Rocket Companies $RKT is in the process of completing a primary trend reversal as it breaks out to its highest level since 2021 on the heels of an earnings beat.

The stock holds a 13.6% short interest and a 6x days-to-cover ratio, which could spark a major squeeze.

As long as we’re above 15, we want to be long RKT.

With the primary trend just now turning higher with the completion of a textbook rounding bottom formation, we like this one over longer time frames too.

Here’s the chart, showing volatility surging higher as it comes off record low levels:

What is Breakout Multiplier

At the end of the day, our number one goal is to help you secure a double on your trade. 

The Breakout Multiplier system (BOx) is a success when we sell lots of doubles. Period.

Think of flipping a double as securing a free ride. In bull markets, these free rides tend to turn into multi-baggers. That’s all we’re trying to do—put ourselves in the position to win big, consistently.

Once you get that double, it’s on you to decide the next steps. 

We will provide suggestions and always discuss how we are trading out of the remainder, but because everyone's risk tolerance and objectives are different, this is a decision you need to make personally. 

And it should come with a great deal of thought.

Consider the following: