Stocks Ready to Break Out

Stocks that are ready to break out and are consolidating in bullish/bearish triangles, flags, pennants, rectangles, and wedges ahead of the continuation of the trend.

 

NIKE, Inc. (NKE) is consolidating in a rectangle pattern over the last 4 weeks with resistance in the 94.8 area. Break of that resistance if potential long swing trade entry level with targets at 96 and 97.5.

 

The Goldman Sachs Group, Inc. (GS) – broke resistance at 224 on Friday with volume 2x average thus confirming new momentum which could move prices into 235 areas within the next 2-10 trading days.

http://bit.ly/36eYikU

 

ONEOK, Inc. (OKE) – watch for a break out of the ascending triangle at 72.6.

 

Biogen Inc. (BIIB) – approaching potential breakout point at 309. Watch for acceleration toward the 320-330 zone if breakout occurs.

 

Garmin Ltd. (GRMN) confirmed breakout above 98 lateral resistance, target 101 area.

full watch list: http://bit.ly/371TsIi

 

Applied Materials, Inc. (AMAT) - watch for a breakout above 63...

 

Live Nation Entertainment, Inc. (LYV) – long trade candidate on a break of 172.6 resistance.

 

Beyond Meat, Inc. (BYND) is approaching a potential breakout point in the 132-133 area after two weeks of consolidation in a symmetrical triangle formation. Targets in a case of breakout: 140, 160.