Rapid7 (RPD)
Hey there,
Today’s Chart of the Week comes to you from our 2 to 100 club.
We create a universe of stocks pulled from the strongest growth industries, that are climbing the market-cap ladder from small, to mid, to large — and ultimately reaching mega-cap status (over $200B).
We then filter that list by those names that are closest to 52-week highs, helping us identify technical breakouts in some of these top-performing stocks.
And today, one chart in particular has our attention: Rapid7 (RPD).
This stock comes from one of the hottest sectors around, the HACK cyber security index.
Out of all of those, RPD stands out because it’s breaking out of a gorgeous year long base.
I love it on an absolute basis as well as a relative basis, and especially being in the right industry group.
We are LONG above $67 with a target of $87, giving us 20 points profit.
Til next week, good trading,
JC Parets
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