Sunday, April 28, 2013

Monday's Prospects

On Friday, April 26:

Note: CORRECTED to eliminate PUK, an ADR which announces earnings on May 7 and therefore falls within my 30-day exclusion period.

Of 4,136 stocks and exchange-traded funds in this week's analytical universe, 94 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 59 to the upside and 35 to the downside.

In addition, eight that are traded over the counter broke out, all to the upside.

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 maximum.

Seven Six of the major-exchange symbols survived my initial screening, six having broken out to the upside and one to the downside. The potential bull plays are MCRI, NR, PUK, SPSC, TSRO and TUES. The potential bear play is LOGI.

One of the over-the-counter symbols survived initial screening, with an upside breakout: TCEHY.

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Monday, April 29.

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