RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
A number of interesting breakouts
I'm seeing more breakouts. But on its own that's not an indication, as how often I run my screener depends on how strong the breadth looks and also how busy I am with other stuff. I've not only plotted 6 month and 2 year charts, I've also added 5 year ones as it is useful for some stocks. On with the charts:
ABG:
You could not get into this one safely unless you bought on a pullback. Look at the volume, its massive. Its at least 4x the weekly volume or the preceeding week. The volume for the breakout week is also 3x higher than preceeding weeks.
CRUS:
I'm not sure that the pattern is ideal, nor is there a good low risk entry point given the rapid run up before the breakout at 90. Probally a better one for traders. Again a strong volume spike.
ENVA:
Breaking out from a nearly two year continuation with a, kind of, double bottom. Another strong volume spike.