Four of the 10 names on this week’s watchlist have direct energy or nuclear exposure — and two of them, NuScale Power and Eagle Nuclear Energy, are pure nuclear plays sitting on the same screen in the same week.
That’s not a coincidence. It’s a signal worth paying attention to.
The broader energy story here runs from midstream gas (Williams) to oilfield water infrastructure (WaterBridge) to uranium (Eagle Nuclear) to small modular reactors (NuScale). Different ends of the energy complex, same direction. The screen is telling us something about where the setups are forming right now.
The other six names span healthcare, financials, technology, and consumer cyclical — so this isn’t a pure sector-concentration list the way a few recent weeks have been. But the energy thread is hard to ignore when it accounts for four of the 10 names, including two nuclear tickers on the same watchlist.
Here are the 10 stocks we’re watching this week, in no particular order.
| Sl # | Name of the Stock | Stock Ticker | Last Close | Buy Level(s) | Reason |
|---|---|---|---|---|---|
| 1 | Williams Cos Inc. | NYSE: WMB | $73.12 | $73.70 | Symmetrical Triangle Pattern Breakout |
| 2 | QuantumScape Corp. | NASDAQ: QS | $8.04 | $8.60 | Falling Wedge Pattern |
| 3 | Butterfly Network Inc. | NYSE: BFLY | $8.90 | $9.00 | Uptrend Channel Breakout |
| 4 | Moderna Inc. | NASDAQ: MRNA | $63.96 | $64.80 | Breakout From Consolidation Area |
| 5 | Rocket Companies Inc. | NYSE: RKT | $14.42 | $14.50 | Falling Wedge Pattern Breakout |
| 6 | WaterBridge Infrastructure LLC | NYSE: WBI | $33.19 | $33.50 | Uptrend Channel |
| 7 | SoFi Technologies Inc. | NASDAQ: SOFI | $17.91 | $18.70 | Downtrend Channel |
| 8 | Corning Inc. | NYSE: GLW | $194.92 | $198.10 | Flag Pattern |
| 9 | NuScale Power Corp. | NYSE: SMR | $11.74 | $12.60 | Falling Wedge Pattern Breakout |
| 10 | Eagle Nuclear Energy Corp. | NASDAQ: NUCL | $11.25 | $12.20 | Symmetrical Triangle Pattern Breakout |
If needed, swipe or scroll sideways to view the full table.
Important: Typically, these trades offer a risk: reward ratio of 1:2 or 1:3 in the next 6 months, which implies 2x to 3x rewards when compared to risks. So, be sure to set your stop-loss levels and target prices accordingly to manage your risk. In addition, these trade ideas are triggered using daily closing prices, not intra-day pricing. So, if you participate in these trades, make sure that you only buy the stock once its daily close is above the recommended price level.
That said, here are the top 10 stocks to watch for a breakout, in no particular order.
#1 Williams Cos Inc. (NYSE: WMB)
Sector: Energy • Oil & Gas Midstream
Reason: Symmetrical Triangle Pattern Breakout
A symmetrical triangle is a chart pattern formed by two converging trend lines connecting a series of sequential peaks and troughs. These two lines result in the formation of a triangle that appears to be symmetrical.
A symmetrical triangle pattern is usually formed when there is indecision in the price movements and there is uncertainty among the buyers and sellers. This chart pattern represents a period of consolidation before the price breaks out or breaks down. In case a breakout occurs from the upper trend line, it is a strong bullish indication as it signifies the start of a new bullish trend.
Buy Level(s): The stock has currently broken out of a symmetrical triangle pattern. However, the ideal buy level for WMB is if the stock closes above the immediate resistance level of $73.70. This is marked in the chart below as a green color dotted line.
Daily chart – WMB
WMB – Symmetrical Triangle Pattern Breakout
#2 QuantumScape Corp. (NASDAQ: QS)
Sector: Consumer Cyclical • Auto Parts
Reason: Formation of a Falling Wedge Pattern
A falling wedge pattern is formed by joining two downward-sloping, converging trendlines having a contracting range. The pattern appears to be wide at the top and continues to contract as prices fall. A breakout from a falling wedge pattern can indicate either reversal or continuation depending on where the pattern appeared in the trend.
A stock that has broken out of a falling wedge pattern would have gained momentum and would have the potential to move higher.
Buy Level(s): The ideal buy level for QS is if the stock breaks out of the falling wedge pattern, at a price of around $8.60. This is marked in the chart below as a green color dotted line.
Daily chart – QS
QS – Falling Wedge Pattern
#3 Butterfly Network Inc. (NYSE: BFLY)
Sector: Healthcare • Medical Devices
Reason: Breakout From an Uptrend Channel
An uptrend channel or an ascending channel is the price action contained between upward sloping parallel lines. It is formed by a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. A stock usually trades between the two rails of the uptrend channel before finally breaking out from the upper rail.
Buy Level(s): The stock has currently broken out of the uptrend channel. However, the ideal buy level for BFLY is if the stock has a daily close above the near-term resistance level of $9.00. This is marked in the chart below as a green color dotted line.
Daily chart – BFLY
BFLY – Uptrend Channel Breakout
#4 Moderna Inc. (NASDAQ: MRNA)
Sector: Healthcare • Biotechnology
Reason: Breakout From a Consolidation Area in the Daily Chart
A Consolidation Area is a price action contained between two parallel lines. It is formed by a lower line that connects the lows, and an upper line that joins the highs. A stock usually trades between the two lines of the consolidation area before finally breaking out from the upper rail.
Buy Level(s): Although the stock has currently broken out of a consolidation area, the ideal buy level for MRNA is above the near-term resistance area, which translates to a price of around $64.80. This is marked in the chart below as a green color dotted line.
Daily chart – MRNA
MRNA – Breakout From Consolidation Area
#5 Rocket Companies Inc. (NYSE: RKT)
Sector: Financial • Mortgage Finance
Reason: Falling Wedge Pattern Breakout
A falling wedge pattern is formed by joining two downward-sloping, converging trendlines having a contracting range. The pattern appears to be wide at the top and continues to contract as prices fall. A breakout from a falling wedge pattern can indicate either reversal or continuation depending on where the pattern appeared in the trend.
A stock that has broken out of a falling wedge pattern would have gained momentum and would have the potential to move higher.
Buy Level(s): The stock has currently broken out of a falling wedge pattern. However, the ideal buy level for RKT is above the nearest resistance level of $14.50. This is marked in the chart below as a green color dotted line.
Daily chart – RKT
RKT – Falling Wedge Pattern Breakout
#6 WaterBridge Infrastructure LLC (NYSE: WBI)
Sector: Energy • Oil & Gas Equipment & Services
Reason: Formation of an Uptrend Channel
An uptrend channel or an ascending channel is the price action contained between upward sloping parallel lines. It is formed by a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. A stock usually trades between the two rails of the uptrend channel before finally breaking out from the upper rail.
Buy Level(s): The ideal buy level for WBI is if the stock breaks out of the uptrend channel and has a daily close above $33.50. This is marked in the chart below as a green color dotted line.
Daily chart – WBI
WBI – Uptrend Channel
#7 SoFi Technologies Inc. (NASDAQ: SOFI)
Sector: Financial • Credit Services
Reason: Formation of a Downtrend Channel
A downtrend or descending channel is the price action contained between downward sloping parallel lines. It is formed by two lines that are drawn by connecting the lower highs and lower lows of a stock’s price. Even though this is typically a bearish pattern, a breakout from the upper rail of this pattern is considered a good bullish indication.
Buy Level(s): The daily chart shows that the stock is currently forming a downtrend channel. The ideal buy level for SOFI is if the stock breaks out of the downtrend channel and has a daily close above $18.70. This is marked in the chart below as a green color dotted line.
Daily chart – SOFI
SOFI – Downtrend Channel
#8 Corning Inc. (NYSE: GLW)
Sector: Technology • Electronic Components
Reason: Formation of a Flag Pattern
A flag pattern is a short-term continuation pattern that marks a small consolidation before the previous move resumes. The pattern is formed when the market consolidates in a narrow range after a sharp move. For a stock in an uptrend, a breakout from this pattern is typically a strong bullish indication.
Buy Level(s): The ideal buy level for GLW is if the stock breaks out of the flag pattern, at around $198.10. This is marked in the chart below as a green color dotted line.
Daily chart – GLW
GLW – Flag Pattern
#9 NuScale Power Corp. (NYSE: SMR)
Sector: Industrials • Specialty Industrial Machinery
Reason: Falling Wedge Pattern Breakout
A falling wedge pattern is formed by joining two downward-sloping, converging trendlines having a contracting range. The pattern appears to be wide at the top and continues to contract as prices fall. A breakout from a falling wedge pattern can indicate either reversal or continuation depending on where the pattern appeared in the trend.
A stock that has broken out of a falling wedge pattern would have gained momentum and would have the potential to move higher.
Buy Level(s): The stock has currently broken out of a falling wedge pattern. However, the ideal buy level for SMR is above the nearest resistance level of $12.60. This is marked in the chart below as a green color dotted line.
Daily chart – SMR
SMR – Falling Wedge Pattern Breakout
#10 Eagle Nuclear Energy Corp. (NASDAQ: NUCL)
Sector: Energy • Uranium
Reason: Symmetrical Triangle Pattern Breakout
A symmetrical triangle is a chart pattern formed by two converging trend lines connecting a series of sequential peaks and troughs. These two lines result in the formation of a triangle that appears to be symmetrical.
A symmetrical triangle pattern is usually formed when there is indecision in the price movements and there is uncertainty among the buyers and sellers. This chart pattern represents a period of consolidation before the price breaks out or breaks down. In case a breakout occurs from the upper trend line, it is a strong bullish indication as it signifies the start of a new bullish trend.
Buy Level(s): The stock has currently broken out of a symmetrical triangle pattern. However, the ideal buy level for NUCL is if the stock closes above the immediate resistance level of $12.20. This is marked in the chart below as a green color dotted line.
Daily chart – NUCL
NUCL – Symmetrical Triangle Pattern Breakout
Ten names, one unmistakable thread. Four of them — Williams, WaterBridge, NuScale, and Eagle Nuclear — sit somewhere in the energy and nuclear complex. Two of those four are straight nuclear plays: SMR and NUCL on the same watchlist in the same week is not something we see often, and it’s worth noting as you build your watch priorities for the week.
Six of the 10 have already broken out of their primary patterns. The remaining four — QuantumScape, WaterBridge, SoFi, and Corning — are still inside, waiting for the trigger. In both cases, the standard applies: a clean daily close above the buy level listed alongside the ticker. Not the intraday move. The close.
We’ll watch the table this week and let the names sort themselves out.
Happy Trading!
Tara and Greg