Continuation Breakout Thursday 2PM 6/20/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed:
– From: 2024-05-21 00:00:00 EST
– To: 2024-06-20 13:30:00 EST

Sector and Industry Commentary:

The data provides a diverse look across multiple sectors including biotechnology (VRAX), engineering and environmental services (TTEK), medical devices (INSP), pharmaceuticals (CRL), diagnostics and research (TTOO), energy-related real estate (TPL), bankruptcy/settlement scenarios (EIGRQ), and logistics (ARCB).

1. Biotech and Pharmaceuticals (VRAX & CRL):
   • VRAX: Over the past 10 days, VRAX has shown declining volume with erratic price movements. It indicates a potential lack of investor interest or uncertainty in the stock.
   • CRL: CRL appears more stable with a discernible uptrend over the last 10 days. The volume has been consistent with minor spikes, suggesting steady institutional interest.
2. Engineering and Environmental Services (TTEK):
   • TTEK: This stock shows strong bullish momentum with increasing volume and higher highs over the recent 10 days, suggesting robust performance.
3. Medical Devices (INSP):
   • INSP: INSP has experienced a downward trend in price with fluctuating volume, which might indicate selling pressure and cautious market sentiment.
4. Diagnostics and Research (TTOO):
   • TTOO: There has been significant price oscillation with high volume, particularly in the last 5 days. This indicates potential market interest but also volatility.
5. Energy-related Real Estate (TPL):
   • TPL: The stock shows a consistent uptrend with supportive volume activity, which is suggestive of strong investor confidence in the sector.
6. Bankruptcy/Settlement Scenarios (EIGRQ):
   • EIGRQ: This stock has low liquidity and minimal movements, reflecting its speculative nature and risk profile.
7. Logistics (ARCB):
   • ARCB: The stock has shown a positive momentum with increasing closes and substantial volume in the last 10 days, highlighting industry growth and potential market gains.

Ticker Performance Prediction:

Based on the patterns observed, the following tickers are likely to see upward movement in the next 2-3 days:
– TTEK: Strong bullish signals with increasing volume and price.
– ARCB: Clear uptrend with rising volume and higher lows, indicating sustained positive sentiment.

Individual Stock Analysis:

TTEK (Tetra Tech):

• Key Support Levels:
  1. $208.00
  2. $206.50
  3. $205.00
• Key Resistance Levels:
  1. $210.00
  2. $212.50
  3. $215.00
• Price Action Predictions (30-minute chart):
  • Targets for 1-3 day swing:
  • Near $212.50 and $215.00
  • Possible Entry Points:
  • Near $208.00
  • Stop-Loss Levels:
  • Close to $206.00
• Finviz Chart:

ARCB (ArcBest Corporation):

• Key Support Levels:
  1. $106.00
  2. $105.00
  3. $104.50
• Key Resistance Levels:
  1. $108.50
  2. $110.00
  3. $112.00
• Price Action Predictions (30-minute chart):
  • Targets for 1-3 day swing:
  • Near $110.00 and $112.00
  • Possible Entry Points:
  • Close to $106.00
  • Stop-Loss Levels:
  • Around $105.00
• Finviz Chart:

These predictions rely on the observed volume and price movements within the given timeframe and focus on potential short-term gains. It is suggested to monitor the stocks for any significant market news or changes impacting these sectors.