Friday, April 26, 2013

Friday's Prospects

On Thursday, April 25:

Of 4,144 stocks and exchange-traded funds in this week's analytical universe, 162 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 141 to the upside and 21 to the downside.

In addition, 11 that are traded over the counter broke out, 10 to the upside and one to the downside.

The symbols I'm analyzing are among those that have drawn attention from analysts. They range from penny stocks to blue chips with liquidity running from barely existing to the max.

Seven of the major-exchange symbols survived my initial screening, all having broken out to the upside. The potential bull plays are CPRT, MOS, OMC, RBS, SCSS, XHB and ZQK.

Three of the over-the-counter symbols survived initial screening, each with an upside breakout. They are GXYEY, SCHYY and VLEEY.

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Friday, April 26.

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