Saturday, May 4, 2013

Monday's Prospects

On Friday, May 3:

Of 2,299 stocks and exchange-traded funds in this week's analytical universe, 132 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 115 to the upside and 17 to the downside.

In addition, eight that are traded over the counter broke out, all to the upside.

The symbols I'm analyzing are mid- and large-cap stocks that are covered by analysts, as well as selected exchange-traded funds.

Thirteen of the major-exchange symbols survived my initial screening, 12 having broken out to the upside. They are BERY, BKD, CNO, DFS, EPAY, FINL, GPI, KFN, RVBD, TRLA, TRS and VMC. One broke out to the downside: FAZ.

One over-the-counter symbol survived initial screening, having broken out to the upside: DDAIF.

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Monday, May 6.

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