Harry Boxer of TheTechTrader.com gives his insights on three breakout stocks and their chart movements from yesterday's late rally.
Crocs, Inc. (CROX) popped 1.82 to 43.86 on 1.2 million shares traded Tuesday. The stock is approaching highs not seen in 13 years. It's currently up against lateral resistance, but momentum could take it higher, with the channel top pointing to the high 40’s next.
Caesars Entertainment, Inc. (CZR) jumped 3.70, or 6.5%, to 58.13 on 4.3 million shares traded Tuesday. The stock has been steadily climbing just above the lower trend line of the channel, which it tested on a pullback in the last four days before Tuesday's bounce. Watch for a move next to 65, and then 69.
Twitter, Inc. (TWTR), which we put a day trade on, broke out on Tuesday, and looks pretty strong here. It popped 2.83, or 7%, to 42.73 on 22.3 million shares traded. After a retest of the 44 range, we’re looking at 46-47.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.