Major Averages Narrowly Mixed – Another New BreakOut

3:20 PM – The major averages were considerably lower in mid-morning trading, yet are now sitting quietly near unchanged.

We had another new breakout today as shares of RTEC traded above their TRIGGER PRICE of $18.10 at about noon.

A BreakOut Alert! was sent to all members.

rtec100616a

Chart courtesy of stockcharts.com – Click chart to enlarge.

We now have had two breakouts so far this week.

Yesterday’s breakout, SCHW is pulling back a bit today, yet on lighter volume.

Most of our previous breakouts remain rather quiet as they are above support.

A few making some noise are…

Shares of CORT as they are down today (-1.79%), yet on lighter volume.

On the upside, our IGT is making more new highs today with above average volume.

DOC bounced intra-day from support of the 200-day moving average ($19.15).

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, of course, please email me at james@jamestaulman.com.