- Breakout
- A rise in a security's price above a resistance level (commonly its previous high price) or drop below a level of support (commonly the former lowest price.) A breakout is taken to signify a continuing move in the same direction. Can be used by technical analysts as a buy or sell indicator. The New York Times Financial Glossary
* * *
1. MARKETING a very successful product, especially one that comes after a company has produced some less successful ones:• This might be the breakout product we've been looking for.
2. ACCOUNTING more detailed information referring to part of a set of figures:• The report gives detailed breakouts of wage changes.
3. a sudden increase:• Oil prices were on the edge of a major breakout, but turned down in late trading.
* * *
A term used in technical analysis to describe when a price climbs above a resistance level (usually its previous high) or falls below a support level (usually its previous low). Breakouts usually occur when a trend line or formation is broken.► See also Technical Analysis.* * *
Ⅰ.breakout UK US /ˈbreɪkaʊt/ noun [C]► an increase, especially a sudden one: »With little change in the stock market, the long-hoped-for breakout still appears to be a few weeks away.
»We are hoping for a major breakout in profits later this year.
Ⅱ.breakout UK US /ˈbreɪkaʊt/ adjective [before noun]► very successful, especially when compared to something else: »They described 2008 as a breakout year for European technology firms.
► relating to a meeting of one or more small groups that are part of a larger group: »The CEO gave a speech in the morning, and breakout sessions followed in the afternoon.
»The conference centre has eight break-out rooms.
Financial and business terms. 2012.
