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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.
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  • 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

    Stocks: CASC-OLD, FOSL, SFN, SSYS
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