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Watch These Stocks For Breakouts!!

|Includes: Cascade Corporation (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