Nearest Support: $34
Catalyst: Earnings Carryover >>5 Tech Stocks Triggering Breakouts First up is Facebook ( FB), a name that's one of the most active stocks for the second week in a row after posting strong earnings numbers on July 24. It's not so much that FB posted good earnings that's sent it soaring in the days since the release. Instead, shares broke out to new 52-week highs on the heels of the earnings numbers, and that left FB without any resistance from a technical standpoint. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. If you're looking for an entry, I'd suggest waiting -- momentum is showing signs of fatigue.
Nearest Support: $23.50
Catalyst: Earnings >>5 Big Stocks to Trade for Gains The same exact thing is happening over at Chesapeake Energy ( CHK) following the firm's second-quarter earnings numbers. Chesapeake earned 66 cents per share for the quarter, besting Wall Street's meager 41-cent expectations by a big margin. Shares are up more that 6% in today's session as a result. CHK looks strong from a technical standpoint too. While $25 looks like intraday resistance for CHK right now, it's not a particularly strong price ceiling. For investors who aren't risk-averse, I'd suggest putting on a position in today's session -- just keep a tight stop in place.
Nearest Support: $2.70
Catalyst: July Sales Release >>5 Stocks Set to Soar on Bullish Earnings Retail pharmacy chain Rite Aid ( RAD) is getting some attention this afternoon, after the firm released its July sales report to Wall Street. Same-store-sales increased 1.3% in the last month, a strong boost for a firm that's already seen its fair share of fundamental strength in 2013. Today's 5% increase in shares could just be the first step. That's because RAD is currently forming a bullish ascending triangle pattern. The setup is formed by horizontal resistance at $3.20 and uptrending support to the downside of shares. I'd recommend becoming a buyer if RAD is able to print above $3.20 -- then it makes sense to keep a protective stop at the 50-day moving average.
Nearest Support: $38
Catalyst: Q2 Earnings >>5 REITs to Trade for August Gains Last, but certainly not least, is Trulia ( TRLA), the $1.5 billion real estate search engine company that went public in September. Shares may not have had a very long public history, but it's been an impressive one: TRLA has doubled since its first trade. Today, the stock is up more than 22% after posting impressive second quarter results. New highs may be anxiety-inducing for investors who've missed out on a big move up, but they're a lot less anxiety-inducing for current shareholders. That's a big reason why uptrends historically continue moving up -- and why now looks like as good a time as any for investors who aren't risk-averse to think about picking up shares of TRLA. It's got upside potential in August for the same psychological reasons as Facebook. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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