Four Breakout Stocks To Watch on Thursday - Gap (NYSE:GPS)

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The Gap Inc. GPS stock embarked on another leg of the bull rally that took it to a new high of $27.66 today on rising volumes. Technical indicators are supporting the bulls. The stock is still on a strong bull market with 50-day moving average on top over 200-day moving average and MACD is above signal line. Today's high was $27.66, which is resistance for the continuation move on Thursday. If you haven't added GPS to your watchlist, now is the time.

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Verisign, Inc. VRSN continues to show strength as the rise in volume confirms the price uptick. This stock is clearly in an impulsive wave upwards. If you are on board, there is nothing more to do but enjoy the ride.

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Tibco Software Inc.

TIBX

Nice break on strong volume, like the OBV trend, RSI has space to move up more.

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Family Dollar Stores, Inc. FDO had a huge breakout day on heavy volume. The stock hit a high of $67.15, which is now resistance for Thursday's continuation move. If the stock can break through resistance, we should see another strong upside move. FDO will move very quickly, so watch the stock closely tomorrow.

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