Here are four stocks in recent bullish consolidations that are at or near a breakout.
/quotes/zigman/233898/quotes/nls/mgm MGM 11.56, +0.02, +0.13% MGM
MGM Resorts International MGM , which has been in a sideways channel in the 9 to 11 1/2 range for six months, is now at the top of that channel, butting up against resistance. A break of this level would lead to a short-term target near 13.
Oaktree Capital Group LLC OAK �is in a bullish pennant off an early December surge of nearly 10% to the 44 area. The stock has been in an orderly up-channel from the 34 3/4 level in June, and the upper channel line points to a short-term target above 46.
Smart Balance Inc. SMBL � has broken out of a multi-month sideways channel with a gain of 60 cents to 13.29 on Tuesday. The stock appears poised to continue the uptrend begun in May at 5.30, with a short-term target of 15.
Sonic Corp. SONC , which has been in a symmetrical triangle consolidation since July, is up against the top of the channel in the 10 1/2 range. A breakout would resume the uptrend from 7 in May, with a short-term target of 11.20.
See charts illustrating the technical patterns of these stocks.
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