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We’ve officially resolved higher.

The uptrend continues and what do you do?

For me personally, I want to ride it up with the best stocks. 

Right now, I see breakouts all over the place…

Truth is – should the market remain strong, traders really won’t need to be very picky, nearly anything can get them in green, if they have the right strategy.

Still, I wouldn’t be I, if I didn’t go a few steps further and dig some data to cherry pick the best ones (so you don’t have to). 

Breakout Opportunities To Keep On The Radar

The first trade idea is CareDX (CDNA).

This is a genomics research and diagnostics firm – in and of itself a great sector to be in.

Here’s what the stock looks like:

I think the chart more or less speaks for itself. 

We just had a very clean break out of a base and to fresh all-time highs, both relative and absolute. 

The stock is also one of the favorites of ARK Invest: it is among the larger holdings in their ARK Genomics ETF. 

The key level here is $56. Above it I see further upside with the next inflection point at $83. 

Zendesk (ZEN) is yet another exciting stock in a good sector – Software Industry.

The company provides a platform for customer relations and by the looks of the chart it must be a good one:

After establishing above long-term resistance at $95 earlier this year, the stock hasn’t really looked back. 

It’s currently coiling very tightly in a continuation pattern at $122-$123 – both relative and absolute all-time highs. 

The risk is very well defined here, so everything above $123 is bullish with the next resistance area at $167. 

FICO is not just your credit score. It’s also a stock. 

Well, it is the stock of that company that generates your credit score.

Fair Isaac Corp has come a long way this year: from losing over 60% by March to now breaking to all-time highs. Which happens to be the reason I love it so much:

Forget about the breakout for a second and look at that consolidation below $440. 

I wish i could say every dip got bought, but in this case the dips weren’t even allowed! Just see that demand!

Now that we’re finally over that $440 – the sky’s the limit. 

As long as we hold here, I’m bullish with a short term target at $605.

Listen, there are plenty of opportunities out there. From now on, you can expect a watchlist on the weekends, absolutely complimentary.

I truly want to help you be successful, and the best way I know of is teaching you how to uncover trade ideas with some of my favorite techniques.

 

Author:
JC Parets

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