Stocks may be poised for dramatic surge, if they can break out of their current range, analysts say
Stocks have been grinding sideways, but once they breakout, the move to the upside could be powerful, technical analysts say.
The S&P 500 has been edging closer to 3,028, its high from July 26, but it has backed off a number of times, creating a jagged seesaw pattern on August’s chart. On Monday, the S&P was slightly higher but still trading below the psychological 3,000 level.
“The intermediate…