NEW YORK (TheStreet) -- Here are three stocks to watch for continued upside after recent breakouts.
Must Read: 10 Stocks Carl Icahn Loves in 2014
The move broke the stock out of a two-month falling channel. Next lateral resistance is at around $37, followed by the September high at around $40. If the stock breaks above that level, then it's on its way up to an important move, as the major base pattern over the last several months will have been broken.
FormFactor (FORM) is acting great, along with many other semiconductor stocks. The stock was up 96 cents, or 12%, to $8.90 on 2 million shares on Wednesday; it's up another 0.9% on Thursday as of 12:30 p.m.
The long-term pattern shows that FormFactor's stock is in a two-year up-channel and nearing key lateral resistance. That big level of resistance is at around $10.40 or $10.50, which is my next target.
Integrated Device Technology (IDTI) had a good day on Wednesday, up $1.11, or 6.7%, to $17.62.
Integrated Device's stock had recently broken out and formed a beautiful wedge on receding volume, before popping yesterday. It closed at the upper end of the range, across resistance, and I'm expecting a test of at least $18.50 or $19 short-term, and then maybe the $22 zone.