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James Taulman
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James F. Taulman - For more than 8 years James had served as Editor-in-Chief of what was at that time the leading independent website that offered stock reports and services based on the CAN SLIM® investment system. At one point, he was also the sole owner of the CANSLIM.com website. He is an... More
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The Sunday Set Up Report
  • EPL - Triggers Our Buy Signal Then Continues Higher 0 comments
    Sep 24, 2013 3:30 PM | about stocks: EPL

    EPL Oil & Gas, Inc. (NYSE:EPL) -NYSE: This high ranked leader was just added to our watch list 9/15. It broke out and triggered a buy signal for us yesterday. and now is having a solid follow-through day today.

    (click to enlarge)

    As previously noted - "Recently had a solid rebound from 50 DMA support. Has about the highest ranks and is in a great group with a solid fundamental history. There was a +65% increase in earnings in the last reported quarter and expectations of +200% growth for the current quarter."

    This is how I have been doing it, and how I have personally seen it happen over-and-over again for more than 10 years. These stocks start off as "set ups" on our watch list. If the market is right, then most break out, triggering their individual buy signals. If there are no breakouts, then we remain in a cash position awaiting a proper buy signal to emerge. By default this helps to keep us more in stocks during the better bull cycles and out during pullbacks when a rally may be under pressure.

    Follow me for more...

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: EPL
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