# Another Breakout Stock (And a Quick Warning)

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Hey, Ross here:

Let’s start with another actionable trade idea – followed by a quick warning.

## **Chart of the Day**

![](https://stocksurgedaily.com/wp-content/uploads/2023/04/Screenshot-2023-04-14-at-9.00.38-AM-1024x638.png)

**10x Genomics** (TXG) is a biotech stock showing signs of a potential breakout move higher.

After a nasty Stage 4 decline that saw shares fall 88% from their peak, TXG has carved out a bottom and is attempting a new Stage 2 uptrend as seen in the weekly chart above.

A closer look at the daily chart highlights the recent action:

![](https://stocksurgedaily.com/wp-content/uploads/2023/04/Screenshot-2023-04-14-at-9.00.54-AM-1024x641.png)

A long consolidation period with tightening price action formed a base, and the stock broke out on heavy volume on Friday, March 31st.

Like other growth names, the stock has been pulling back, giving traders a second chance at what could be a perfect entry on this stock.

The first breakout of a new Stage 2 uptrend is where the biggest gains are made. So timing this entry well could be a profitable endeavor.

**P.S.** Want me to send you special trade prospects and potential market moves directly to your phone? Text the word **ross** to 74121.

## **Insight of the Day**

**********Don’t let yourself be overly influenced by “Fed speak”******.****

Markets dropped yesterday after recently released minutes from the Fed’s March meeting revealed that it believes that the US will likely fall into a recession later this year.

Guess what? Analysts have been predicting a 2023 US recession since April of last year _(just check out Fortune’s headline from April 2022)_. It’s nothing new.

![](https://stocksurgedaily.com/wp-content/uploads/2023/04/Screenshot-2023-04-14-at-9.03.32-AM-1024x218.png)

If you let yourself be swayed by this kind of talk – you’re going to miss out on the best opportunities, period.

For instance, I just gave a select group of my students a chance to pocket a solid 27% gain in just over two weeks. That’s over 8 times the return of the S&P 500 in the same time period.

I didn’t spot this opportunity by listening to the analysts or the Fed.

I did it by looking for one specific indicator that most people have no clue to even look for…

And **today at 12 p.m. Eastern**, I’m going LIVE to break down exactly what this indicator is – and how you can use it in your own trading. 

I’ll also share 3 stocks this same indicator is telling me to be bullish on right now.

This is going to be a MASSIVE session with thousands of people already registered. So **[please click here to save your seat](https://webinarlogins.com/join-now/)** – or we won’t be able to guarantee you’ll be able to get in the room.

See you soon.

Embrace the surge,

![](https://lh3.googleusercontent.com/u1bkP1uK4S8G0S3HvULgVlf5Oo5Wbrv55mAknbfc5OR6vNHNjP1qlrqX2FKnCLs8y4Q5nWZ9PwfIVqxhz-34fL32yao8wdaoiXCbJJ58EmJQpGN3E4bEH0IN7idHTcKiHWk13J9JVX_wS94ti3GRsm8IvwDHfDXbLDoq3cBuIPLlVZxmB1XRqeqcQ7ou_w)

Ross Givens  
Editor, **_Stock Surge Daily_**