The Daily Breakout
Thursday, December 29, 2022
Here are today’s top breakouts & breakdowns:
$EEFT: Euronet Worldwide was an outperformer today as it looks to be breaking out. How it reacts as it approaches its 200-day moving average will be noteworthy.
$AGCO: AGCO corp has benefited with the rest of the Industrials sector as it breaks above resistance at $136 ish.
$CB: Insurance names, such as Chubb Limited ($CB) and Aflac ($AFL), have performed well in recent months, as they close today near all-time highs. However, if the insurance ETF $IAK does not absorb the supply zone above, it is unlikely that CB and AFL will maintain their current levels.
$TDW: Tidewater looks to be setting up for its next leg higher as it closed near all time highs.
Bonus Chart:
$CALM: Egg producer Cal-Maine Foods cracked after missing on EPS yesterday. CALM was one of the biggest intraday movers closing down -14.5% on the day.
