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.
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.
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