If you are interested in a system which covers only a handful of stocks, charges only for profitable months, delivers trades via email or mobile phone in real time, and is verified by a third party - then my
actively managed portfolio is the system for you.
General notice on Breakout stocks: Until markets reach a reaction low as identified by the market internals in the right-hand-margin I will be limiting the number of breakout stocks featured. Based on prior performance history this is perhaps the best strategy to employ.
April should see some good buying opportunities.
Breakouts
for February 14th: Staying with the theme of reviewing current plays. When the market pushes decent gains in the latter stages of a rally it is good idea to review current holds to see which ones are still partaking in that rally. The first pick, ACV, looks to have broken from 1-month declining resistance on light volume. More substantial resistance can be found at $23.59 but now is a good opportunity to raise the stop from the January 4th position. Technicals are modestly bullish as the MACD trigger line marks a fresh consolidation with a modest accumulation trend for on-balance-volume. Bullish trend strength [+DI] is in the driving seat as the ADX trades well above 20, a measure for a strong trend. The point-n-figure chart is neutral for a price target but holds to its September 11th bullish catapult pattern. The second pick, DISH, has maintained a strong channel advance since it first featured for July 18th. The rally has been supported by an excellent accumulation trend in on-balance-volume and a new reaction high in bullish trend strength [+DI; ADX > 20 = strongly bullish]. The point-n-figure target of $56 is the target price I have opted to use. The latter chart shows a double top breakout from November 7th. The company recently resolved disputes with Court TV and HBO. Ride the trend until channel support breaks and/or the stop price is hit. The third pick, ONNN,
is in the process of breaking a seven-day narrow-range consolidation on relatively light volume (if you could call 7.3m shares light). Stops from the December 7th Subscriber play and January 9th Breakout feature should be raised to a break of the seven-day lows to protect profits. Technicals are well positioned for further gains with bullish trend strength [+DI] bumping along the back of strong momentum [ADX > 20], supported by a breakout in the MACD trigger line. Only on-balance-volume has yet to confirm. The point-n-figure chart shows an ascending triple top breakout from January 8th with a price target of $10.75. With limited resistance until $26.50 this could go far.
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