Our recent breakout scan returned a number of promising stocks for review.
Australia
Orica (ORI) – rising Trend Index indicates buying pressure. Follow-through above 14.50 would complete a double bottom reversal.
Canada
Precision Drilling (PD) – Trend Index trough above zero indicates strong buying pressure.
UK
Metro Bank (MTRO) – not a conventional breakout but rising Trend Index indicates buying pressure.
USA
Marathon Petroleum (MPC) – Trend Index troughs above zero indicate strong buying pressure.
More Breakouts
Spirit of Texas Bancshares (STXB) – shallow trough is a bullish sign. Trend Index holding above zero indicates strong buying pressure. Breakout above 25.00 would signal a fresh advance.
CURO Group Holdings (CURO) – Trend Index trough above zero indicates strong buying pressure.
Curtiss-Wright (CW) – Trend Index trough above zero indicates strong buying pressure.
Acuity Brands (AYI) – Trend Index troughs above zero indicate strong buying pressure. Follow-through above 200 is bullish.
Apollo Gloabl Management (APO) – Trend Index trough above zero indicates strong buying pressure.
Williams Companies (WMB) – Trend Index trough above zero indicates strong buying pressure.
Home Bancorp (HBCP) – shallow trough is a bullish sign. Trend Index trough above zero indicates strong buying pressure.
APA Corp (APA) – Breakout above 24.00.
Occidental Petroleum (OXY) – Breakout above 33.00.
Shallow corrections and Trend Index troughs above zero indicate healthy buying pressure.
A word of caution: the above stocks are selected on the basis of technical analysis and do not consider fundamentals like sales, earnings, debt, etc.
Please do your own research. They are not a recommendation to buy or sell.