Wednesday, April 10, 2013

Wednesday's Breakouts

Wednesday, April 10:

Of 2,212 stocks and exchange-traded funds in this week's analytical universe, 60 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 51 to the upside and nine to the downside.

The symbols that I analyzed have a better than even chance of producing a profitable trade in at least one direction using the Turtle Trading method for entry signals.

Ten symbols survived my initial screens, all but one with bull signals. The bear signal is SKF. In descending volume order, the bull signals are GPS, TRLA, DDS, BDSI, ISF, LTON, ALFA, FINU and UVU.

Those that are confirmed on Thursday by trading beyond the 20-day price channel will merit further analysis.

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