Breakouts for Jan 19th: The first pick, ADCT, last featured as a breakout for November 18th. Wednesday's modest volume breakout completed a 5-week base and draws $26.54 resistance into range. Technicals remain firm and should continue to support the rally. The bullish engulfing pattern is a bonus (although this pattern holds greater significance in an oversold market). The point-n-figure target is $41.50, but I have opted for a projected base target. A move to $28 will put this at multi-year highs. Buyers may still find fills around $24.40. The second pick, ALVR, had last featured for July 1st but gapped below its stop price. The stock subsequently entered a basing period but now looks ready to challenge old highs. I have maintained the original price target, but the bullish engulfing pattern off the positive test of $9.50 support should see an initial move to $14. The point-n-figure chart clings to the bearish price target of $1.50 and it is going to take a move to $12 to negate this downside target. Watch for an upcoming Golden Cross of the 50-day and 200-day MAs as this will confirm the long term bullishness of the stock. For long term holders look to a target of $24. The third pick, EEFT, breached $29.32 resistance on heavy volume in the absence of company specific news. The stock is working itself out of a three wave correction from September. New near term highs in slow stochastics, MACD trigger line, and on-balance-volume, combined with a MACD 'buy' switch this back to the bulls favor. It should be possible to use GTC buy orders to get fills around $29.61. The point-n-figure target of $44 has come into play as Wednesday's gains triggered a double top breakout. One to watch.

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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
$31.00	$28.78	$38.12	$29.32	$31.91	3.2	B+

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"IBD" refers to Investors Business Daily

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