Breakouts for Jan 17th: The first pick, PRFT, first featured on November 29th. Last Monday the company raised Q4 guidance which confirmed new support at $9.50 and eventually led to Friday's new closing highs. The stock is still riding the June 13th double top breakout on the point-n-figure with a price target of $19.50. My price target is projected from the triangle consolidation evident on the weekly chart - but the higher target does not look unreasonable. Bulls should watch for a confirmation breakout in on-balance-volume; but can take comfort from the 'Buy' signal in the MACD trigger line and its positive confirmation of rising support (grey hashed line). The second pick, MCHX, made its most recent breakout at the end of October, and first featured as a Subscriber pick for June 13th when it traded at $14.21. It received a further buy recommendation in late December from Tradingmarkets.com as the stock traded around $22.74. Friday's closing price provides an ideal entry price for Monday which can be run using my recommended tight stop, or with a more flexible stop on a loss of the last reaction low around $22.50 (which also shapes the 'handle' of a year long cup-and-handle pattern). A MACD 'buy' and return to overbought conditions in slow stochastics set the stage for a follow through move from the bulls. My price target is drawn from a projected move forward from the weekly cup-and-handle pattern. A move to $27 will trigger a double top breakout on the point-n-figure chart. The third pick, ACLS, recently secured an order for its Optima HD high dose ion implanter which helped drive the right-hand-side of a small, 1-month base. Friday's breakout closed the October breakdown gap, supported in part by a breakout in on-balance-volume and the MACD trigger line. The potential spanner in the works is the 200-day MA/40-week MA which has contained any rally attempt over the last 18-months; this average lurks at $5.88. Working in the bulls favor is a new reaction high in slow stochastics which could provide the momentum to push to $6 and higher. The point-n-figure chart is of little help at this stage and hangs to a bearish price target of $2.00. My price target is drawn from the last key reaction high.

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For those who prefer to set their own price targets the table opposite represents the frequency for a given % return (taken from maximum highs) assuming a fill at at the stated "Buy" price on the open (i.e. the prior days close). The return per trade from 5% risk is typical of what my subscribers can expect from their picks. The return per trade from 10% risk is what one can expect from my free stock picks. Returns will be higher on fills below my "Buy" price

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96% of featured stocks turn a profit greather than or equal to breakeven, assuming a fill at the prior day's close. 91% of featured stocks return a profit of 1% or more assuming a fill at the prior's day close; 78% of picks return a profit of 2% or more. 92% of featured plays are completed within a 6-month time frame. Stocks which are still in play beyond 6-months are usually experiencing strong rallies. Returns will be higher on fills below my "Buy" price

Buy	Stop	Target	Support	Resistance	Risk:Reward	IBD
$5.53	$4.88	$7.48	$5.40	$5.92	3.0	D

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"IBD" refers to Investors Business Daily

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