If price action is any indication of where the market stands on a stock or group of stocks, then there are a few names that have shown investors where their potential may lie in the coming quarters. By breaking out the way they have recently, chances are that more capital and attention will start to flow into them, bringing even higher returns to shareholders.
Of course, a breakout in price action is not only founded on the technical belief that a continuation buying wave will come in behind it, but it also has to have the fundamental factors to justify higher prices. This is where today’s analysis comes into play, checking in with Wall Street and other market participants to understand the recent breakout and whether it has more room to go higher.
