349.60) — Industrials/Aerospace & Defense
MOG-A stands out as the highest-quality name on today’s list, trading just 0.7% below its 52-week high with a powerful 7.20 ATR multiple. The aerospace and defense play has gained 143.3% from its 52-week low, demonstrating sustained institutional accumulation. The modest 3.6% ADR indicates controlled, steady appreciation rather than speculative volatility. At $349.60, this remains a high-conviction position near all-time highs, suitable for trend-following strategies with defined risk parameters.
| Level | Price | Logic |
|---|---|---|
| Entry | $349.60 | Current breakout level |
| Stop Loss | $340.28 | 1 ATR below ($9.32) |
| Target 1 | $358.92 | 1 ATR above |
| Target 2 | $368.24 | 2 ATR extension |
FJET ($7.15) — Industrials/Aerospace & Defense
FJET offers secondary aerospace exposure with a 58.5% gain from 52-week lows, though it remains 77.3% below its peak. The young IPO shows moderate momentum with a 0.49 ATR multiple and relatively low 18.5% ADR—the most stable volatility profile among micro-cap picks. Volume came in light at 0.4x relative (1.49 million shares), suggesting this breakout needs confirmation. Zero institutional ownership and the 130.0% LOD risk ATR demand tight stops and disciplined exits.
| Level | Price | Logic |
|---|---|---|
| Entry | $7.15 | Current breakout level |
| Stop Loss | $5.18 | 1 ATR below ($1.97) |
| Target 1 | $9.12 | 1 ATR above |
| Target 2 | $11.09 | 2 ATR extension |
Bearish Alerts
The bearish side features 88 20-week breakdown signals concentrated in leveraged ETFs and sector funds. CRWL, SMU, ORCU, and PANG all show ETF/ETN structures with negative ATR multiples between -1.50 and -3.34, indicating accelerating selling pressure. These instruments trade 64-97% below 52-week highs, suggesting structural impairment in their underlying strategies.
BLLN stands out as the only operating company in bearish alerts—a medical research equipment provider with 108 institutional funds. Trading just 1.9% above 52-week lows and 49.1% below highs, BLLN’s breakdown on elevated volume (1.9x relative) signals potential institutional distribution worth monitoring as a sector weakness indicator.
Sector Themes
Aerospace and Defense emerges as today’s leadership theme with both MOG-A and FJET breaking out, reflecting continued strength in industrial defense contractors. The Financial/ETF sector dominates with multiple breakouts, though most represent leveraged vehicles rather than fundamental strength. Consumer Cyclical (NCI) and Technology Services (RPGL) show isolated momentum in micro-caps, lacking sector-wide confirmation.
Institutional Summary
Institutional participation remains notably weak across today’s breakouts. BLLN leads with 108 funds on the bearish side, while bullish picks show minimal backing: NCI (1 fund), BEX (1 fund), and MOG-A (0 funds reported). This institutional void suggests retail-driven momentum vulnerable to reversal. Traders should prioritize tight risk management and avoid overconcentration in these low-conviction breakouts until broader institutional validation emerges.