Author: Tara Young and Greg Patrick, Trades Of The Day

Plus, our recommended trade with CRDO has hit both price targets for a potential return of up to 45% from entry.

It’s bouncing off the lower rail of a multi-month ascending channel on the daily chart while holding cleanly above a flag breakout level on the weekly — a dual-timeframe technical setup that historically signals the start of a sustained move higher.

Its latest move reflects a powerful confluence of developments — geopolitical, commercial, and operational — that have come together in rapid succession to fundamentally reframe the company’s near-term growth trajectory.

The screen turned defensive this week. After last week’s enterprise software dominance, the breakouts are clustered in healthcare and consumer names instead — four healthcare, three consumer, one software. Seven of the 10 are still inside their patterns. The trade is mostly anticipation.

The fundamental story underneath the chart is just as strong.