There are many different types of breakouts and many ways to enter them. Today, we give the example of TJX Companies (TJX), the discount retailer with brand names such as TJ Maxx, and Marshals. The stock has recently broke out thanks to earnings but there is more to this breakout than meets the eye.
The Nasdaq Composite closed above 20,000 for the first time ever as market participants expect the Federal Reserve to issue another interest rate cut next week following November's consumer inflation report. The tech-heavy index rode 1.8%, while the S&P 500 Index added over 0.8%. Meanwhile, the Dow Jones Industrial Average fell nearly 100 points.
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