Using TriggerPoint Research’s proprietary algorithm we have identified some of those stocks with the potential to breakout. While they have not quite hit that point, these stocks are on our watch-list for a TPR Equity ALERT!
Stocks have continued their rally after the Federal Reserve did little to change their tune erring on the dovish side. One last major piece of news is due this week with the unemployment rate and payrolls numbers. It would be difficult to imagine the numbers coming in less than expectations considering the surprise increase in ADP private payrolls and the trend in unemployment claims witnessed on Wednesday and Thursday respectively.
As earnings season is still in full effect, it is important to watch out for the earnings dates of these potential setups. Equities become quite volatile up to and during the earnings report which can cause havoc on a portfolio. Those in dark red indicate earnings are in the imminent future and those in pink indicate earnings in the near future.
Please see important risk disclosures before acting on this ALERT!
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