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Continuation Breakout Tuesday 3PM 9/10/2024

September 10, 2024 2 min read

Overall Sector and Industry Analysis

Datetime Range Analyzed:
August 11, 2024 to September 10, 2024 (EST)

Commentary:
The analyzed stocks span several sectors including healthcare (PHAT, UNH, PODD, RMD), technology (FDS, VRTX), real estate (EQIX, AMT), consumer goods (GDC), and biotech (XBIT, ZBAO). Over the past 30 days, it’s clear that certain sectors have shown more pronounced trends in both price and volume performance.

  1. Healthcare:
    • UNH, PODD, RMD: Experienced steady growth with sporadic volume spikes indicating phases of accumulation.
    • PHAT: Demonstrated an upward momentum, especially noticeable in the last 10 days.
  2. Technology:
    • FDS: Displayed minor volatility but overall maintaining a firm bullish trend.
    • VRTX: Showed a strong upward movement, particularly in the last few trading sessions.
  3. Real Estate:
    • EQIX, AMT: These stocks exhibited stable growth trends with consistent volume, signaling a steady investor interest.
  4. Consumer Goods:
    • GDC: This stock had minor fluctuations, with a slow upward climb.
  5. Biotech:
    • XBIT, ZBAO: These stocks saw low volume but had significant price upticks, suggesting limited investing but positive sentiment.

Ticker Performance Prediction

2-3 Day Prediction:
Likely to Go Up: PHAT, FDS, VRTX
Strong Bullish Signals: PHAT, VRTX

Individual Stock Analysis

PHAT

  • Support Levels: $17.00, $17.25, $17.45
  • Resistance Levels: $18.00, $18.25, $18.50

Price Action Prediction (Next 2-3 Days):
Based on its 30-minute chart, PHAT is showing upward momentum:
Targets: $18.00, $18.25
Entry Points: Around $17.25-17.45
Stop-Loss: Near $16.90

finviz dynamic chart for  PHAT

FDS

  • Support Levels: $437.00, $436.00, $435.00
  • Resistance Levels: $442.00, $444.00, $446.00

Price Action Prediction (Next 2-3 Days):
FDS remains stable with minor bullish trend indications:
Targets: $442.00, $444.00
Entry Points: Close to $437.00
Stop-Loss: At $434.00

finviz dynamic chart for  FDS

VRTX

  • Support Levels: $465.00, $469.00, $471.00
  • Resistance Levels: $473.00, $475.00, $478.00

Price Action Prediction (Next 2-3 Days):
VRTX has shown strong buying volume and momentum:
Targets: $475.00, $478.00
Entry Points: Around $469.00-471.00
Stop-Loss: Near $467.00

finviz dynamic chart for  VRTX

This comprehensive analysis provides a clear picture of sector performances and specific stock predictions. For each stock identified as likely to go up, key levels for support and resistance have been provided along with actionable price targets, entry points, and stop-loss recommendations. Use this information for informed short-term trading decisions.

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