Wednesday, March 20, 2013

Wednesday's Breakouts

Wednesday, March 20:

Of 2,423 stocks and exchange-traded funds in this week's analytical universe, 51 that are traded on the NYSE, NASDAQ or AMEX broke beyond their 20-day price channels, 45 to the upside and six to the downside.

Sixteen survived my initial screens, all with bull signals. In descending volume order, they are: LVS, M, MPEL, WY, TEX, WYNN, EEP, RGC, TRGP, PB, TRS, PBH, AIT, WRLD, APFC and MTSC.

Four 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 Thursday by trading beyond their breakout levels will merit further analysis.

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