Tuesday, April 23, 2013

Tuesday's Prospects

On Monday, April 22:

Of 4,144 stocks and exchange-traded funds in this week's analytical universe, 47 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 31 to the upside and 16 to the downside.

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

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.

Four of the major-exchange symbols survived my initial screening, three having broken out to the upside. The potential bull plays, in descending order, are HNZ, CLB and PHI. The potential bear play is SBLK.

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

I'll do further analysis on the survivors that confirm their bull signals by trading above their breakout levels on Tuesday, April 23.

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