Posted March 25, 2021
By Ray Blanco
BUY ALERT: 3 Undervalued Biotech Stocks
As the Nasdaq roared over the last year, I've done charts and videos on some big-time breakout tech stocks...
Twenty-two of these stocks have doubled.
And five of them have tripled your money (or better).
Just two weeks ago, amid the "tech wreck," I profiled breakout stock Second Sight (EYES)... and it popped more than 50% in eight days!
Sure, tech has taken a turn for the worse recently...
But there are still winners to be had!
Today, I've got two spectacular tech breakouts trading for less than $15 a share... and I highlight the comeback kid of old-school tech titans.
If you're ready to make REAL money in stocks, click on the image below to get started
As always, Ive included the transcript of the video below.
Hey there, it's J-Rod for Rich Retirement TV. And today, were staying the course; I've got three great-looking tech breakout stocks for you.
And I'm going to put this question to bed right now...
Stocks are not dead. Theyre taking a breather after a phenomenal run higher off of a very sharp low thanks to the COVID crash.
But the growth is here to stay.
I can go into all the reasons why the recent pullback in stocks is a temporary thing. But I'll just say this...
I don't care what's going on in the Treasuries market.
I don't care what's going on in the gold market.
I don't care about much else than the areas of the market where I can put my money and get a good return.
Tech stocks are where that's happening right now. The smaller the tech stock, the more phenomenal the return.
And we're seeing these stocks hold up very well compared with the broader market at large. It really doesn't matter whether it's raining outside or if the sun is shining.
Tech stocks are making it easier for us to do things, to do them cheaper and to help us live longer.
As long as companies in that space are doing that and making the world a better place, that's where we want to be. And that's where wealth-building opportunities lie.
Today, Ive got three great breakouts in this space.
Tech Breakout #1: Zedge Inc. (ZDGE)
The first stock on my list is Zedge Inc. (ZDGE), a smartphone customization software company thats doing phenomenal things.
And this is the growth stock of all growth stocks.
The company has 35 million active users going in and doing customization to their phones. And its projected to see revenue grow 7580% in 2021 alone.
The stock is up 145% year to date. And it's up more than 1,400% in the last year. You heard that right 1,400% in the last year.
Take a look at the chart here
This is beautiful, from the lower left to the upper right. Just in the last couple of days here, you see the stock break out above $14.
You've got the upper end of this brief horizontal channel forming between $14 and $9. My price target on this stock is $20.
You take that range from $14$9: $5.
You slap it on top of $14, which gives you roughly $19 to round up to $20.
Thats a 25% upside from where the stock is trading now. And again, I don't think you can get a better-looking stock than this.
Let's take a look at another fantastic-looking growth stock...
Tech Breakout #2: USA Technologies Inc. (USAT)
The next stock on todays watchlist is USA Technologies Inc. (USAT), a tech company that focuses on facilitating digital payments.
I love these kinds of stocks. And we've profiled a couple of other financial tech companies in the last couple of weeks.
This is certainly where the momentum is right now. As people are getting out into the world, they're spending money.
So I want to own the companies that are making those transactions happen more frictionlessly than ever before.
Take a look at the chart here.
The range of the stock is between $11.50 and $9.50.
My price target on the stock in the short term is $13.50. That's the $2.00 range between the $11.50 and $9.50.
Once we get to $13.50, I see the stock breaking out to $15 easily.
And then if this momentum continues to push here, we could see it rise all the way up to $20 a share.
So the upside in the near term could be 10% or 20%. And this isn't a flash in the pan. The stock is up 20% in the last month. It's up 200% in the last year.
If you want to take a look at breakouts here in the longer term, you see the stock broke out of a long-term downtrend that extends from the high in 2018.
Then you see tests of this downtrend line in late 2020.
But again, just look at the last week. The stock puts up 20% and blasts through that $11.50 level and a downtrend line on above-average volume.
That's something that gives you real confidence behind the move higher.
It's only going up not down.
There are more payments to be made and more need for us to facilitate these transactions faster than ever.
Let's take a look at the last stock on my list
Tech Breakout #3: Cisco Systems Inc. (CSCO)
Cisco Systems Inc. (CSCO) is not a small name by any means. Its a big multibillion-dollar company, one of the biggest names in the hardware networking space and facilitating a lot of cloud computing software.
When you take a look at the stock, its trading in this beautiful ascending triangle pattern. If youve followed my videos for a while, you know I love this pattern.
This is where we have a stock that's pushing up against a ceiling and you see that ceiling here for CSCO is $49.
As the stock pulls back from the test here, it's making higher highs as it moves up, which tells you that the momentum is building.
The dips are merely pullbacks, which offer great buying opportunities as the stock approaches this upper boundary.
And when you see enough buyers come in as you get closer to the upper boundary, you see the stock explode, which is exactly what we saw in the last couple of days here.
You see a break here above $49 on above-average volume, which is a beautiful sight to see.
And really you could create a price target using the two values here. You get the upper bound here at $49, and you've got the lower bound here right around $36.
My price target on the stock is the range between those two, putting it roughly at $85.
That's a 75% upside from where the stock is trading now.
This is another momentum stock, pushing higher stocks up 11% versus a 2% rise in the Nasdaq over the same period of time.
You got a lot of layers of support here to send the stock higher.
And if you watched my video last week, CSCO is also a dividend payer in the tech space, which is rare.
Its dividend yield is 3%, which is still well above what you can capture on the 10-year Treasury or in a bank account, which is basically zip.
Thats another reason why we really want to stay in stocks there really is no alternative.
And if you want to look at the best stocks to be in right now, tech stocks are the way to go.
And these breakouts are the best way to get into stocks because you have that level of support in the technical analysis.
It gives you that level of safety and momentum, pushing the stock higher. So theres a lot to love here in these three stocks.
Thank you so much for watching today's video. Again, Im J-Rod here for Rich Retirement TV.
And Ill see you next week!