Stage 2 breakouts
$LCID Stage 2A breakout on more than 4x average weekly volume with RS versus the S&P 500 above the rising zero line (52 week RS MA)
$BE Stage 2A breakout on 4.4x average weekly volume with RS versus the S&P 500 reversing through the zero line (52 week RS MA)
$ENPH Stage 2 breakout on 3.3x average weekly volume and RS versus the S&P 500 making new near term highs above a rising zero line (52 week RS MA)
Group theme emerging in as the Renewable Energy Group $DWCREE broke out in to Stage 2A this week. So deep dive recommended.
$PLUG Stage 2A breakout. Volume only at 1.51x the average weekly volume, but had a significant bar on the 13th October which it's held above since.
RS versus the S&P 500 approaching the zero line. So technical attributes could improve to postive status on any further advance.
$PERI Stage 2 breakout on 6x the average weekly volume and RS versus the S&P 500 at new highs.
Closed at resistance from the Feb high, so expectation would be for consolidation or backing up action.
$SPOT early Stage 2 breakout on 2.13x average weekly volume and with RS versus the S&P 500 still underperforming below the still declining zero line. So may need to form a higher base or backup as is an early breakout attempt.
*************************
All of these stocks have appeared in the Stage Analysis Members Watchlist multiple times over the last few months.
So if you want to find these kind of stocks before they breakout into Stage 2, then become a Stage Analysis member today.
➜ Membership - use the Stage Analysis Members link on the front page: https://www.stageanalysis.net/
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.