Continuation Breakout Tuesday 2PM 9/02/2025

Overall Sector and Industry Analysis (August 3, 2025 to September 1, 2025 in EST):

During the past 30 days, we have observed a mixed performance across different sectors and industries based on price and volume dynamics. The healthcare sector exhibited some positive momentum, particularly supported by stocks like IRTC and HCA showing steady volume increases and upward price trends. In parallel, industrials such as URI and GWW reflected robustness, with URI especially marking a consistent upward movement due to solid volume.

The technology sector experienced some volatility but included some outperformers like IDCC, which displayed bullish signals and stronger momentum. The energy sector saw modest activity with LNG showing potential amidst fluctuating interest. Finally, the financial sector saw mixed results with some tickers struggling for gains amidst overall sector challenges.

Ticker Performance Prediction:

In the short term, several tickers suggest potential upward momentum over the next 2-3 days. Tickers like IRTX, URI, and IDCC are likely to experience gains, attributed to their strong recent performance and solid volume support. They exhibit clear bullish signals based on the latest price action and technical patterns.

Individual Stock Analysis:

• IRT (Inari Medical Inc):
  1. Support Levels: $168.00, $169.50, $170.25
  2. Resistance Levels: $171.00, $172.50, $173.75
  3. Price Action Prediction: Expect a slight upward trend challenging the $171 resistance.
  4. Price Targets: Near-term targets at $171.50 and $172.
  5. Entry Point: Consider entries near $169.50 (support).
  6. Stop-Loss Level: Around $168.00.
  7. Chart:
• URI (United Rentals Inc):
  1. Support Levels: $944.00, $950.50, $953.00
  2. Resistance Levels: $955.00, $958.00, $960.50
  3. Price Action Prediction: Likely to consolidate before pushing through the $955 resistance.
  4. Price Targets: Short targets set at $956.5 and $959.
  5. Entry Point: Aiming for entries around $950.
  6. Stop-Loss Level: Near $944.00.
  7. Chart:
• IDCC (InterDigital Inc):
  1. Support Levels: $273.50, $274.75, $275.25
  2. Resistance Levels: $276.50, $278.00, $279.50
  3. Price Action Prediction: Continued upward movement expected with a challenge on the $276.50 resistance.
  4. Price Targets: Target levels to watch at $277 and $278.
  5. Entry Point: Look for entries near $274.75.
  6. Stop-Loss Level: Around $273.50.
  7. Chart:

These stocks are presenting favorable swing trading opportunities due to their recent volume surge and positive price action. Traders should regard support and resistance levels closely to optimize entry and exit strategies. Always adjust risk management settings per evolving market conditions.