Four stocks broke out past buy points and hit new highs Wednesday, though one stumbled later in the day.
Tile Shop Holdings (TTS) got off to a great start, jumping as much as 10% and clearing a 19.11 buy point of a cup base. However, the stock pared almost all of the gain, ending up just 0.33 — or about 2% — at 19.06, just below the entry.
Volume was heavy and the stock’s relative strength line hit a new high on the breakout, bullish indicators marred by the poor price action.