Markets remain on edge but a key component to the strength of any rally is the ability to record breakouts. We have been seeing some recently which could be a healthy sign. Below are a couple names which have done just that. Keep in mind it is imperative to track a stocks movement POST breakout, for many will go on to retest the pivot. Those that fail quickly out of the gate should be viewed negatively and exited immediately.
In our Wednesday 10/14 Game Plan we dissected SIX. The leisure group has been acting well and the stock is on a 4 session winning streak with volume accelerating with each successive day. SIX is almost 4% higher from the recommended trigger and Tuesday outperformed up 1.8%. Todays finishing price was exactly the same as the previous all time CLOSING high on 4/24.
Double bottom with handle trigger SIX 49.24. Stop 47.70.