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Breakouts from big bases, Hot List earnings reactions and more

Scott Brown, CMT's avatar
Scott Brown, CMT
Jul 27, 2023
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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).


Blue Chip Hot List earnings reactions

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