Thursday's Prospects

On Wednesday, May 8:

Of 2,299 stocks and exchange-traded funds in this week's analytical universe, 67 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 61 to the upside and six to the downside.

In addition, 21 that are traded over the counter broke out, 20 to the upside and one to the downside.

The symbols I'm analyzing are mid- and large-cap stocks that are covered by analysts, as well as selected exchange-traded funds.

Ten of the major-exchange symbols survived my initial screening, all having broken out to the upside. They are ESC, JJSF, JPM, KEY, MSA, NSC, ROC, SAN, SEIC and SWC.

Six of the over-the-counter symbols survived initial screening, all having broken out to the upside. They are ALPMY, CABGY, CHOLY, MSBHY, MXCYY and UCBJF.

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Thursday, May 9.