📈 3 Stocks My Bottom Catcher Scan Just Found

AI-generated source summary

The analysis focuses on three stocks identified by a 'bottom catcher scan.' The first stock, Progressive (PGR), is trading around $200, with a target of $225 and a fail bound at $190. The rationale is that revenue is climbing while the stock price has pulled back, showing strength on the daily chart with a gap above at $225, which serves as the first target. A break above this level could lead to a secondary target around $240. The second stock, Autodesk (ADSK), was caught near its bottom at $234. With revenue stair-stepping higher and the stock bouncing, a broader software rally is anticipated. The entry condition is a close above $274.50, with a stop loss around $264. The target is $292. The final stock, Accenture (ACN), has experienced a significant pullback from $415 to $165. Despite the price drop, revenue continues to move higher, currently trading around $189. The analysis suggests two ways to play this: enter around current levels using $175 as a risk level, or wait for a break above $204. If the latter occurs, the target is around $242. The catch with Accenture is multiple smaller resistance levels on the way up, which need to be broken for the bullish thesis to remain valid. The presenter indicates they are watching Accenture most closely.

AI-generated summary based on the source content.