Saturday, April 20, 2013

Monday's Prospects

On Friday, April 19:

Of 4,144 stocks and exchange-traded funds in this week's analytical universe, 55 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 34 to the upside and 21 to the downside.

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

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

Two of the major-exchange symbols survived my initial screening, all having broken out to the upside. They are, in descending volume order, BIG and MANU.

One of the over-the-counter symbols survived initial screening with a bull signal: AGPYY.

I'll do further analysis on the survivors that confirm their bull signals by trading above their breakout levels on Monday, April 22.

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