Top Stocks Breaking Resistance Levels

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  13 Jan 2025
 

Stocks breaking resistance levels have strong potential, but it’s essential to time your entries carefully. Keep an eye on key price levels, watch for volume confirmation, and stay informed of any market-moving news to optimize your investment decisions.

$ARAY Accuray has made a strong move after announcing the approval of its Radixact® SynC™ and CyberKnife® S7™ systems by the China National Medical Products Administration. This break above its previous resistance of $2.19 highlights increased momentum. With Accuray expanding its portfolio, especially in China, this stock could continue to gain traction, especially if it holds above the $2.24 level.

Keep an eye on Accuray's ability to hold above $2.24. A breakout above this level could signal a more significant upside, especially if volume continues to increase. Timing an entry here could yield favorable returns as the stock gains from its expanded international presence.

$ARDX Ardelyx surged today after announcing impressive sales figures for its Ibsrela product, driving its stock to break resistance at $5.69 and push towards $6.24. With this positive update on commercial progress, the stock has room for further growth, especially as it gains traction in the gastrointestinal space.

A strong continuation above $6.24 will signal bullish momentum for Ardelyx, making it an attractive play for those looking to enter at a higher resistance level. Watch for volume spikes and any additional product updates that could further accelerate the move.

$BRKR Bruker Corporation price action shows a strong break above $61.45, with new resistance forming at $67.82. This increase follows strong momentum, and the company’s position in the scientific instrument space continues to support its growth. The stock’s movement suggests investor confidence, particularly as it pushes past technical barriers.

For traders, this break signals a potential buying opportunity as the stock shows solid support around $61.45. A move above $67.82 would confirm bullish sentiment, suggesting an entry point near the breakout for those looking to capitalize on the next move higher.

$ITCI Intra-Cellular Therapies surging after Johnson & Johnson’s $14.6 billion acquisition offer, pushing the stock to break a key resistance at $91.57, with the new resistance now at $127.19. This catalyst has driven heavy volume and could potentially signal a longer-term upward trend.

Investors might consider entering around $127.19 if the stock remains above this level. Given the acquisition premium, this is a great opportunity for those looking to gain from the upside momentum. Keep an eye on volume and news surrounding the deal to time your entry.

$VLO Valero Energy has broken through its old resistance at $132.40 and is pushing towards $136.28. Given the broader energy sector’s positive momentum, Valero’s strong financial position and increasing demand for refined products place it in a favorable position for further gains.

Watch for Valero to maintain its position above $132.40 as the new base level. An entry near the breakout at $136.28 could offer potential gains, especially if energy prices remain strong. Timing the entry could be crucial for capturing further upside.