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Major Breakouts Are Continuing In A Big Way

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DiscoverGold Member Level  Thursday, 07/29/21 02:46:40 PM
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Post # of 96344 
Major Breakouts Are Continuing In A Big Way
By: Tom Bowley | July 29, 2021

Months of consolidation is now resulting in key breakouts for a number of growth stocks. Amazon.com (AMZN), which will report quarterly results later today, was a high-profile breakout after nearly a year of consolidation. But that's simply set the beginning of a trend. Here are two more that are clearing major price resistance after delivering much-better-than-expected quarterly results:


Here were the reported numbers for AMD:

• Revenues: $3.85 billion (actual) vs. $3.62 billion (estimate)
• EPS: $.63 (actual) vs. $.54 (estimate)

The result?

This looks like a game-changer technically. Though not shown above, AMD is quickly accelerating vs. its semiconductor peers as well. Future 20-day EMA tests would be excellent entry opportunities...

* * *

Happy trading!


Read Full Story »»»


Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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