Hi Bruce, I picked up some RADAF friday also for the potential breakout (or actual breakout, depending how you define it and how you draw your trendlines). It's shown a tendency to follow thru when it has 3 or more consecutive tight range days with little price progress preceeding the breakout day, so here's hoping history repeats itself. Bought it instead of AHLS, which proceeded to gain 2 1/2 points friday AFTER I chose to go the RADAF route. Maybe a few days down the road, RADAF will catch up.
Another I like is MRCY, which I picked up on it's breakout day at around $13. It closed friday at 18 1/4, so it's made a nice move in roughly 20 trading days. Has been a relatively controlled move though, because every price it's traded at (with the exception of the breakout from the 10 3/4 area) has been traded on at least 2 trading days. It's worth looking into if you haven't. Once it makes the IBD friday back page, which I suspect it will over the course of the next month or so (as some of the higher-than 85 EPS stocks report disappointing numbers, MRCY's 81 EPS rank should move up into their vacated slots. Wont take much to get it over 85), it's following should increase tremendously. As a CANSLIM play, it lacks the institutional sponsorship currently, and 5 year growth rate.
Here's a link:
biz.yahoo.com
I'd be interested to hear how this one shakes out with your analysis methods.
dh |
