Tuesday, April 30, 2013

Tuesday's Prospects

On Monday, April 29:

Of 4,136 stocks and exchange-traded funds in this week's analytical universe, 100 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 91 to the upside and nine to the downside.

In addition, 16 that are traded over the counter broke out, 14 to the upside and two to the downside.

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.

Ten of the major-exchange symbols survived my initial screening, all having broken out to the upside. They are BANR, COBZ, EWG, FIBK, GOOG, KMT, MDCA, PKG, RF and YGE.

(QQQ and AMZN also broke out to the upside but failed in my initial screening. I shall, however, take a further look at them because of their size.)

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

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Tuesday, April 30.

No comments:

Post a Comment