Top Breakout Stocks to Watch Before Monday: Key Setups and Simple Strategies
Discover the top breakout stocks to watch this week, including AMD, Google, BBAI, COIN, NVDA, SOFI, and TSLA. Learn key patterns and simple trading tips.
Investors are always searching for the next big move in the stock market. This week, several well-known tech and growth stocks are showing signs of a possible breakout. A breakout happens when a stock price moves above a key level, often leading to a strong upward trend. Here’s a simple guide to the top stocks to watch and what patterns to look for.
AMD (Advanced Micro Devices):
AMD is showing a strong setup. The last big move happened when the price broke above$119, leading to a 22% gain. Now, the key level to watch is around$148. If the price goes above this, it could signal another rally. This is called a “resistance zone,” which is a price area where the stock has struggled to go higher in the past. If it breaks through, many traders expect more gains.
Google (Alphabet):
Google’s chart also shows a classic breakout pattern. The price has hit the same high three times, which is a sign of resistance. If Google moves a dollar or two above this level, especially with higher trading volume (meaning more shares are being bought and sold), it could start a new upward trend.
BBAI (BigBear.ai):
BBAI recently had a breakout and then pulled back, which is normal. This pullback is often called a “second chance” for buyers. If the price starts to rise again after this pause, it could be a good time to watch for another move up.
Coinbase (COIN):
Coinbase has benefited from the recent strength in cryptocurrencies. The key level to watch is around$390. If the price goes above this, it could continue to rise. Coinbase is a major platform for trading digital currencies, so its stock often moves with the crypto market.
Hims & Hers Health (HIMS):
HIMS has struggled to recover after a drop and has not been able to move above its 50-day moving average. The 50-day moving average is a line on the chart that shows the average price over the last 50 days. If a stock stays below this line, it often means the trend is weak.
Intel (INTC):
Intel has broken above its recent highs, which is a positive sign. The next level to watch is around$24. If it stays above this, the stock could continue to perform well.
Nvidia (NVDA):
Nvidia is at all-time highs. Stocks at all-time highs often keep going higher, but it’s important to manage risk. Pullbacks can happen, but the overall trend is strong.
Oracle (ORCL):
Oracle moved up after closing above$166. Now, the next important level is$240. If the price breaks above this, it could attract more buyers.
Palantir (PLTR):
Palantir is above its resistance, but the next key level is$145. If it moves above this, it could see more gains. In the short term, the market cares more about momentum (how fast the price is moving) than about company earnings.
Plug Power (PLUG):
Plug Power’s business model is debated, but the chart shows a positive shift. If the price bounces off its 150-day moving average, it could be a sign of strength.
Rocket Lab (RKLB):
Rocket Lab has had two strong breakouts. The pattern suggests waiting for the price to move above recent highs before considering a new position.
Sofi (SOFI):
Sofi has shown a bullish pattern, moving from$15.65 to$21. If interest rates drop, the stock could become even more attractive.
Tesla (TSLA):
Tesla is currently weak, trading below key moving averages and with low volume. This means there is little buying interest right now. Sometimes, it’s better to wait for a clear trend before investing.
Key Takeaways:
Breakout trading is about watching for stocks that move above important price levels, called resistance. Volume, or the number of shares traded, is also important. Higher volume often means more interest from big investors. Moving averages, like the 50-day or 150-day, help show the trend. If a stock is above these lines, it’s usually a good sign.
Learning to spot these patterns can help investors make better decisions. For more insights into trading strategies and to learn about the team behind these ideas, visit the Felix PrehnGoat Academy.