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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: froche who wrote (4149)1/11/1999 3:52:00 PM
From: Jeff Mulder  Read Replies (2) of 6445
 
AXNT made a beautiful breakout today from an 8-month base. It's in a very strong sector, Computer Software - Security.

The 17-day MA barely catches up to GICOF and its off running again, up nearly a point. This is a "potential CANSLIM" moving in on the $12 threshold for full citizenship.

Bruce, you reference the $12 threshold often when listing your CANSLIM potentials, but I think WON has revised that rule. IBD's "Weekend Review" uses a $7 threshold. Has anyone heard an official declaration from WON or Ryan that this criterion has been changed?

- Jeff
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