Week 36 Breakout Forecast: Short-Term Picks To Give You An Edge

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Includes: AMD, AREX, ARRY, CLDX
by: JD Henning

Summary

Four new breakout stocks for Week 36 with better than 10% short-term upside potential.

The complete breakout forecast continues a ten-week streak of at least one portfolio stock gaining more than 10% in the first 5 days. Let's keep it going!

Please consider subscribing for the complete list of 8 breakout stocks and 4 breakdown stocks as well as a sector momentum tracker.

Intro

Welcome to the Momentum Breakout Selection list for Week 36. This article provides four breakout stocks with potential for 10% returns. The complete list of Breakout Stocks as well as additional stock analysis reports are available here to subscribers only at Value & Momentum Breakouts. If you are interested in prior performance results, you can view details here for Phase I and Phase II testing. A brief summary of the selection methodology for these momentum stocks can be found in my primer article on quick pick momentum accelerators.

Performance Summary

This approach by no means removes idiosyncratic risks (e.g., bankruptcy, SEC investigation, lawsuits, broad market changes, institutional fund changes, unexpected earnings announcements, loss of corporate officers, and other corporate catastrophes), but some significant probability of accurately classifying a stock into a particular momentum category for current and future momentum returns is well documented to exist in the short term.

Benchmark Indexes End of Week 35

Week 36 Selections are as follows:

Positive Acceleration Momentum Stocks

This week I have selected the 4 breakout stocks from the following sectors: 2 healthcare, 1 basic materials, and 1 technology.

These stocks have strong characteristics of positive momentum into acceleration for short-term gains. The typical momentum duration horizon from this analysis appears to be one to three weeks, but as you have seen, many of these stocks carry positive momentum for months. Based on past analysis, it is not uncommon for stocks to sustain the momentum criteria for longer periods. Some stocks from prior week selections remain strong on the parameters screened for high momentum.

The new selections of positive momentum stocks for this week include: Advanced Micro Devices (AMD), Approach Resources (AREX), Array BioPharma (ARRY), and Celldex Therapeutics (CLDX):

As always, I hope you capture the most beneficial of these breakout candidates and have a profitable week of trading! Also please consider receiving the complete Breakout Forecast report with 12 stocks and additional stock analysis reports as a subscriber to Value & Momentum Breakouts.

Thank you!

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

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.