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Continuation Breakout Tuesday 3PM 7/29/2025

July 29, 2025 2 min read

Overall Sector and Industry Analysis:

The analysis focuses on the datetime range of July 1, 2025, to July 29, 2025 (EST), providing insights into the recent 30-day performance, with a closer look at the last 10 days. There is a diverse representation of sectors including Healthcare, Technology, Consumer Goods, and Industrials, which have shown variable patterns in both price and volume movements.

In the Technology sector, stocks like CDNS (Cadence Design Systems) and SNPS (Synopsys) have demonstrated strong resilience, as evidenced by steady price increments and moderately increasing volumes. The Healthcare sector, with stocks like ARGX (argenx) and ELV, reflects a mixed performance; ARGX shows a late bullish return, characterized by short-term rallies.

The Industrial sector, as seen with WWD (Woodward) and GL (Globe Life), displays moderate consistency in price with occasional volume spikes, possibly suggesting institutional interest or news-driven moves.

Ticker Performance Prediction:

Among the tickers, ARGX and GL appear bullish with the tendency for price upswings in the next 2-3 days. ARGX has managed a steady climb supported by increasing volumes, suggesting ongoing bullish sentiment. Similarly, GL, with its consistent upward trend, is likely to continue its positive momentum.

Individual Stock Analysis:

ARGX:

  • Support Levels: 596, 591, 585
  • Resistance Levels: 599, 604, 610
  • Price Action: Expect continuation of bullish movement. Consistent trading above 598 can trigger a test of 604.
  • Entry Point: Consider entries near 596-598.
  • Stop-Loss: Suggest placing stop-loss at 590, below the recent strong support level.
  • Price Targets: Near-term targets are 604 and 610.
finviz dynamic chart for  ARGX

GL:

  • Support Levels: 141.50, 140.75, 140.00
  • Resistance Levels: 143.30, 144.00, 145.00
  • Price Action: Increasing momentum with potential breakout above 143.30 could lead to 144 testing.
  • Entry Point: Ideal entries near 141.50-142.00.
  • Stop-Loss: Put stop-loss at 140.50, slightly below the support zone.
  • Price Targets: Short-term targets can be 144 and 145.
finviz dynamic chart for  GL

This technical assessment draws from both price actions during the past month and volume trends, leveraging these as indicators for short-term trading strategies. The highlighted stocks show promising conditions for swing trade setups, aligned with strategic entry and exit points and mindful risk management.

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