Web fallondpicks.com

Breakouts for Jan 26th: The first pick, USU, is a current active breakout from Sep 16th. Note the raised stop and target price. The company began testing a full-size centrifuge machine which helped break price resistance on heavy volume. Strong technicals are led by a breakout in on-balance-volume, overbought slow stochastics, and a rising MACD trigger line. GTC buy orders down to $11.25 can be used to add or buy a position in this stock. The bullish price projection is $16.50. The second pick, ARB, broke a 6-month sideways congestion on higher 4Q revenue and an analyst upgrade. The technical picture is slowly picking up after months of sideways action. Slow stochastics are rising, although below the bullish mid-line (this is likely to change tomorrow). The MACD trigger line has started to tick up after some sideways action. A similar picture is found for on-balance-volume, although today it did crossover its 20-day moving average. The preliminary point-n-figure price target is $49.00, so I have set a price target at $50 psychological resistance. The third pick is IMN, finally reclaimed all of October's losses on heavy volume following earnings. GTC buy orders down to $33.00 can be used to fish for shares as the markets work through an intermediate bottom. Price action is supported by bullish technicals. On-balance-volume has started a new uptrend as the MACD trigger line accelerates gains. Slow stochastics have ticked downward after briefly rising to overbought levels but remain over the bullish mid-line.

Back to top

Back to top

Back to top

"IBD" refers to Investors Business Daily

Click here for sample newsletter

User id: member email address password: "gold"

Allow 24 hours to set up web site access

Subscription rates

12 months for $119 (save 33%)

6 months for $79.99 (save11%)

$14.99 monthly by credit card