Monday, April 8, 2013

Monday's Breakouts

Monday, April 8:

Of 2,212 stocks and exchange-traded funds in this week's analytical universe, 33 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 18 to the upside and 15 to the downside.

The symbols that I analyze have a better than even chance of producing a profitable trade using the Turtle Trading method for entry signals.

Three symbols survived my initial screens, all with bull signals. In descending volume order they are PERI, SSI and BTZ.

Those that are confirmed on Tuesday by trading beyond the 20-day price channel will merit further analysis.

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