Continuation Breakout Thursday 4PM 1/16/2025

Overall Sector and Industry Analysis

Date Range Analyzed: December 1, 2024, to January 15, 2025 (EST)

The analysis covers a variety of stocks from different sectors, including technology, healthcare, industrials, and consumer services. Over the past 30 days, these sectors have shown mixed performance, with some experiencing upward momentum while others face downward pressure due to various market conditions such as economic data releases or sector-specific news.

Key observations over the last 10 days highlight significant volume and volatility in certain sectors:

• Technology Sector: Notable stocks like CYBR and KLAC have shown increased trading volumes, indicating heightened interest which could translate into potential price movements. CYBR has shown a strong rally in the last few days, while KLAC is experiencing some volatility.

• Healthcare Sector: Stocks such as GOSS and SMLR have shown fluctuations in price, accompanied by significant changes in volume, suggesting reactive market behaviors towards recent news or earnings reports.

• Industrials: Stocks like URI and TDG are demonstrating steady upward trends, supported by consistent increases in volume, reflecting positive outlooks in their respective industries.

Ticker Performance Prediction

Stocks Likely to Rise in the Next 2-3 Days:

1. CYBR (CyberArk Software): Continued bullish sentiment as reflected in consistent higher highs over the past few trading sessions.
2. SMLR (Semler Scientific, Inc.): Notable upward movement with strong volume suggests continuation in positive price action.
3. URI (United Rentals, Inc.): Displaying a strong upward trajectory with sustained higher volume.
4. HII (Huntington Ingalls Industries): Despite recent volatility, upward momentum may persist based on volume and closing patterns.

Individual Stock Analysis

CYBR (CyberArk Software)

• Support Levels:
  • $353.00
  • $350.00
  • $345.00
• Resistance Levels:
  • $360.00
  • $365.00
  • $370.00
• Price Action Prediction: Expect CYBR to challenge the $360 resistance shortly due to its increasing volume and bullish trend. Targets for a 1-3 day swing could extend to $365 based on the recent volatility pattern.

• Entry Point: A pullback near $353 could be an opportune entry.

• Stop-Loss: Set a stop-loss slightly below $350 to mitigate risk.
• Finviz Chart:

SMLR (Semler Scientific, Inc.)

• Support Levels:

  • $56.00
  • $55.00
  • $54.00
• Resistance Levels:
  • $58.50
  • $60.00
  • $62.00
• Price Action Prediction: Expect a potential breakout above $58.50, driven by rising momentum. Target levels for a 1-3 day swing include $60.00 to $62.00.

• Entry Point: Consider entry around $56.00 if a pullback happens.

• Stop-Loss: A stop-loss around $55.00 is recommended.
• Finviz Chart:

URI (United Rentals, Inc.)

• Support Levels:

  • $750.00
  • $745.00
  • $740.00
• Resistance Levels:
  • $760.00
  • $765.00
  • $770.00
• Price Action Prediction: Momentum is likely to drive URI towards the $765 level over the coming days. Swing targets between $760.00 to $770.00 are feasible based on ATR.

• Entry Point: A strategic entry near $750.00.

• Stop-Loss: Suggested stop-loss at $745.00.
• Finviz Chart:

HII (Huntington Ingalls Industries)

• Support Levels:

  • $200.00
  • $197.50
  • $195.00
• Resistance Levels:
  • $203.00
  • $205.00
  • $207.00
• Price Action Prediction: Watch HII as it potentially moves past $203. Strong volume might propel the stock to $205 in the upcoming days.

• Entry Point: Potential entry around $200.00.

• Stop-Loss: A prudent stop-loss near $197.50.
• Finviz Chart:

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This analysis should help in identifying the momentum-driven opportunities for a swing trader, focusing on stocks showing high probability of short-term gains.