Here are three stocks that just broke key technical levels and appear ready for larger gains, according to Harry Boxer.
Lattice Semiconductor Corporation (LSCC) jumped 90¢ to $20.10 on 2.1 million shares Tuesday. The move, on nearly double its average volume, came on no news from the low power programmable provider. The stock has been in a sideways consolidation since August after a huge eight-month run-up from under $6 to over $21 and appears poised to run again. Watch for a break of the current trend line, which could lead to a rally to $27.
O-I Glass, Inc. (OI) popped 70¢ to $13.36 on 4.5 million shares Tuesday. On Monday the producer of glass containers announced its wholly owned subsidiary filed Chapter 11 to resolve asbestos-related claims. The stock has been steadily climbing from below $9 in November, and this week's breakout took it above key lateral resistance. Watch for a move next to test the gap just under $15 from late July's drop.
WW International, Inc. (WW) advanced $1.90 to $41.04 on 4.3 million shares Tuesday, continuing the rally from Monday. Oprah Winfrey, who is a major shareholder in the weight management services company, kicked off her nine-arena tour this past weekend, called "Oprah’s 2020 Vision: Your Life in Focus," presented with the company. The stock has bounced off the bottom of its ascending channel and is now approaching lateral resistance at $44.25. A move through there could accelerate the stock to $54.
See Harry's video chart analysis on these stocks.
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Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.
