This week’s watchlist sorts cleanly into three kinds of trade — and the sorting isn’t by sector or by ticker. It’s by the direction each name was already moving.
Four of the ten set up inside a downward-sloping pattern: three falling wedges (Vertiv, Rocket, Wynn) and a downtrend channel (PepsiCo). These are the counter-trend names — beaten down, coiled, trying to turn. A breakout here is a bet that the selling is finished.
Three are the opposite. Gilead and ONEOK are riding established uptrend channels, and Sirius XM is in a flag — the textbook continuation pattern that forms after a sharp move up. These aren’t turns; they’re trend riders looking to extend.
The last three — TG Therapeutics, Global Payments, and General Dynamics — are coiled in symmetrical triangles, neutral consolidations that could resolve either way but are set up here to break higher.
So three characters on one list: four trying to reverse, three trying to continue, three waiting to pick a side. Different bets, same trigger — a daily close above the buy level listed alongside each ticker.
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 | TG Therapeutics, Inc. | NASDAQ: TGTX | $61.18 | $62.00 | Symmetrical Triangle Pattern Breakout |
| 2 | Gilead Sciences, Inc. | NASDAQ: GILD | $170.68 | $173.20 | Uptrend Channel Breakout |
| 3 | PepsiCo, Inc. | NASDAQ: PEP | $137.34 | $140.00 | Downtrend Channel |
| 4 | Global Payments Inc. | NYSE: GPN | $96.84 | $97.80 | Symmetrical Triangle Pattern Breakout |
| 5 | Vertiv Holdings Co | NYSE: VRT | $232.50 | $247.00 | Falling Wedge Pattern |
| 6 | Sirius XM Holdings Inc. | NASDAQ: SIRI | $29.01 | $29.50 | Flag Pattern Breakout |
| 7 | Rocket Companies, Inc. | NYSE: RKT | $12.80 | $13.00 | Falling Wedge Pattern Breakout |
| 8 | ONEOK, Inc. | NYSE: OKE | $97.07 | $99.50 | Uptrend Channel |
| 9 | Wynn Resorts, Limited | NASDAQ: WYNN | $74.66 | $75.75 | Falling Wedge Pattern Breakout |
| 10 | General Dynamics Corporation | NYSE: GD | $372.59 | $374.20 | 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 TG Therapeutics, Inc. (Nasdaq: TGTX)
Sector: Healthcare • Biotechnology
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 TGTX is if the stock closes above the immediate resistance level of $62.00. This is marked in the chart below as a green color dotted line.
Daily chart – TGTX
TGTX – Symmetrical Triangle Pattern Breakout
#2 Gilead Sciences, Inc. (Nasdaq: GILD)
Sector: Healthcare • Drug Manufacturers – General
Reason: Uptrend Channel Breakout
An uptrend or ascending channel is formed when price advances between two parallel, upward-sloping trend lines. The lower line acts as support, while the upper line acts as resistance. A decisive breakout above the upper rail can signal accelerating bullish momentum and the continuation of the prevailing uptrend.
Buy Level(s): The daily chart shows that the stock has broken above the upper rail of an uptrend channel. However, the ideal buy level for GILD is if the stock records a daily close above the immediate resistance level of $173.20. This is marked in the chart below as a green color dotted line.
Daily chart – GILD
GILD – Uptrend Channel Breakout
#3 PepsiCo, Inc. (Nasdaq: PEP)
Sector: Consumer Staples • Beverages – Non-Alcoholic
Reason: 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 the stock trading within a downtrend channel and approaching the upper rail. The ideal buy level for PEP is if the stock records a daily close above $140.00, which would confirm a bullish breakout from the channel. This is marked in the chart below as a green color dotted line.
Daily chart – PEP
PEP – Downtrend Channel
#4 Global Payments Inc. (NYSE: GPN)
Sector: Industrials • Specialty Business Services
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 GPN is if the stock closes above the immediate resistance level of $97.80. This is marked in the chart below as a green color dotted line.
Daily chart – GPN
GPN – Symmetrical Triangle Pattern Breakout
#5 Vertiv Holdings Co (NYSE: VRT)
Sector: Industrials • Electrical Equipment & Parts
Reason: Falling Wedge Pattern
A falling wedge pattern is formed by joining two downward-sloping, converging trend lines 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 daily chart shows the stock trading within a falling wedge pattern. The ideal buy level for VRT is if the stock records a daily close above the near-term resistance level of $247.00, which would help confirm a bullish breakout. This is marked in the chart below as a green color dotted line.
Daily chart – VRT
VRT – Falling Wedge Pattern
#6 Sirius XM Holdings Inc. (Nasdaq: SIRI)
Sector: Communication Services • Entertainment
Reason: Flag Pattern Breakout
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): Although the stock has currently broken out of the flag pattern, the ideal buy level for SIRI is above the near-term resistance level of $29.50. This is marked in the chart below as a green color dotted line.
Daily chart – SIRI
SIRI – Flag Pattern Breakout
#7 Rocket Companies, Inc. (NYSE: RKT)
Sector: Financials • Mortgage Finance
Reason: Falling Wedge Pattern Breakout
A falling wedge pattern is formed by joining two downward-sloping, converging trend lines 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 $13.00. This is marked in the chart below as a green color dotted line.
Daily chart – RKT
RKT – Falling Wedge Pattern Breakout
#8 ONEOK, Inc. (NYSE: OKE)
Sector: Energy • Oil & Gas Midstream
Reason: Uptrend Channel
An uptrend or ascending channel is formed when price advances between two parallel, upward-sloping trend lines. The lower line acts as support, while the upper line acts as resistance. A decisive breakout above the upper rail can signal accelerating bullish momentum and the continuation of the prevailing uptrend.
Buy Level(s): The daily chart shows the stock trading within an uptrend channel and approaching the upper rail. The ideal buy level for OKE is if the stock records a daily close above $99.50, which would confirm a breakout from the channel. This is marked in the chart below as a green color dotted line.
Daily chart – OKE
OKE – Uptrend Channel
#9 Wynn Resorts, Limited (Nasdaq: WYNN)
Sector: Consumer Discretionary • Resorts & Casinos
Reason: Falling Wedge Pattern Breakout
A falling wedge pattern is formed by joining two downward-sloping, converging trend lines 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 WYNN is above the nearest resistance level of $75.75. This is marked in the chart below as a green color dotted line.
Daily chart – WYNN
WYNN – Falling Wedge Pattern Breakout
#10 General Dynamics Corporation (NYSE: GD)
Sector: Industrials • Aerospace & Defense
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 GD is if the stock closes above the immediate resistance level of $374.20. This is marked in the chart below as a green color dotted line.
Daily chart – GD
GD – Symmetrical Triangle Pattern Breakout
Ten names, three characters. Four counter-trend turns — PepsiCo, Vertiv, Rocket, and Wynn — working out of falling wedges and a downtrend channel, where the bet is that the selling has run its course. Three trend continuations — Gilead, ONEOK, and Sirius XM — riding uptrend channels and a flag, more of the same. And three coiled triangles — TG Therapeutics, Global Payments, and General Dynamics — set to break but not yet committed to a direction.
The bet differs name to name; the confirmation doesn’t. A clean daily close above the buy level listed alongside each ticker — not the intraday tap, not the open, the close. Most of those triggers sit within two or three percent of last close, with Vertiv the clear exception at roughly six percent out; that one needs the wedge to actually resolve before it’s in play.
We’ll watch the table this week and let the names sort themselves out.
Happy Trading!
Tara and Greg