The trend is stocks are moving higher and as the saying goes the trend is your friend. When a stock breaks out from resistance, the initial push is usually strong, then the momentum fades but as long as the stock stays above that last resistance it is one you want to own.
On Friday we saw Ford “F” break resistance and move right to the next level of resistance at $15.42 before stopping. The stock is up in pre-market but not above the next spot.
My top four breakout picks for today are:
1) General Electric (GE): I have been watching this one for a while and have not traded it, but with a move above $20.38 there is only minor resistance to $21.50
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