From the desk of Steve Strazza @Sstrazza
It’s been a while since we had two long ideas from The Hot List in a single week.
But with markets in rally mode for the past month, we’ve had some strong stocks pop up on our scan.
While new highs are hard to trust in this tape, any names setting up for breakouts are stocks we want on our radar.
If they’re unable to make a decisive upside resolution now, they’ll probably be some of the first stocks to do so when the selling pressure finally eases.
We talked about one name we can put in this category earlier in the week, which you can read here. Today, we have another one.
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