Back to Insights

Continuation Breakout Wednesday 3PM 7/09/2025

July 9, 2025 3 min read

Overall Sector and Industry Analysis

Datetime Range Analyzed: 2025-06-09 to 2025-07-09 (EST)

The analysis of recent market activity illustrates varied performances across sectors. High-tech and semiconductor sectors, represented by tickers such as AVGO and NVR, have experienced significant positive momentum with consistent price increases over the past ten days. Notable also is the industrials sector, with stocks like MLM and FCNCA showing growth indications despite some volatility.

Some trends worth mentioning:
– The Technology Sector (including stocks like MSFT and META) has witnessed increased bullish activity, partially driven by rising demand in tech innovations and favorable market sentiment.
– The Basic Materials Sector, with stocks such as MLM and PAHC, has shown signs of consolidation with sporadic bullish trends, possibly related to ongoing infrastructural developments.
– In the Healthcare Sector, stocks like ALDX and ERAS have exhibited increased trading volumes but without a decisive directional bias, indicating investor caution and potential for both upward and downward movements.

Ticker Performance Prediction

Likely to Advance in the Next 2-3 Days:
AVGO: With robust bullish indicators, strong volume support, and technical patterns suggesting continuation.
MLM: Momentum and volume surge last few days indicate a potential bullish channel.
NVR: Notable for the higher highs and solid closing positions, it’s poised for short-term gains.
FCNCA: Strong recovery with upward trajectories supported by superior fundamentals over the past week.

Strong Bullish Signals:
AVGO: Over the past period, it’s traded above its moving averages with increased volume, signaling potential breakout upside.
MLM: Recently broke past resistance levels with significant volumes, indicating buyer dominance.

Individual Stock Analysis

AVGO

  • Support Levels: 278.00, 277.50, 276.30
  • Resistance Levels: 280.00, 281.50, 283.00
  • Price Prediction: Anticipate a shift towards the 280.00 target as technical momentum persists, with possible pullbacks near 278.00 support.
  • Price Targets: 280.50 (ATR-based), 282.00 (resistance level breakout)
  • Entry Point: Consider entering near 277.50
  • Stop-Loss: Tight stop at 276.00 below key support
  • Finviz Chart: finviz dynamic chart for  AVGO

MLM

  • Support Levels: 563.00, 561.00, 559.50
  • Resistance Levels: 568.00, 570.00, 571.50
  • Price Prediction: Momentum suggests potential push towards the 568.00 resistance. Watch for volume confirmation at this level.
  • Price Targets: 567.00, 570.00
  • Entry Point: Around 563.00 support level
  • Stop-Loss: Below 561.00
  • Finviz Chart: finviz dynamic chart for  MLM

NVR

  • Support Levels: 7610.00, 7590.00, 7550.00
  • Resistance Levels: 7680.00, 7700.00, 7730.00
  • Price Prediction: Potential further upside driven by solid fundamentals; 7700.00 mark is the next target.
  • Price Targets: 7700.00, 7720.00
  • Entry Point: Around 7630.00 on pullback
  • Stop-Loss: 7590.00
  • Finviz Chart: finviz dynamic chart for  NVR

FCNCA

  • Support Levels: 2090.00, 2080.00, 2070.00
  • Resistance Levels: 2108.00, 2115.00, 2120.00
  • Price Prediction: Continued strength above 2105.00 could lead to new highs; Key movement between 2110.00 and 2120.00.
  • Price Targets: 2112.00, 2118.00
  • Entry Point: 2095.00 level
  • Stop-Loss: 2080.00
  • Finviz Chart: finviz dynamic chart for  FCNCA

These predictions and analyses are dependent on current market sentiment and are subject to change based on macroeconomic conditions and company-specific news. Monitoring volumes and institutional activities continue to be crucial for making informed trading decisions.

Share: