The column provides daily updates on US stocks that have shown breakout signals in technical charts, or stocks that have broken out and then retraced to important moving averages, in order to help readers swiftly capture trading opportunities.

05/09/2024 Updates

In this article, we use the same basic stock selection criteria as the "Breakout Stocks Tracker" weekly column. The slight difference is that we will be filtering out stocks that have recently shown a "breakout" signal and have now retraced back to a key moving average (we are using the MA50/MA20) as an entry point.

In our "Breakout Stocks Tracker" selection strategy, "Relative Price Strength (RPS)" is the most crucial indicator. Even during a stock price retracement, we still have certain requirements for RPS (not lower than 80). Simply put, the RPS value ranges from 0 to 100. The higher the RPS, the stronger the stock's performance.

It is important to emphasize that although such entry points may appear "safer," they do not eliminate the risk of stock prices continuing to decline and breaking through the key moving average. Therefore, readers still need to carefully study the market, industry, and fundamentals (as we have mentioned in our weekly column), and combine it with their own trading style to decide whether to make a trade.

Previous Articles
Breakthrough And Pullback | 2 Stocks to Watch Today: ALKT And LGND  —— 4/09/2024
Breakthrough And Pullback | 2 Stocks to Watch Today: NU And CRBP —— 3/09/2024
Breakthrough And Pullback | 3 Small-Cap Stocks Showing Mid-Term Reversal Worth Watching: BOX, STGW And ESQ —— 2/09/2024

Today's Stock List 

Ranked by Market Capitalization 

Jackson Financial Inc. Class A Common Stock(JXN.US) :

• Pullback
• RPS50/120/250: 82.336, 92.674, 96.121
• Stock Price($): 84.45
• Market Value($): 6.354 billion
• Industry: Financial Services
• Company Information: Jackson Financial Inc. is a financial services company that specializes in the insurance and investment sectors. It offers a range of products and services designed to help clients with their financial planning and protection needs.

ALKAMI TECHNOLOGY, INC.(ALKT.US) (also included in yesterday's stock list):

• Pullback
• RPS50/120/250: 89.602, 91.217, 93.304
• Stock Price($): 31.49
• Market Value($): 3.17 billion
• Industry: Financial Technology
• Company Information: Alkami Technology, Inc. provides digital banking solutions for banks and credit unions in the United States. The company offers a cloud-based, API-first digital banking platform that enables users to manage their finances through various channels, including mobile, tablet, and desktop devices.

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Note: This content was generated by Sahm content team's quant analysis model and reviewed by our editors. The stock selection in this article is based primarily on market data and quantitative calculations, without including any subjective opinions.

Disclaimer: The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.