Recently, over at the Stockbee site we had a discussion concerning people jumping from one method to the next. Stockbee published some findings on a Kirk Report study, which you can read: 3 Things you can learn from Charles Kirk
This piqued my curiosity so I decided to look back over the past 30 days (give or take a week or so on some stocks) and find every breakout that occurred using the StockBee MDT Break out. Whether you use an exhaustion method, trend based or N-Day Breakout entry signal, many of these would of appeared in your scan. Hindsight is 20/20, so I attempted to find stocks that offered a reasonable buy opportunity. I reviewed over 2000 stocks with our standard liquidity filter applied: MINV3.1 > 1000. They were absent of heavy volume selling days prior to the breakout. All stocks were within 10% of their 6 month high. I've also left the time-frame at 6 months so you can get more perspective on the entire move. With that said, there are still a few ugly ducklings in the result set.
So, what's the point? Did you catch 20% of these? How about 80% of the "Mona Lisas". These are the stocks with a chart pattern that is such a work of art, you wonder how you could of possibly missed it? If you did not catch them, then why are you looking at other breakout signals? Why haven't you committed to mastering one? I'm right there with you if missed some of those perfect setups. I keeping asking myself "How did I miss that one?!".
Stocks Mentioned in this article:
Acacia Research Corporation ACTG
American Oil & Gas Inc. AEZ Akamai Technologies, Inc. AKAM Align Technology, Inc. ALGN Autoliv Inc. ALV Amazon.com, Inc. AMZN Aruba Networks, Inc. ARUN Atmel Corporation ATML Baidu.com, Inc. (ADR) BIDU Biovail Corporation (NYSE:USA) BVF BorgWarner Inc. BWA Casey's General Stores, Inc. CASY Caterpillar Inc. CAT Coeur d'Alene Mines Corporation CDE Chipotle Mexican Grill, Inc. CMG Cummins Inc. CMI CNH Global N.V. (ADR) CNH The Cooper Companies, Inc. COO Corn Products International, Inc. CPO salesforce.com, inc. CRM CTC Media, Inc. CTCM Citrix Systems, Inc. CTXS Cytec Industries Inc. CYT Daktronics, Inc. DAKT Deere & Company DE Dollar Tree, Inc. DLTR DemandTec, Inc. DMAN Digital River, Inc. DRIV Ebix, Inc. EBIX Ecopetrol S.A. (ADR) EC EXACT Sciences Corporation EXAS Expedia, Inc. EXPE Sourcefire, Inc. FIRE Ferro Corporation FOE Fossil, Inc. FOSL Five Star Quality Care, Inc. FVE Grupo Financiero Galicia S.A. (ADR) GGAL Green Mountain Coffee Roasters Inc. GMCR General Communication, Inc. GNCMA The Hain Celestial Group, Inc. HAIN Craft Brewers Alliance, Inc. HOOK HealthSpring, Inc HS Homex Development Corp. (ADR) HXM ICICI Bank Limited (ADR) IBN Infinera Corp. INFN Infosys Technologies Limited (ADR) INFY Isilon Systems, Inc. ISLN Ivanhoe Mines Ltd. (USA) IVN JA Solar Holdings Co., Ltd. (ADR) JASO 51job, Inc. (ADR) JOBS Joy Global Inc. JOYG LogMeIn, Inc. LOGM Lubrizol Corporation LZ Minefinders Corp. Ltd. (USA) MFN MIPS Technologies, Inc. MIPS The Mosaic Company MOS Netflix, Inc. NFLX Nelnet, Inc. NNI Newpark Resources, Inc. NR NetApp Inc. NTAP NxStage Medical, Inc. NXTM Netezza Corporation NZ OSI Systems, Inc. OSIS Pan American Silver Corp. (USA) PAAS VeriFone Systems, Inc. PAY priceline.com Incorporated PCLN Penn Virginia Resource Partners L P PVR Rackspace Hosting, Inc. RAX Radware Ltd. RDWR RPC, Inc. RES Cohen & Steers Quality Income Realty Inc RQI Riverbed Technology, Inc. RVBD Banco Santander-Chile (ADR) SAN Sally Beauty Holdings, Inc. SBH Sycamore Networks, Inc. SCMR COMSCORE, Inc. SCOR SINA Corporation (USA) SINA Silver Wheaton Corp. (USA) SLW Sohu.com Inc. SOHU ReneSola Ltd. (ADR) SOL Spreadtrum Communications, Inc. SPRD Sociedad Quimica y Minera (ADR) SQM Savient Pharmaceuticals, Inc. SVNT SAVVIS, Inc. SVVS Skyworks Solutions, Inc. SWKS TransGlobe Energy Corporation (USA) TGA Turkcell Iletisim Hizmetleri A.S. (ADR) TKC The Timken Company TKR Terremark Worldwide, Inc. TMRK Tanzanian Royalty Exploration Corp. (US) TRE Tata Motors Limited (ADR) TTM Travelzoo Inc. TZOO ValueClick, Inc. VCLK VirnetX Holding Corporation VHC VMware, Inc. VMW WABCO Holdings Inc. WBC Warner Chilcott Plc WCRX Xyratex Ltd. XRTX Ixia XXIADisclosure: