Breakouts for June 28th: The first pick, BOL, featured for April 20th as price broke $75.50 resistance. The stock subsequently traded between $75.00 and $80.00 until Monday's heavy volume break on an analyst upgrade. The move in price was supported by a breakout in on-balance-volume and a move over the bullish zero line by the MACD trigger line. Slow stochastics regained the bullish mid-line after dipping into bearish territory on its most recent consolidation. I have upped the target price for a test of $100 psychological resistance which is close to the point-n-figure target of $102 following the quadruple top breakout. The second pick, AIRN, most recently featured as a gold member swing trade for April 14th but the stock continued in a sideways pattern until Monday's break. The price rose on news of a product deal with Digiweb. The solid move in price was supported by new highs in the MACD trigger line and on-balance-volume. Monday's trading also marked a triple top breakout on the point-n-figure chart with an upside target of $8.25. The stock has disappointed in the past and it will be important for price to hold $5.50 support if we are not to see a return to the long standing sideways price action of before. The third pick, CERS, has featured on a number of occasions as a breakout play the last of which was for January 5th. Monday saw the break of an 8-week handle on modest volume. The move was supported by a resistance break in the MACD trigger line although on-balance-volume remained unchanged. There was no news to account for the breakout and there was no net change in the point-n-figure chart (which shows an extended decline from the glory days of $56 a share). GTC buy orders to $4.45 may be sufficient for a price fill but a move over $5 will set the momentum players alight, and a move to $6 will see a breakout on the point-n-figure chart. One to watch.

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"IBD" refers to Investors Business Daily

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