Monday's Prospects

On Friday, May 17:

Of 2,328 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, 52 to the upside and eight to the downside.

In addition, five that are traded over the counter broke out, two to the upside and three to the downside

The symbols I'm analyzing are mid- and large-cap stocks having analyst coverage, as well as selected exchange-traded funds.

Thirteen of the major-exchange symbols survived my initial screening, 11 having broken out to the upside and two to the downside. The symbols giving bull signals are are ABBV, ARB, FLR, GLP, IX, NBR, PBYI, PSX, QCOM, SRPT and TEX.  The symbols giving bear signals are CPAC and RHP.

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

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Monday, May 20.