Stocks with charts breaking resistance that drew my attention...
I have not done a whit of DD on any of these, nor have I checked earnings dates or news so...beware.
3 things to watch for on stocks breaking above resistance, i.e, they continue up in search of next resistance OR they falter a bit to validate the new found support...OR they test support and fail on a closing basis, in which case...BAM they're gone!!!...unless you're privy to a reason not to.
IMHO the only way to play this type of stock break (safest and most profitable in my estimation) is to have or buy 'em in bunches and rotate...have 8-10, never more than 10% trading money in any one....as they move up and falter (signals, whatever)...ummm, well DUMP 'EM. Then find a replacement. Diversify sectors etc.
If you try to trade only one or two...disaster in the making...if you're overweighted.
Hope these charts came in okay. Keep an eye on the major as well as smaller specific indexes that relate....i.e., ATML and the !SOX. I know ATML's not listed below, it's an example!
By the way I chart open/close not spikes...on short term non daytrades.
DGN, broke resistance on Thursday (15 or so) with follow up Friday on heavy volume.
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CDT, same story, popped resistance on Thursday (15 7/8) with follow up Friday on volume.
bigcharts.com
GUMM, broke resistance Friday on heavy volume.
bigcharts.com
MYLX, broke a coupla resistance points on volume.
bigcharts.com
GEMS, nice move on news, facing resistance pdq though.
bigcharts.com
MSTG, broke a severe downtrend 7 days ago, broke resistance Thursday on volume..faltered a little Friday, could be headed for test of new support.
bigcharts.com
VSVR, broke resistance Friday.
bigcharts.com
Other promising charts, EGGS, NETG (still a little suspect), MXTR (early ?), FCLX, MANU (facing resistance here), SFAM (might be tiring)
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Standard caveats apply...most of the above is probably BS and you'll no doubt end up in the poorhouse if you even so much as glance at any of the above stocks...
....for trading, holding IDTI, MRVC, ASPT, AFCI, SKYM, PAGE as the TA plays out....okay and scur on which no comments will be tolerated!!! It was a Bollinger squeeze! Geeeez.
Stan
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