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$PLTR - Stage 2 Breakout

PLTR made a Stage 2A breakout this week on more than 2x the average weekly volume, which is one of the key criteria that we look for in the Stage Analysis method in order to differentiate between the high quality and low quality breakouts. The other key criteria are, Relative Strength versus the S&P 500 outperforming, Relative Strength versus the Peer Group outperforming and for the stock to have no near term resistance (six months or more of basing is a good rough guide for this).
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$LULU - Stage 2 Breakout

LULU made a Stage 2 breakout to new highs. You could make the case that it already moved into Stage 2 on the 23rd July. But there wasn't any volume uptick then and it only just committed above the top of the range, and so it lacked conviction at that point. Whereas this weeks breakout was on much more than 2x the average weekly volume requirement that we look for in the Stage Analysis method and came following a Power Earnings Gap (PEG) on Thursday to new highs after better than expected earnings results on Wednesday after the close.
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