5 Stocks Challenging Key Resistance Levels

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•  20 Mar 2025
 

Several stocks are making bold moves, pushing through major Fibonacci retracement resistance levels—often a sign of accelerating bullish momentum. Let’s break down the action:

1️⃣ $NVS – Novartis AG
Currently trading at $113.21, up +1.48%, $NVS has cleared the 61.8% retracement level at $103.95. RSI at 61.27 suggests strengthening momentum, while volume is 2.5x above average, signaling increased buying pressure. This breakout could pave the way for further upside if the stock holds above this key level.

2️⃣ $FRO – Frontline Plc
At $16.88 (+1.56%), $FRO is trading above the 61.8% level at $15.45. RSI at 56.28 shows improving momentum, with a 20% volume increase indicating fresh buying interest. Sustained movement above this resistance may trigger a new uptrend.

3️⃣ $BECN – Beacon Roofing Supply Inc.
$BECN is showing impressive strength, up +1.89% to $123.83, decisively breaking through $108.82 (61.8% level). RSI is elevated at 67.94, nearing overbought territory, while volume has exploded to 24x the average, reflecting intense bullish conviction. This breakout could fuel further gains if buying continues.

4️⃣ $INVH – Invitation Homes Inc.
Trading at $34.04 (+0.56%), $INVH is moving past the 61.8% level at $31.84. With an RSI of 59.92 and volume slightly above average, the stock is showing steady momentum. A clean break above this zone may open the door to higher levels.

5️⃣ $BE – Bloom Energy Corp.
Leading the charge, $BE is up +4.52% to $25.41, well beyond its 61.8% level of $23.99. RSI at 55.98 suggests there’s still room to run, while volume has nearly doubled, confirming strong bullish participation. This breakout could mark the beginning of a larger move.