Breakouts for Nov 22nd: Three current Breakout and Gold Member plays which have made fresh breakouts. The first pick, AFFX, is a Breakout pick from June 29th and January 28th. Not long after the June feature the stock gapped below support and entered its most recent consolidation. This 4-month consolidation ended on Monday's low volume break of resistance. Pharma stocks had a good day in general and this should lead to the development of a test of the next point of resistance at $59.15. Technicals strongly favor the bulls with new near term highs in on-balance-volume, a consolidation breakout in the MACD trigger line, and overbought slow stochastics. November 15th marked a double top breakout on the point-n-figure chart with an upside target of $68.00; this will depend on $59.12 resistance breaking first of course. The second pick, RHAT, has been a stormer of late. The stock featured as a Gold Member pick for July 5th and as a Breakout for September 14th. Monday's breakout is not without its concerns; the MACD trigger line has undercut support to mark a new near term low and slow stochastics have just dipped outside of overbought levels (but above the last reaction low from early October). The point-n-figure chart certainly looks extended. However, momentum is with the bulls and my new price target reflects a projected target forward assuming a break of $28 resistance (used in my initial price target). Also note the new raised stop price to lock in profits. The third pick, WHR, is a current Gold Member oversold feature from October 14th. The stock bounced from oversold slow stochastics to enter the current consolidation which covered the month of November. Monday's breakout should complete this small handle and initiate the next phase of the move. Fundamentally, the proposed shareholder vote for the merger with Maytag is not expected until December 22nd which looks to have benefitted WHR based on Monday's action. A move to $82 will trigger a double top breakout on the point-n-figure chart with a price target of $99; this objective coincides with a projected base target. Technicals continue to improve, watch for a lead breakout in on-balance-volume to signal a future move over $83.85 resistance.

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