Stocks breaking out include Neoleukin Therapeutics and XPEL [MarketWatch]
Neoleukin Therapeutics, Inc. (NLTX)
Company Research
Source: MarketWatch
Opinion: Stocks breaking out include Neoleukin Therapeutics and XPEL Here are three stocks that have broken above resistance and may rise higher. Neoleukin Therapeutics Inc. NLTX, -0.88% edged up 27 cents to $11.38 on average volume of 555,100 shares traded Wednesday. The move, on no news from the biopharmaceutical company, extended the stock’s rally to five days in a row. The rally has seen the stock bounce off support and break above its declining tops line and lateral resistance. Watch for a retest of the spike high from Dec. 23 at $13.43. Sea Ltd. SE, +0.88% jumped $3.05 to $44.36 on 10.4 million shares traded Wednesday, about 2 1/2 times its average volume. Goldman Sachs initiated coverage of the Singapore-based digital entertainment and services company with a “conviction buy” rating. The move popped the stock out of a gradually ascending channel it’s been in since its gap up in November. Watch for $47 next, followed by $52. XPEL Inc. XPEL, +4.28% climbed 96 cents
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