Saturday, April 13, 2013

Friday's Breakouts

Friday, April 12:

Of 2,228 stocks and exchange-traded funds in this week's analytical universe, 15 that are traded on the major American stock exchanges broke beyond their 20-day price channels, nine to the upside and six to the downside.

The symbols that I analyzed have a better than even chance of producing a profitable trade in at least one direction using the Turtle Trading method for entry signals.

Two symbols survived my initial screens, DWTI with a bull signal and MUX with a bear signal.

The signals that are confirmed on Monday by trading beyond the 20-day price channel will merit further analysis.

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