Taboola.com Ltd. (TBLA)
Unless you work in marketing or advertising, TBLA is likely an unfamiliar name to you. But this billion-dollar company is a market leader in online advertising, and its stock has been on a tear since May this year since posting strong first-quarter earnings and integrating generative AI into its core product.
As a matter of fact, its current share price is higher than what it was at the end of July when the market pullback started. And considering TBLA is a tech company, this is even more impressive.
From a price action perspective, this stock has also been solid, with both its 21-day and 50-day moving averages serving as strong support. WIth price action like that, there’s a very good chance that its upward trend will only continue.
Cinemark Holdings, Inc. (CNK)
Cinema chain CNK has been on a roll this year, returning nearly 135% to shareholders. And right now, its stock appears to have broken out to new highs – blowing past the previous resistance level created by its highs in mid-June 2023 and early August 2023 on high volume.
Further supporting this breakout is the fact that its stock moved above its 21-day and 50-day moving averages a few weeks ago. With the breakout just happening at the end of last week, now could be the best time to move in on this stock.
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Uranium Royalty Corp. (UROY)
UROY is a small-cap Canadian-based uranium company. We’ve featured a couple uranium companies on this Monday newsletter before – so this is another one for the list.
As you know, uranium prices are at decade-level highs – and UROY’s price action has been reflective of that. After emerging from a bottom earlier in June, the stock has taken off, with the 21-day moving average serving as strong support since then.
The stock also made a big upward price move on strong volume at the end of last week – breaking past a resistance level formed by its highs in November 2022 and February 2023. And the best time to get in on a breakout is right when it’s beginning.
To your wealth,
Felix @ Ace of Investing