Wednesday, April 24, 2013

Wednesday's Prospects

On Tuesday, April 23:

Of 4,144 stocks and exchange-traded funds in this week's analytical universe, 85 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 72 to the upside and 13 to the downside.

In addition, 13 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.

Six of the major-exchange symbols survived my initial screening, all having broken out to the upside. The potential bull plays are BGS, CBK, LYG, MDCI, TRNO and WAL.

None of the over-the-counter symbols survived initial screening.

I'll do further analysis on the survivors that confirm their bull signals by trading above their breakout levels on Wednesday, April 24.

No comments:

Post a Comment