AZZ Incorporated (AZZ) reported better then expected earnings on January 4. This boost in earnings pushed the stock price through symmetrical triangle resistance. Usually, with a symmetrical triangle break there is a retrace back to resistance turned support. With that in mind, I would wait for a pullback before going long. The measured move from the breakout indicates AZZ will climb above 42.50.



Covidien Ltd (COV) has seen major resistance at 45 ever since its IPO in June 2007. If COV can break and hold above 45, it could be a great long due to resistance becoming support.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.