The Traderszone Network

Published in TZ Latest News 1 May, 2014 by The TZ Newswire Staff

As More Profit Reports Emerge, Some Stocks Break Out

A batch of stocks broke out of bases on Thursday, often because of positive earnings reports. Iconix Brand Group (ICON) cleared the 42.57 buy point of a cup-without-handle base. But the apparel company, which beat first-quarter expectations, closed down 0.02 to 42.48. Meanwhile, at least five stocks broke out of flat bases. Manitowoc (MTW) broke out ahead of its earnings report after the close.

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