Definition
When price moves through a support or resistance level that had been holding it back.
The story
If a stock has been stuck under $50 for months and finally closes at $53, coverage might call it a breakout. Whether it holds is another story; plenty of breakouts fade right back.
Why you'll see it
Reports use it when a market clears a level it had stalled at.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms