Tuesday's Prospects

On Monday, May 6:

Of 2,299 stocks and exchange-traded funds in this week's analytical universe, 52 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 44 to the upside and eight to the downside.

In addition, two that are traded over the counter broke out, both 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.

Six of the major-exchange symbols survived my initial screening, all having broken out to the upside. They are FIG, GWR, ITT, MDP, MGI and TSO.

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

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Tuesday, May 7.