Daily Stock Report

Zebra Technologies Corp. - (ZBRA) - June 30, 2021 

Inventory scanning, tracking and management technology producer Zebra Technologies (ZBRA) continues to climb within the Green Favored Zone of the SIA S&P 500 Index Report, bouncing back from a dip into the yellow zone. Yesterday the shares climbed 28 spots to 75th place and they have moved up 65 places in the last month. 

A major breakout is underway in Zebra Technologies (ZBRA) shares. This week, the shares have blasted through the top of a $450-$520 trading range to a new all-time high on increased volume, indicating renewed investor interest. This breakout completes a bullish Ascending Triangle pattern, signaling the start of a new upleg. 

Measured moves from the triangle suggest potential upside resistance near $590, then $660 with the $600 round number in between. Initial support appears near the $520 breakout point.  

Zebra Technologies (ZBRA) staged a strong, two-pole advance between October and April, but had been consolidating in a higher range in recent weeks. Since successfully retesting $464.50 support last month, the shares have been climbing and recently completed a bullish Double Top breakout to a new all-time high, signaling that their underlying uptrend has resumed. 

Based on a combination of vertical and horizontal counts, next potential upside resistance for ZBRA appears near $577.50, $663.40 and $690.20 on trend. Initial support appears near $492.90 based on a 3-box reversal. 

With its bullish SMAX score increasing to a perfect 10, ZBRA is exhibiting strength across the asset classes. 

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