Tuesday, April 30, 2013

Wednesday's Prospects

On Tuesday, April 30:

Of 4,136 stocks and exchange-traded funds in this week's analytical universe, 153 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 140 to the upside and 13 to the downside.

In addition, 18 hat are traded over the counter broke out, 17 to the upside and one to the downside.

The symbols I'm analyzing are among those that have drawn at the least minimal attention from analysts. They range from penny stocks to blue chips with liquidity running from barely existing to the maximum.

Eleven of the major-exchange symbols survived my initial screening, all having broken out to the upside. They are EDZ, FAS, HAL, HHS, OKSB, PFBX, PSTB, RNST, SBCF, TZA and WHX.

(AAPL also broke out to the upside but failed in my initial screening. I shall, however, take a further look at it because of its size.)

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

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Wednesday, May 1.

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