Charts of the Day: Breakout Stocks
Another great example of a successful breakout happened earlier this year with Siga Technologies (SIGA). Shares of SIGA broke out on strong volume above $4.19 and then ran up to $5.86. The stock then pulled back and broke out again above $6 a share on strong volume. The stock eventually went on to hit almost $9 a share. Again, you can see that a successful breakout leads to higher price. Remember that the trend is always your friend, and there is never a good reason to fight a trend unless you like to potentially lose money.
With that in mind, let's take a look at a few stocks that are either breaking out or that could be setting up to break out and head much higher.
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