Friday, March 22, 2013

Friday's Breakouts

Friday, March 22:

Of 2,423 stocks and exchange-traded funds in this week's analytical universe, 45 that are traded on the NYSE, NASDAQ or AMEX broke beyond their 20-day price channels, 25 to the upside and 20 to the downside.

Six survived my initial screens, all but one with bull signals. In descending volume order, they are AAPL, SSYS, SUI, MIC, IIVI and RXN. The bear signal is on the IIVI chart.

Four over-the-counter stocks from my analytical universe broke below their 20-day price channels. None survived initial screening.

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

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