Overview
Today’s continuation breakout scan returned just 4 signals, a quiet session relative to typical scan depth. With 28.5% of stocks above their 40-day SMA and sentiment reading Very Bearish/Neutral, the broader tape remains under pressure. Leadership is narrow, with Health Care (1.3% ATR%) and Energy (1.1% ATR%) showing relative strength while Materials, Communication Services, and Real Estate bleed (-1.8% to -2.7% ATR%). None of today’s four candidates sit in the leading sectors, which tempers conviction further.
Quality Score: 3/5. Per regime rules, bearish conditions cap quality at 3 regardless of individual setup strength — market headwinds limit follow-through potential even on technically sound patterns. Average RVOL across the group is modest (~0.95), with only FICO showing genuine volume conviction (1.8x).
Sector concentration: Signals are scattered across Building/Construction (MYRG), Software (FICO), Metals (RYZ), and Consumer/Appliances (SN) — a diverse but thin sample rather than a concentrated theme trade. This diversity is more a function of low signal count than broad market strength.
Top Picks
FICO ($740.00) — Software / Comp Sftwr-Financial
Technical Setup: FICO is the standout today, up 10.8% on 1.8x RVOL, confirming institutional-grade volume behind the move. Price sits in a “between” zone, clear of both the weekly demand shelf (610.67–660.25) and the 4h supply zone (839.65–846.31), giving room to run before hitting resistance. With 2,126 funds holding (INST bucket B2), this is the highest-conviction name in the batch.
| Level | Price |
|---|---|
| Entry | $742.00 |
| Stop | $697.10 (5.8% ADR-based) |
| Target 1 | $839.65 (supply lower bound) |
Institutional Backing: 2,126 funds, INST classification, Bucket B2 — the deepest institutional footprint in today’s list.
SN ($189.98) — Consumer / Household Appliances
Technical Setup: SN gained 2.7% and is pressing directly into a tight 4h supply zone (191.70–193.24), just 0.91% away. ATR%-M of 2.1 shows expanding volatility, and the stock is only 2.3% off its 52-week high, signaling strong underlying trend structure despite sub-1 RVOL today.
| Level | Price |
|---|---|
| Entry | $193.50 (breakout above supply) |
| Stop | $177.74 (demand zone upper bound) |
| Target 1 | $200.00 |
Institutional Backing: 1,118 funds, INST classification.
MYRG ($313.18) — Building / Heavy Construction
Technical Setup: MYRG is testing a 1h supply zone (317.54–321.77), just 1.39% overhead, with modest 1.2x RVOL confirming participation. Weekly demand support sits well below at 258.20–285.68, giving a wide but lower-probability risk/reward band. 705 funds provide a reasonable institutional base.
| Level | Price |
|---|---|
| Entry | $314.50 (break above supply) |
| Stop | $301.30 (3.8% ADR-based) |
| Target 1 | $321.77 |
Institutional Backing: 705 funds, Bucket B2.
RYZ ($26.35) — Metals / Distribution-Fabrication
Technical Setup: RYZ is sitting directly at_demand (24.975–25.57), with tight daily zone strength of 6.3. RVOL of 0.5 is the weakest in the group, meaning this is more of a bounce-watch than a confirmed breakout — treat as lowest conviction of the four.
| Level | Price |
|---|---|
| Entry | $26.60 (reclaim above 1h supply lower) |
| Stop | $24.90 (below demand zone) |
| Target 1 | $27.04 |
Institutional Backing: 337 funds, Buckets B0/B1/B2.
Honorable Mentions
All four scanned signals were covered in depth above — today’s breadth simply did not produce a deeper bench of candidates.
Strategy Summary
With only four continuation breakout signals and a bearish regime capping upside expectations, today calls for selectivity over aggression. FICO is the clear standout given its volume surge and institutional depth; SN offers a tighter, high-probability supply test. MYRG and RYZ are lower-conviction plays better suited to small position sizing or watchlist status. Given thin breadth (28.5% above SMA-40) and weak sentiment, traders should favor tight stops and partial profit-taking at first targets rather than pressing for extended runs.