Continuation Breakout Tuesday 1PM 7/22/2025

Overall Sector and Industry Analysis:

Analyzed Date Range: June 22, 2025, to July 22, 2025, EST

The analysis of the provided stock data focuses on multiple sectors, with particular attention to the last 10 days of trading. Several trends have emerged across both growth-oriented and defensive sectors. The technology and healthcare sectors have shown considerable strength, with tickers like SNPS and LLY displaying robust performance.

In contrast, the energy sector seems to be stagnant with UEC portraying minimal momentum. Traditional defensive stocks such as TRV demonstrate less volatility but maintain stability in their trading ranges. Industrial stocks, represented by BNR, are showing mixed results without clear upward or downward trends.

Noteworthy is the buying momentum in consumer discretionary stocks like HSY and ULTA, driven by strong volume spikes, suggesting potential short-term upward price movements.

Ticker Performance Prediction:

Based on the latest trends and the analysis of the volume and price movements, the following tickers are likely to see upward movement in the next 2-3 days:

1. SNPS (Synopsys, Inc.)
2. ULTA (Ulta Beauty, Inc.)
3. LLY (Eli Lilly and Company)

These stocks exhibit strong bullish signals, such as closing near their session highs with substantial volume, indicative of buyer interest and potential continuation of the upward trend.

Individual Stock Analysis:

Ticker: SNPS

• Support Levels:
  1. $595
  2. $590
  3. $585
• Resistance Levels:
  1. $605
  2. $610
  3. $615
• Price Action Prediction and Strategy:
  For the next 2-3 trading days, expect SNPS to test the resistance near $605. A break above this could see a move towards $610 with higher trade volumes supporting the trend. An entry around $595, close to the support, with a target of $610 represents a 3-day swing trade. Suggested stop-loss should be around $590.
  • Entry: ~$595
  • Price Target 1: $605
  • Price Target 2: $610
  • Stop-loss: $590

  

Ticker: ULTA

• Support Levels:
  1. $500
  2. $495
  3. $490
• Resistance Levels:
  1. $505
  2. $510
  3. $515
• Price Action Prediction and Strategy:
  ULTA has shown upward potential, expected to trade within its existing range. A rise to the $505-$510 zone is anticipated unless broad market conditions alter sentiment. Entering around $500 with a tight stop at $495 can play well for a short-term long position.
  • Entry: ~$500
  • Price Target 1: $505
  • Price Target 2: $510
  • Stop-loss: $495

  

Ticker: LLY

• Support Levels:
  1. $770
  2. $765
  3. $760
• Resistance Levels:
  1. $780
  2. $785
  3. $790
• Price Action Prediction and Strategy:
  LLY’s trend shows bullish momentum with a chance to push past $780. Trade continuation above this level could see the price move towards $785. An entry near $770 is advised, cutting losses at $765 if momentum fails to materialize as expected.
  • Entry: ~$770
  • Price Target 1: $780
  • Price Target 2: $785
  • Stop-loss: $765

  

These insights and levels provide a strategic overview for traders to mitigate risks while capturing short-term opportunities in the predicted upward trending stocks.