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Web based stock technical analysis tools since 1999. Specializing in breakout and momentum stock ideas. Articles are opinions only and NOT investment advice.
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  • NFLX (Netflix, Inc.) Confirmed Breakout Alert

    The StockConsultant screener has found $NFLX (Netflix, Inc. - NASDAQ) stock with a confirmed breakout above 370.58 on volume +12% higher than normal. The technical analysis details and chart listed below.

    VOLUME

    • 1.16mil shares, +12.1% compared to typical volume of 1.04mil by 11:25 am ET (15-20 min delayed).
    • Typical daily volume is 3.05mil shares over the past 6 months.

    BULLISH

    • Confirmation - Strong bullish 3 day chart pattern with Average 3 day accumulation.
    • Confirmation - Strong bullish 1 day moneyflow
    • Confirmation - CONFIRMED breakout above 370.58, no resistance in area just above.

    BREAKOUT

    • CONFIRMED breakout above 370.58, no resistance in area just above.
    • Type: True breakout from double resistance.
    • Target: 406.6, 9.5% Stop: 357.29, Loss: 3.8%, Profit/Loss ratio: 2.5 : 1 - Good

    (click to enlarge)NFLX breakout stock chart from StockConsultant

    Source: NFLX at StockConsultant

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

    Dec 12 11:53 AM | Link | Comment!
  • ETFC (E TRADE Financial Corporation) Breakout To New Highs

    $ETFC (E TRADE Financial Corporation - NASDAQ) today confirmed a breakout to new highs above 18.54 on 33% higher than normal volume.

    VOLUME

    • 1.28mil shares, +33% compared to typical volume of 964k by 11:05 am ET (15-20 min delayed).
    • Typical daily volume is 3.11mil shares over the past 6 months.

    BREAKOUT

    • CONFIRMED breakout above 18.54, no resistance in area just above.
    • Type: Continuation breakout from single resistance.
    • Target: 19.82, 6.7% Stop: 18.16, Loss: 2.3%, Profit/Loss ratio: 2.9 : 1 - Good

    CURRENT PRICE

    18.58, just above resistance, 18.25 ± 0.27, type single, strength 1

    RESISTANCE ABOVE

    None.

    SUPPORT BELOW

    • -1.8% at 18.25 ± 0.27, type single, strength 1
    • -4.4% at 17.76 ± 0.27, type triple, strength 6
    • -7.3% at 17.22 ± 0.26, type triple, strength 10

    (click to enlarge)ETFC breakout stock chart from StockConsultant.com

    Source: ETFC at StockConsultant

    Dec 10 11:40 AM | Link | Comment!
  • NOK (Nokia Corp ADR) New High Breakout Alert

    $NOK (Nokia Corp ADR - NYSE) stock after one month of price consolidation between 7.63 and 8.04 support and resistance areas, has the potential to breakout to new highs. StockConsultant analysis is below.

    VOLUME

    • 13.47mil shares, +39.5% compared to typical volume of 9.66mil by 11:25 am ET (15-20 min delayed).
    • Typical daily volume is 28.4mil shares over the past 6 months.

    BREAKOUT

    • WATCH for possible breakout above 8.22, no resistance in area just above.
    • Type: Continuation breakout from single resistance.
    • Target: 9.05, 12.1% Stop: 7.76, Loss: 3.8%, Profit/Loss ratio: 3.2 : 1 - Excellent

    CURRENT PRICE

    • 8.07, at resistance or support, 8.04 ± 0.18, type single, strength 3

    RESISTANCE ABOVE

    • None.

    SUPPORT BELOW

    • -5.5% at 7.63 ± 0.18, type single, strength 5
    • -11.4% at 7.15 ± 0.16, type single, strength 2
    • -17.7% at 6.64 ± 0.15, type double, strength 10

    (click to enlarge)NOK breakout stock chart from StockConsultant.com

    Source: NOK at StockConsultant

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

    Dec 09 11:53 AM | Link | Comment!
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