Back to Insights

Continuation Breakout Wednesday 4PM 7/02/2025

July 2, 2025 3 min read

Overall Sector and Industry Analysis

Datetime Range Analyzed: 2025-06-02 to 2025-07-02 (EST)

The data provided spans multiple sectors, with notable activity in technology, healthcare, consumer services, and industrials. Over the past 30 days, there have been fluctuations in both price and volume, reflecting varied investor sentiment across different sectors.

Technology Sector (e.g., DDOG, AMAT, CDNS, KLAC): There are mixed signals within the technology space. While some stocks like CDNS and AMAT exhibit steady performance suggesting resilience and potential upward momentum, DDOG shows volatility with recent high volume spikes, indicating heightened investor interest but also uncertainty.

Healthcare (e.g., CRBU, SAGE, ALNY): This sector shows varied performance. ALNY appears to be on a relatively stable upward trajectory, whereas CRBU shows low trading volume, suggesting lower investor interest or liquidity.

Consumer Services (e.g., NKE, SHAK): Stocks like SHAK have experienced recent gains with consistent buying interest, which may lead to short-term bullish momentum. NKE appears stable without significant volume changes, indicating a lack of strong momentum indicators.

Industrials and Materials (e.g., CAT, FSLR): CAT is seeing stable price action which could indicate consolidation or preparation for a breakout. FSLR has shown mixed signals with potential resistance near its highs.

Ticker Performance Prediction

Based on the analyzed data, the following tickers show potential for upward movement in the next 2-3 days:

  • CDNS (Cadence Design Systems): Consistent upward trend with stable volume.
  • SHAK (Shake Shack): Recent volume upticks and upward price movements suggest bullish sentiment.
  • ALNY (Alnylam Pharmaceuticals): A stable upward move with good price support.
  • KLAC (KLA Corporation): Slight upward trend supported by volume increases.

Individual Stock Analysis

CDNS (Cadence Design Systems)

  • Support Levels: 310, 308, 306
  • Resistance Levels: 312, 314, 316

Price Action Prediction: In the short-term, CDNS is likely to test its upper resistance near 312, possibly pushing towards 314. A pullback to 310 could provide a good entry point, with a focus on maintaining a stop-loss near 308.

Price targets for swing trade: first at 312, then stretching to 314.
Entry Point: Near 310
Stop-Loss: Below 308
finviz dynamic chart for  CDNS

SHAK (Shake Shack)

  • Support Levels: 140, 139, 138
  • Resistance Levels: 142, 143, 145

Price Action Prediction: SHAK’s recent price activity suggests a test of resistance at 142, with potential for movement towards 143. Watch for pullbacks for an entry at around 140.

Price targets for swing trade: first at 142, then reaching up to 143.
Entry Point: Near 140
Stop-Loss: Below 138
finviz dynamic chart for  SHAK

ALNY (Alnylam Pharmaceuticals)

  • Support Levels: 327, 325, 323
  • Resistance Levels: 330, 332, 334

Price Action Prediction: ALNY is positioned for testing resistance at 330 soon, with potential further gains towards 332. Ideal buying opportunities may be seen at 327 with a focus on risk management around 325.

Price targets for swing trade: around 330, then moving towards 332.
Entry Point: Near 327
Stop-Loss: Below 325
finviz dynamic chart for  ALNY

KLAC (KLA Corporation)

  • Support Levels: 919, 917, 915
  • Resistance Levels: 923, 925, 930

Price Action Prediction: KLAC might see an increase towards its resistance of 923, with volume trends supporting a move toward 925. A dip around 919 could offer a reasonable entry.

Price targets for swing trade: initially aiming for 923, further to 925.
Entry Point: Near 919
Stop-Loss: Below 917
finviz dynamic chart for  KLAC

These recommendations are based on technical analysis and historical price volume data, and it’s essential to conduct further diligence or consult with a financial advisor before making any trading decisions.

Share: