Continuation Breakout Tuesday 11AM 7/16/2024

Overall Sector and Industry Analysis

Date Range Analyzed: 2024-06-16 to 2024-07-16 (EST)

After analyzing the price and volume data from the past 30 days, with a specific focus on the past 10 days, we see a variety of trends and patterns across different sectors and industries.

Notable Trends:

1. Health Care Sector:
   • UnitedHealth Group Incorporated (UNH) and Amgen Inc. (AMGN) are showing significant upward momentum.
   • Fairfax Financial Holdings Limited (FRFHF) and American Well Corporation (AMWL) are presenting decent volume spikes indicative of potential upward trends.
2. Finance Sector:
   • FactSet Research Systems Inc. (FDS) and Charles River Laboratories (CRL) are showing consistent upward price movement with significant volume increases.
   • First Citizens BancShares Inc. (FCNCA) also shows potential with solid volume backing an upward movement.
3. Homebuilding Sector:
   • KB Home (KBH), M/I Homes, Inc. (MHO), and Meritage Homes Corporation (MTH) have demonstrated vigorous bullish momentum and are worthy of attention.
4. Technology and Industrials:
   • Caterpillar Inc. (CAT) and Lowe’s Companies, Inc. (LOW) portraying significant price increases coupled with high trading volumes indicating bullish sentiment.
5. Materials and Energy:
   • RS and CRL, along with ** Builders FirstSource, Inc. (BLDR)** are solid performers in these sectors.

Ticker Performance Prediction

Based on the recent 10 days’ data:

• UP in Next 2-3 Days:
  • UNH, AMWL, KBH, MHO, MRNA, MTH, LOW, CRL, BLDR

Individual Stock Analysis

Ticker: UNH

1. Support Levels:
   • 542.00
   • 536.00
   • 529.00
2. Resistance Levels:
   • 546.00
   • 554.00
   • 560.00
3. Price Action Prediction:
   • Likely to continue its upward trend.
   • Target range for the next 2-3 days: 546.00 – 560.00.
   • Possible entry point: 542.00.
   • Stop-loss level: 529.00.
4. Chart:

Ticker: AMWL

1. Support Levels:
   • 7.60
   • 7.30
   • 7.00
2. Resistance Levels:
   • 8.10
   • 8.50
   • 8.70
3. Price Action Prediction:
   • Likely to break through the 8.10 resistance soon.
   • Target range for the next 2-3 days: 8.10 – 8.70.
   • Possible entry point: 7.60.
   • Stop-loss level: 7.00.
4. Chart:

Ticker: KBH

1. Support Levels:
   • 80.00
   • 78.00
   • 75.00
2. Resistance Levels:
   • 82.00
   • 84.00
   • 86.00
3. Price Action Prediction:
   • Continuation of the current bullish momentum likely.
   • Target range for the next 2-3 days: 82.00 – 86.00.
   • Possible entry point: 80.00.
   • Stop-loss level: 75.00.
4. Chart:

Ticker: MHO

1. Support Levels:
   • 144.00
   • 140.00
   • 137.00
2. Resistance Levels:
   • 148.00
   • 150.00
   • 155.00
3. Price Action Prediction:
   • Expecting a push through the 148.00 resistance.
   • Target range for the next 2-3 days: 148.00 – 155.00.
   • Possible entry point: 144.00.
   • Stop-loss level: 137.00.
4. Chart:

Ticker: MTH

1. Support Levels:
   • 185.00
   • 181.00
   • 177.00
2. Resistance Levels:
   • 190.00
   • 195.00
   • 200.00
3. Price Action Prediction:
   • Potential for breaking above 190.00.
   • Target range for the next 2-3 days: 190.00 – 200.00.
   • Possible entry point: 185.00.
   • Stop-loss level: 177.00.
4. Chart:

Ticker: LOW

1. Support Levels:
   • 234.00
   • 230.00
   • 227.00
2. Resistance Levels:
   • 240.00
   • 245.00
   • 250.00
3. Price Action Prediction:
   • Set to challenge the 240.00 resistance soon.
   • Target range for the next 2-3 days: 240.00 – 250.00.
   • Possible entry point: 234.00.
   • Stop-loss level: 227.00.
4. Chart:

Ticker: CRL

1. Support Levels:
   • 220.00
   • 215.00
   • 210.00
2. Resistance Levels:
   • 225.00
   • 230.00
   • 235.00
3. Price Action Prediction:
   • Should continue upward movements beyond 225.00.
   • Target range for the next 2-3 days: 225.00 – 235.00.
   • Possible entry point: 220.00.
   • Stop-loss level: 210.00.
4. Chart:

Ticker: BLDR

1. Support Levels:
   • 158.00
   • 155.00
   • 153.00
2. Resistance Levels:
   • 162.00
   • 165.00
   • 170.00
3. Price Action Prediction:
   • Likely to maintain upward trend.
   • Target range for the next 2-3 days: 162.00 – 170.00.
   • Possible entry point: 158.00.
   • Stop-loss level: 153.00.
4. Chart:

Analyzing these stocks’ trends and movements, we see solid opportunities for short-term gains in the above tickers, with their entry, exit, and stop-loss well-calculated for a momentum-based swing trading plan.