Breakout anticipation setups for swing traders

Market is starting with a gap down. The DJ30 and S&P were in downtrend for last one week, so this was not a big surprise. Market has been anticipating govt shutdown for some days.

The more interesting thing is the quality of underlying setups. As you would see in the list below lot more stocks are in orderly pullback or consolidation mode than stock breaking down. Stocks are holding up their gain and selling has been muted. The breadth picture supports bullish case so far. Only high volume selling for multiple session can change that picture.

Stock likely to breakout soon

RRGB
GTLS
ITMN
GBCI
ABG
RPRX
AMED
RPXC
IGTE
ABFS
AMCC
ETFC
ALGN
ANAC
FSS
BCRX
BPI
DPZ
RNDY
KTOS
BHE
CAMP
BDBD
MTOR
AFFX
CHTP
SVA
THRX
IRBT
ASTX
AMD
OSIR
DGIT
FDML
UEPS
AXL
MTDR
SID
ICON
SYRG
TQNT
NXPI
LEA
INFN
CTRN
NTES
GME
CSOD
SWM
HBI

You can see these stocks on Finviz.

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