5 Critical Technical Breakouts to Watch Now

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TrendAnalyzer analyzing key trends in the market. With a focus on identifying and interpreting market movements, TrendAnalyzer provides insightful updates and actionable insights to help investors understand and capitalize on emerging trends.
 

•  03 Jul 2025
 

HOOD
Robinhood meteoric rise hit a speed bump Thursday as shares pulled back from fresh all-time highs above $94. The stock's impressive rally from its MA200 base of $44.37 has been nothing short of spectacular, but the RSI reading of 73.06 suggests we're entering overbought territory. Volume remains robust at 55.92M versus the 43.36M average, indicating institutional interest persists. The key technical levels to watch are the MA20 at $77.33 for immediate support and the psychological $100 level as the next major resistance.

CRH
CRH achieved a significant technical milestone by crossing above its 200-day moving average at $94.99, a classic bullish signal that often marks the beginning of sustained upward momentum. Trading at $94.94 with an RSI of 60.29, CRH sits in the sweet spot of being neither overbought nor oversold. The convergence of all three moving averages around current levels creates a compelling technical setup. Volume has been lighter than average, which could limit immediate upside, but the 200-day breakout combined with the construction sector favorable backdrop makes this one to monitor closely.

GEO
While shares managed to cross above the 200-day moving average at $25.17, the broader trend remains sideways with significant overhead resistance. The stock's struggle to maintain momentum above key moving averages, combined with its controversial business model creating headline risk, makes this a lower-conviction technical play.

HOPE
Hope Bancorp delivered an impressive technical breakout, crossing above its 200-day moving average at $11.52 with conviction. The RSI reading of 73.78 indicates strong momentum, though it's approaching overbought levels. What's particularly encouraging is the stock's position above both shorter-term moving averages, suggesting the uptrend has legs. However, volume at 445.40K remains below the 820.33K average, which could limit the sustainability of this move. Regional banks face headwinds from interest rate concerns, making this breakout one to watch with cautious optimism.

LC
LendingClub presents a textbook example of what traders should avoid. With the stock firmly in overbought territory and momentum indicators flashing warning signs, this appears to be a momentum fade candidate rather than a continuation play. The technical setup suggests distribution rather than accumulation, making it a potential short candidate for experienced traders.

SBUX
Starbucks continues to grind higher within its established uptrend, trading at $94.44 with solid technical support from all major moving averages. The RSI at 62.21 indicates healthy momentum without being stretched. While volume has been below average, the company's turnaround efforts and technical positioning above key support levels make this a steady, if unspectacular, technical play.