Continuation Breakout Tuesday 2PM 8/06/2024

Datetime Range Analyzed: July 7, 2024, to August 6, 2024, EST

Overall Sector and Industry Analysis:

Based on the data provided, here is an analysis of the individual stock movements within their respective sectors. Notable observations and patterns include:

• ALLE (Industrial Goods – Security & Protection Services): ALLE has shown a strong upward trend over the past 30 days, culminating in significant price gains and volume spikes in the past 10 days. The recent trading suggests strong investor interest.

• VTVT (Healthcare – Biotechnology): This ticker has volatile movements with sharp price increases and volume spikes, typical in the biotech industry where news and drug trial results can lead to erratic trading.

• TKNO (Technology – Software): Shows a fairly balanced price but has recently seen a consolidation phase. In the last 10 days, volume has been increasing, suggesting a potential breakout or breakdown soon.

• RTX (Industrial Goods – Aerospace/Defense Products & Services): Stable price movements without much volatility hint at steady investor confidence. Volume trends indicate consistent interest without major spikes.

• MPC (Energy – Oil & Gas Refining & Marketing): It has had a steady climb over the last 30-days. However, there’s been some indecision recently, shown by fluctuating volumes and prices.

• FTDR (Consumer Services – Specialized Consumer Services): With a noticeable uptrend in both price and volume in the last 10 days, indicating strong positive momentum.

• CSTL (Healthcare – Medical Devices): Increased volatility and volume, with prices showing a potential reversal after a downtrend.

• BLDR (Industrial Goods – Building Materials Wholesale): A sharp rise in both price and volume over the last 10 days, suggesting strong bullish sentiment.

• UHS (Healthcare – Hospitals): Recently showing signs of bullishness with steady price movements and supporting volumes.

• STE (Healthcare – Medical Instruments & Supplies): Strong gains in the past month supported by increasing volumes, indicating bullish momentum.

• NSC (Industrial Goods – Railroads): Stable with slight upward movements, maintained by consistent volumes.

• HD (Services – Home Improvement Stores): A solid uptrend has been seen with supporting volumes, showing robust investor confidence.

• CVLT (Technology – Data Management): Stable price movements with volumes suggesting a balanced interest; recently, a slight bullish movement.

• BLK (Financial – Asset Management): Recently strong bullish tendencies supported by significant volume, indicating strong investor sentiment.

Ticker Performance Prediction:

Likely to go up in the next 2-3 days:
1. BLDR: Shows strong bullish signals with rising volumes.
2. FTDR: Strong positive momentum indicated by increased volume and price uptrend.
3. STE: Bullish signals supported by strong volume.

Individual Stock Analysis:

BLDR (Builders FirstSource Inc.)

• Support Levels:
  • $156.68
  • $155.18
  • $153.40
• Resistance Levels:
  • $160.13
  • $162.00
  • $165.00
• Price Action Predictions:
  • Entry Point: Near $156.00-$156.68
  • Targets:
  • Target 1: $160.13
  • Target 2: $162.00
  • Target 3: $165.00
  • Stop-Loss: Near $153.40
• WordPress Shortcode:

FTDR (Frontdoor Inc.)

• Support Levels:

  • $44.64
  • $44.30
  • $43.90
• Resistance Levels:
  • $45.23
  • $45.50
  • $46.00
• Price Action Predictions:
  • Entry Point: Near $44.95-$45.00
  • Targets:
  • Target 1: $45.50
  • Target 2: $46.00
  • Stop-Loss: Near $43.90
• WordPress Shortcode:

STE (STERIS PLC)

• Support Levels:

  • $238.07
  • $237.00
  • $236.00
• Resistance Levels:
  • $241.64
  • $242.50
  • $244.00
• Price Action Predictions:
  • Entry Point: Near $238.50-$239.00
  • Targets:
  • Target 1: $242.50
  • Target 2: $244.00
  • Stop-Loss: Near $236.00
• WordPress Shortcode:

Comprehensive Summary:

The above tickers show strong bullish signals backed by increasing volumes and supportive price action. The considerations for entry, targets, and stop-loss levels are aimed to maximize returns while managing risk effectively. Keep an eye on sector-specific trends and external economic influences which could impact price movements.