On Wednesday, May 1:
Of 4,136 stocks and exchange-traded funds in this week's analytical universe, 98 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 31 to the upside and 67 to the downside.
In addition, eight that are traded over the counter broke out, three to the upside and five 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.
Three of the major-exchange symbols survived my initial screening, two having broken out to the upside. They are DKL and RECV. One broke out to the downside: DHX.
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 Thursday, May 2.
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