Tuesday, March 26, 2013

Tuesday's Breakouts

Tuesday, March 26:

Of 2,399 stocks and exchange-traded funds in this week's analytical universe, 65 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 48 to the upside and 17 to the downside.

Four survived my initial screens, all with bull signals. In descending volume order, they are VMED, AFL, JLL and DPM.

Seven over-the-counter stocks from my analytical universe broke beyond their 20-day price channels, two to the upside and five to the downside. None survived initial screening.

The surviving issues whose signals are confirmed on Wednesday by trading beyond their breakout levels will merit further analysis.

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