Growth Stock In...'s  Instablog

Growth Stock Investor
Send Message
The Growth Stock Investor is a trader/investor who applies a fusion of fundamental, technical, and quantitative strategies for market timing, growth stock selection, and risk management.
My blog:
Growth Stock Investor
  • Watch These Stocks For Breakouts!! 0 comments
    Dec 21, 2010 10:26 AM | about stocks: CASC-OLD, FOSL, SFN, SSYS

    Below are a few stocks to watch for breakouts. They all have decent earnings, sector strength, and relative strength.


    Cascade Corp is showing a nice price formation known as a pennant. The upside of this is equal to the previous measured move, will the risk is quite controlled at around $45.00. Watch CASC for a breakout above the pennant.


    Fossil, Inc. (NASDAQ:FOSL) is setting up a pattern that is a bit harder to spot, but it has been a very profitable base in the past. Current you can see a base on base here with consolidating volume before the breakouts. The last breakout from a flat base in October led to outsized returns, so watch this stock closely.


    SFN Group recently broke out of a cup with handle, but is offering a slight entry here with a volatility continuation pivot from a pullback.


    Stratasys, Inc is consolidating and has broken out from a pullback within a flat base. Because the pullback is within a base, I would wait till new highs to enter. The tight volume and price action since early November tells us that this stock is building a base from which it can really move.


    WHX Corp has a very nice consolidation which is a flat base. I like this base best, especially when it consolidates this tightly. A high volume pivot from this pattern would be the entry.

    Positions: None

Back To Growth Stock Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.