Wednesday's Prospects

On Tuesday, May 14:

Of 2,305 stocks and exchange-traded funds in this week's analytical universe, 88 that are traded on the major American stock exchanges broke beyond their 20-day price channels, 83 to the upside and five to the downside.

In addition, three that are traded over the counter broke out, two 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.

Twenty-three of the major-exchange symbols survived my initial screening, all having broken out to the upside. They are ACM, ALL, BGG, BIIB, CCE, CFX, CHMT, DOV, EGN, GS, KBR, LEG, MPW, MTG, MTW, NPO, PGR, ROK, SCS, SUSQ, SWK, TKC and UHS.

Two of the over-the-counter symbols survived initial screening, both having broken out to the upside. They are BAESY and CRNCY.

I'll do further analysis on the survivors that confirm their signals by trading beyond their breakout levels on Wednesday, May 15.