Top Stocks Breaking Resistance Levels

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•  14 Jan 2025
 

When stocks break resistance, they often signal a shift in market sentiment. These price levels are crucial because they represent areas where sellers have previously controlled the stock. A breakout above resistance indicates that buyers have taken control, which can drive the stock higher.

$ACMR ACM Research has been performing exceptionally well, with its current price at $17.86, surpassing the new resistance of $17.90. This is a significant move above the old resistance of $17.41. ACM’s positive earnings outlook has helped push it through this critical resistance level, and with volume outpacing average levels, investors are showing strong confidence in this stock, suggesting it could continue its upward trajectory.

$APLD Applied Digital has been another standout, currently trading at $8.54 and breaking past its previous resistance at $8.45. The stock is now approaching a new resistance level of $10.01. After a massive jump following news of Macquarie’s $5 billion investment, the stock surged on extraordinary volume, indicating strong investor interest, particularly in its AI and data center growth prospects.

$AR Antero Resources, a natural gas company, is currently priced at $38.59, having surpassed its old resistance level of $38.32. The stock has made significant progress, supported by strong volume, signaling that it’s primed for further gains as momentum builds.

$BBIO BridgeBio Pharma has also seen impressive movement. The stock, which is now trading at $35.60, has broken through its resistance of $29.08, marking a substantial rally. The surge in both price and volume suggests that the stock could continue to trend upward, with investors showing growing confidence in its potential.

$CMPX Compx International has broken through its resistance at $1.78, now trading at $2.00. This movement is backed by a solid uptick in volume and investor confidence, signaling that the stock is poised for further upward momentum.

Timing is everything. The optimal strategy is to enter on a pullback after the initial surge, ideally when the stock trades near or just above the previous resistance level, which now acts as support. It’s essential to watch the volume trends—sustained higher-than-average volume after a breakout is a strong confirmation that the move has momentum.