By Doug Busch
Some of our earlier stock ideas are starting to set up again, offering fresh bullish opportunities for investors willing to take a second look.
These names are flourishing after recent breakouts, reclaiming key moving averages and retesting former strong breakout levels. Three of these are the focus of this week's column:
-- Yeti Holdings, covered by Ian Salisbury in February. -- Paramount Skydance, the topic of an Andrew Bary thesis in August. -- Carrier Global, introduced by Jacob Sonenshine in March.
This is a weekly column. Read last week's edition here.
Yeti Holdings
Yeti Holdings, a once best-of-breed consumer discretionary name, is making a credible attempt to reclaim that status. The stock is flat over the past year but has come alive recently, rallying 20% in the last month and posting a five-week winning streak on above-average volume. Before this run, Yeti had not logged consecutive weekly advances at any point in 2025.
On the longer-term weekly chart, the key development is its reclaiming of the 200-week simple moving average for the first time in more than three years. That move came during the final week of November, when the stock jumped 7%. It followed through last week with a 4.5% gain. This rally also showed relative strength, as the stock tripled the advance of the Consumer Discretionary Select Sector SPDR Fund over the same period. Yeti also carved out a durable double bottom just below the $30 level, matching the troughs from April and May.
The ratio chart versus the ETF benchmark now shows a bullish falling-wedge pattern, reinforcing the improving relative strength backdrop. A breakout above the ascending triangle pivot at $40 should propel the stock toward $54 by the second quarter of 2026, representing an upside of 24% from current levels. Remain bullish above $40.50.
Yeti closed at $45.24 Wednesday.
Paramount Skydance, now in a bidding war with Netflix over Warner Bros. Discovery, is up 40% year to date. Its recent 30% pullback from 52-week highs set in late September offers a more attractive risk/reward setup as it attempts to stabilize.
The stock staged a massive rally earlier this year, doubling in just eight weeks between August and October. It has since cooled, falling in six of the last nine weeks, including a harsh 17% drop last week. Encouragingly, it had already recouped roughly half of that decline heading into Wednesday's session. Round number theory has been on display, with a strong bounce off the $10 level on Aug. 12 that completed a bullish morning-star pattern. On the upside, the $20 area proved stubborn resistance, marked by a bearish engulfing candle on Sept. 23 and a shooting star on Sept. 30.
The recent retreat toward its 200-day simple moving average last Friday is helping shape a potential double-bottom base. Traders can initiate a position here and add above the $17.26 pivot. A move toward $24 by mid 2026 looks achievable, which would represent a gain of roughly 64% from current levels. Remain bullish above $13.
Paramount Skydance closed at $14.72 Wednesday.
Carrier Global, an industrial name spun off from United Technologies in 2020, has clearly been a laggard this year, down 22% year to date. The weakness isn't new, as the ratio chart versus the Industrial Select Sector SPDR Fund has trended lower since late 2024. Since early August, the stock has managed to advance on a weekly basis only six times, underscoring persistent relative underperformance.
On the weekly chart however, the stock has pulled back to the very round $50 level, where it printed bullish candlesticks, a hammer and a bullish engulfing pattern during the final two weeks of November. That area represented a successful retest of the cup-with-handle breakout pivot at $49.27 from mid 2023. If the recent lows continue to hold, the stock will begin to carve out a potential double bottom base. A doji candle was prescient as it called the top in October 2024. The pivot in the potential double bottom base emanates from an ugly week ending Aug. 1, when shares sank 17% after earnings.
Traders can enter here and look for the stock to gravitate toward $65 by the first quarter of 2026, representing roughly 23% upside from current levels. Remain bullish above $49.
Carrier Global closed at $53.40 Wednesday.
Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 11, 2025 20:47 ET (01:47 GMT)
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