PopularWe're seeing the exact same setup right now in shares of Puerto Rican banking stock Popular (BPOP - Get Report). Like SIRI, Popular made a significant run coming into early 2013, only to consolidate sideways more recently. For BPOP, resistance comes in at $29, while this stock has support down at $27. Again, the high probability trade is a bet in the direction of this stock's breakout from the rectangle.
5 Consumer Stocks Ready to Push Higher This Week
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts