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.
Breakouts
for November 13th: I am sticking with the theme of featuring currently active picks. The first pick, LEA, continued its run of good form to break near term resistance to set up another leg of its rally. Technicals remain in good shape, even as the MACD trigger line shapes a consolidation. The stock still has a long way to go to get back to its 2004 highs around $66 but the current move should be good to challenge 2005 highs at $43. Carl Icahn received clearance from U.S. antitrust authorities to more than triple his stake in the company in an announcement last Wednesday. The 3.1% yield is another reason to jump aboard. The second pick, ADS, completed a nice cup-and-handle pattern to break past June/July reaction highs, supported by a MACD trigger 'buy' and pre-breakout in on-balance-volume. A push to $63 would trigger a double top breakout on the point-n-figure chart which has a price target of $77. The stock recently featured to Subscribers for October 20th. The company filed its 10-Q last week. The third pick, ARRY,
soared last week on heavy volume following earnings. The results themselves didn't seem to suggest anything spectacular, but let price be your lead. Thursday's and Friday's tight action is an excellent opportunity to raised the stop for the original positions taken in August and October. Technicals have been led by a long standing accumulation trend in on-balance-volume and a breakout in the MACD trigger line. A bullish triangle breakout was triggered on the point-n-figure chart on October 19th with a price target of $17; I am looking for a test of $20.
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