Top Breakout Stocks for Your Watchlist
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LSI Corporation (NYSE:LSI) has broken out to all time highs again. The volume on Tuesday’s break was great and the stock is now seeing blue skies as there is no resistance overhead. The technical chart is showing tremenous strength with KD rising and MACD above 0. In addition, both 50 day and 200 day are both rising showing the stock would be in bull market for a while. Only a close below $8 would warrant a change in sentiment.
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The Home Depot, Inc. (NYSE:HD) remains in a clear uptrend. The stock looks strong enough to move forward.
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As I expected, the stock broke up through the resistance at $50.50 on huge volume of over 3.3 Million shares. At this stage, further rally is still possible. The breakout signals a continuation of the prior advance. Even though I find the breakout bullish, I also find Fastenal Company (NASDAQ:FAST) a bit overextended. As long as $49.50 holds, this breakout is in great shape. The stock has the potential for a strong follow through, so watch it closely on Wednesday.
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Coach, Inc. (NYSE:COH) is going to be very interesting to watch as the stock hit a new 52-week high. Resistance is now $76.25, which was Tuesday’s high of the day. You want to keep a close eye on COH as it has the potential to make big upside moves.
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Foot Locker, Inc.(NYSE:FL) stock could be poised for more upside in the weeks ahead after breaking above the key $27.32 level on heavy volume today. Bulls have the near-term technical advantage and gained fresh upside momentum today. Upside momentum still intact. I like that the stock finished strong and expect to see a continuation move on Wednesday.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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AC
Labels: COH, FAST, FL, HD, LSI
