Choosing breakout stocks is probably one of the most popular techniques used by active investors. The logic behind this stock selection strategy is to identify stocks that are trading within a narrow band. Such stocks are to be purchased as soon as they move above this channel and sold when they fall below. In case a stock moves above this band, it usually gains momentum…
ON Semiconductor (ON) Ready to Breakout?
A resistance level has emerged in the chart of ON Semiconductor Inc. (ON). Once again the stock is approaching this level and a breakout could occur…
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SS&C Technologies (SSNC): A Breakout is in the Charts
SS&C Technologies (SSNC) is approaching a key resistance level. If this level is surpassed a breakout could occur…
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Materialise NV (MTLS) Ready for a Breakdown?
A key support level has emerged in the chart of Materialise N.V. (MTLS). If this level is broken, a breakout could occur…
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First Majestic Silver Corp. (AG) Ready to Breakdown?
A descending triangle pattern has formed in the chart of First Majestic Silver Corp. (AG). This is a bearish pattern and if the support level is surpassed, a breakdown is expected…