Tuesday, April 16, 2013

Tuesday's Breakouts

Tuesday, April 16:

Of 1,934 stocks and exchange-traded funds in this week's analytical universe, two that are traded on the major American stock exchanges broke beyond their 20-day price channels, one to the upside and the other to the downside.

For each of the symbols I'm analyzing, more than half of the Turtle Trading signals, in one direction or the other, were profitable on average during the past 12 months.

Neither symbol survived my initial screening. The bull signal, NTS, moves into the 30-day earnings announcement exclusion period on Wednesday, and the bear signal, EUFX, had too low a yield from its winning trades to qualify.

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