Stock Trends
Breakouts from big bases, Hot List earnings reactions and more
Good morning,
Fed Day came and went with about as small of a market reaction as I can remember. It has been a big week for earnings, but the story of the market continues to be rotation.
This week, we’ll check in on leaders within energy as well as:
Breakouts from big bases
Hot List earnings reactions
Bullish moves from lagging industrials
Chinese ADRs perking up
and more!
Breakouts from big bases
STZ: Constellation Brands
The bigger the base, the higher the space. This picture-perfect rectangle measures to $312, or 15% of upside from yesterday’s close.
MA: Mastercard
MA popped up in Overtime: Financials earlier this week and acts very well. Breaking out of a more than 2-year base and above rising 50 and 200-DMAs.
VRSK: Verisk Analytics
Verisk Analytics just broke out to new all-time highs. Another bullish industrials chart (more on those below).
