Continuation Breakout Tuesday 3PM 2/25/2025

by | Feb 25, 2025 | Swing Idea | 0 comments

Overall Sector and Industry Analysis:

Datetime Range Analyzed: January 27, 2025 – February 25, 2025 (EST)

The past month has shown varied performance across different sectors, with some areas displaying strong momentum while others struggled. The recent 10-day period has highlighted some key trends and volume shifts.

  • Industrial Sector: Companies like POOL (Pool Corporation) have displayed consistent movement, indicating resilience even during broad market fluctuations. The industrial sector’s steady volume suggests investor confidence, likely driven by consistent economic indicators favouring construction and infrastructure-related companies.
  • Healthcare Sector: REGN (Regeneron Pharmaceuticals) showed a mixed performance with significant intraday volatility. While there has been a downtrend, recent spikes in volume may suggest positioning by institutional players.
  • Basic Materials: APD (Air Products and Chemicals) has experienced an uptick, with a notable increase in trading volume, hinting at possible accumulation by traders.
  • Technology: SHLS (Shoals Technologies) is observing growing interest, as reflected by increasing volume over recent sessions, potentially indicating a bullish reversal.
  • Energy/Mining: DDC (Dominion Diamond Mines) shows fluctuating price action but holds a potential bullish scenario with modest volume spikes towards the end.
  • Consumer Discretionary: LMT (Lockheed Martin) maintains a balanced trading pattern, though signs of weakness are starting to emerge as the volume diminishes.

Ticker Performance Prediction:

Based on the recent price action and volume analysis, the following tickers are projected to rise in the next 2-3 days:

  1. MOH (Molina Healthcare): Bullish trend with increasing volume towards the month end.
  2. APD (Air Products and Chemicals): Strong upward movement aligned with recent volume spikes.
  3. MPLN (MultiPlan Corporation): Noticeable upward price movement and volume build-up.

Individual Stock Analysis:

MOH (Molina Healthcare):

  • Support Levels: 299.00, 297.25, 295.50
  • Resistance Levels: 302.50, 305.00, 307.70
  • Price Action Prediction: Expect the stock to test the resistance at 302.50 in the next 2-3 days, possibly moving towards 305.00 if momentum holds.
  • Price Targets:
    • Target 1: 302.50
    • Target 2: 305.00
    • Target 3: 307.70
  • Entry Points: Consider entries around 299.00 to 297.25.
  • Stop-Loss Levels: Suggested at 295.00.
  • Finviz Chart: finviz dynamic chart for MOH

APD (Air Products and Chemicals):

  • Support Levels: 316.00, 314.50, 312.75
  • Resistance Levels: 318.25, 320.00, 322.50
  • Price Action Prediction: APD is likely to challenge the resistance at 318.25 with momentum driving it further to 320.00.
  • Price Targets:
    • Target 1: 318.25
    • Target 2: 320.00
    • Target 3: 322.50
  • Entry Points: Entry opportunities may arise near 316.00.
  • Stop-Loss Levels: Advised at 313.50.
  • Finviz Chart: finviz dynamic chart for APD

MPLN (MultiPlan Corporation):

  • Support Levels: 19.75, 19.50, 19.25
  • Resistance Levels: 20.25, 20.50, 20.75
  • Price Action Prediction: The stock is poised to test the 20.25 resistance, with potential to reach 20.50 in 1-3 days.
  • Price Targets:
    • Target 1: 20.25
    • Target 2: 20.50
    • Target 3: 20.75
  • Entry Points: Consider buying at pullbacks near 19.75 to 19.50.
  • Stop-Loss Levels: Set near 19.20.
  • Finviz Chart: finviz dynamic chart for MPLN

These analyses suggest potential upsides but also carry the inherent risks of short-term trading. Continuous monitoring of market conditions is recommended alongside these strategies.

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