Harry Boxer’s three stocks breaking out on earnings news

Here are four stocks with strong technical momentum, breaking out on earnings and other news.

Array BioPharma Inc.ARRY, +8.48% reached a new all-time high Tuesday, soaring 15% to close up $2.19 at $16.28 on heavy volume of 10.3 million shares traded. Price broke up out of a two-week bull-wedge consolidation that had formed at the $15 level. The move came with a quarterly earnings announcement that beat Wall Street expectations and strong clinical trials results for the company’s melanoma therapy. Next target: $19.

Fortinet Inc.FTNT, -0.30% gained $2.71 on Tuesday, closing at $46.54 on very heavy volume of 6.6 million shares traded, more than four times its average volume.

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