Breakouts for Oct 19th: The first pick, STJ, most recently featured as a Gold Member pick for June 27th. The company reported an 85% rise in Q3 profit. The news ended a three month price consolidation which was confirmed by resistance breaks in on-balance-volume and the MACD - with a pending breakout in slow stochastics. Tuesday's gains were good enough for a double top breakout in the point-n-figure chart with a price target of $75.00 but I am looking for a measured move target closer to $60. GTC buy orders in the low $48s should be enough for fills hers. The second pick is, PPDI, is perhaps overextended in the short term, but a move back to the low $60s/high $59s would have longside merits. Tuesday's gains coincided with a MACD trigger 'buy' and a breakout in on-balance-volume. The company had earlier posted earnings which topped expectations following on from a similar strong earnings report in July. The point-n-figure chart shows a triple top breakout with a price target of $82.00 but again I am looking to the measured move target first. The third pick is, BBBB, pushed beyond $25.69 resistance on heavy volume following news of a software platform integration plan with Microsoft. The gains were good enough for an ascending triple top breakout on the point-n-figure chart with a projected price target close to $36. The current point-n-figure target of $23.50 has long since been exceeded. Technically there was a MACD trigger 'buy' signal - hemmed in by resistance, but a solid resistance break in on-balance-volume and a bullish bounce off the mid-line of slow stochastics gives the nod to the bulls. Fishing for fills using GTC buy orders down to the low $26s looks good here.

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