I always get excited whenever I see a “breakout” pattern emerging on a stock.

So you can imagine how I reacted when TWO stocks were showing breakout patterns this week…


What patterns? Which stocks?

Ticker #1: ADI

The Pattern: Descending Triangle

This descending triangle is in the early phases at this time and buyers seem to want to defend the lower support.  But it doesn’t matter how “long” the pattern goes on for, it is still bearish, and any break of the support level should signal that lower prices are soon to come.

Ticker #2: BBY

The Pattern: Sideways Consolidation Channel

Break of support of a sideways channel is always a bearish pattern, as the bulls are failing to buy at key support levels.  If the break of this pivot level and support level happen, I would expect selling momentum to pick up to the downside.

These are bearish signals, and there are ways to play these. That’s what I talk about all the time in Total Alpha, and you can bet these two stocks are currently on my radar for traders to rush in and buy.

The best way to jump on these stocks? Get into Total Alpha and be ready if these stocks make the right moves!

Click HERE to learn more about how to stay on top of these trades with Total Alpha.

Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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