Breakouts for Sep 2nd: The first pick, AGE, featured as a Gold Member pick for August 26th. Thursday's gains confirmed a double bottom at $43.20. Resistance at $46.93 is the final stumbling block for a run to $51 which marked 2001 highs. The double bottom confirmation came in the absence of stock specific news. Technicals remain mixed; the MACD trigger line signaled a "Buy" while on-balance-volume and slow stochastics remained below bullish territory. The point-n-figure chart is neutral but holds a bullish price target of $74. A move to $48 will trigger a double top breakout. The second pick, GRS, featured as a Gold Member pick for August 3rd. If the stock can hold Thursday's gains into Friday's close it will mark a significant breakout on the weekly chart with a projected base target of $10.15. The stock received some favorable comments over the weekend from Forbes.com as one of the better value gold mining plays. A move to $8.00 will trigger a breakout on the point-n-figure chart and send it well on its way to its price objective of $11.75. The point-n-figure chart shows an ascending triple top breakout from August 11th. There is modest technical strength; a "Buy" in the MACD was tempered by resistance in the trigger line, on-balance-volume breached resistance but still has to break larger resistance from April, however; slow stochastics did regain overbought territory = strong bullish momentum. The third pick, TPC, earlier featured as a Breakout for July 15th. The stock is thinly traded with occasional bursts of buying, so I would be cautious holding a large position in this stock as it could be difficult to sell further down the road. All three technical indicators remain bullish which will help support the price. Significant resistance lurks overhead at $3.98 but if this can be breached it will leave a free run to fresh resistance at $7.00. Given this stock once traded at $42.00 it has a long (long) way to go. The point-n-figure chart is neutral but holds a downward price target of $0.50. A move to $3.75 will trigger a breakout and negate the $0.50 downward target.

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