Meta Leads Pack of Stocks Trying to Break Out Amid Gloomy Market

Meta Platforms (META) leads a group of stocks looking to break out, joining 30 others on the IBD Breakout Stocks Index.

The market struggles continue, with the IBD/TIPP Economic Optimism Index plunging to a 12-year low in October.

Investors should protect portfolios but also prepare for potential follow-through days to spark a new uptrend.

Watch the 10-week moving average and relative strength line for clues on Meta stock and others trying to break out.

The IBD Breakout Opportunities ETF (BOUT) allows investing in the full index of breakout stocks.