The hedge fund industry and some trading desks at the big investment banks are usually mystified for always knowing where and when to be. Most of what they do is obscure, but the little that has come to light can easily be adopted by retail traders and investors today. To go through one example, today's breakout stock in the financial sector offers just that.
Shares of Triumph Financial Inc. (NASDAQ: TFIN) have recently broken out to a new 52-week high, and there is significant evidence that this recent rally might be only the beginning. Connecting the dots, the transportation sector has recently achieved similar bullish price action, not to mention fundamental breakouts in both the services and the manufacturing PMI indexes.
