BASES AND BREAKOUTS SHOPIFY (SHOP) | SHOP | JBL | RBLX | Breakdown AMZN

 

BASES AND BREAKOUTS SHOPIFY (SHOP) Buy Point: 156.85 | Buy Zone: 156.85 - 164.69 Current Action: E-commerce stock Shopify briefly cleared a cup-base buy point of 156.85, according MarketSurge analysis. The relative strength line also hit fresh heights on the weekly stock chart, an encouraging sign. However, it has now reversed back below the entry. The stock is a formidable all-around performer, with the IBD Composite Rating sitting at 96 out of 99. Fundamental strength is key, with Wall Street expecting earnings to rise 26% in 2026, which is in excess of the 25% growth sought by disciples of The IBD Methodology. The stock also ranks among the top 8% of issues in terms of price performance over the past 12 months. Shopify's platform helps businesses set up, manage and sell products online and in person. It also aids inventory management. JABIL (JBL) Buy Point: 232.84 | Buy Zone: 232.84 - 244.48 Current Action: Contract electronics maker Jabil cleared a cup-base entry of 232.84, IBD MarketSurge analysis shows. The stock also shows strong technical and fundamental strength, and has rallied more than 60% so far this year. It boasts an Accumulation/Distribution Rating of B-, which indicated more buying than selling among funds of late. However, earnings are due before the open Thursday. This makes buying now risky. An approach highlighted by IBD is to use options as a strategy to reduce risk around earnings.  ROBLOX (RBLX) Buy Point: 139.97 | Buy Zone: 139.97 - 146.97 Current Action: The video game stock has formed a new cup-with-handle base. This is a mid-stage pattern. The stock's relative strength line is holding near highs, a positive. The stock ranks among the top 3% of issues in terms of price performance over the past 12 months. However, its EPS Rating of 19 out of 99 is a major weakness. Roblox's Accumulation/Distribution Rating of A reflects heavy recent institutional buying. In total, 55% of shares are held by funds. Noteworthy holders include the lauded Fidelity Contrafund (FCNTX).  BREAKDOWNS AMAZON (AMZN) Current Action: The e-commerce giant flashed a sell signal by tumbling through its 50-day moving average. The move came in high volume, which confirmed the signal. And it is close to triggering the 7% sell rule from a 236.53 entry. It also lost its place on the prestigious IBD Leaderboard list of top stocks. The stock fell as the company's long-awaited trial against the Federal Trade Commission into whether the company duped users into paying for Prime memberships kicked off.