Monday, March 18, 2013

Monday's Breakouts

Monday, March 18:

Of 2,423 stocks and exchange-traded funds in this week's analytical universe, 23 broke beyond their 20-day price channels, 16 of them to the downside.

Two stocks survived my initial screens, MAA to the upside and MPWR to the downside.

The issues that are confirmed on Tuesday by trading beyond their breakout levels will merit further analysis.

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