Thursday, March 21, 2013

Thursday's Breakouts

Thursday, March 21:

Of 2,423 stocks and exchange-traded funds in this week's analytical universe, 58 that are traded on the NYSE, NASDAQ or AMEX broke beyond their 20-day price channels, evenly divided between the upside and the downside.

Eight survived my initial screens, all but one with bull signals. In descending volume order, they are: ICON, PVR, RGLD, IPGP, ORIG, NRGY, MATX and SPH. The bear signal is on the MATX chart.

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

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

No comments:

Post a Comment