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Four Stocks Ready for Breakouts

Perrigo Company plc (PRGO) is consolidating in a bullish flag after a big gap up on Aug 8th from 64 to 75 area. A move above the top of the flag would lead to new momentum.

Teradyne, Inc. (TER) which is nearing the top of its four-week consolidation could see higher prices on a break fo 35.00 with next targets at 37.00.

T-Mobile US, Inc. (TMUS) – has been in an two-month up channel and is approaching important resistance. The stock recently formed triangle pattern, with higher lows narrowing toward 64.5 area. A move above that would signal a breakout.

XPO Logistics, Inc. (XPO) broke above the resistance of the bearish channel thus confirming new momentum which has potential to send prices toward 60-62 area within the next few trading days.

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Author of Member of the Market Technicians Association.