Our First BreakOut Blasts to New Highs Today

Winnebago Industries (WGO- NYSE)

At the start of the week my watch list contained 5 of the best stocks set ups that I could find. These stocks are of highly-ranked, financially sound companies and have properly formed technical bases. Each of these buy candidates were published in my Sunday Stock Report. Each with their own individual trading criteria – such as a trigger price, trigger volume, maximum buy price, max stop loss, etc.

As regular readers know, when any particular stock from our watch list trades above its respective TRIGGER PRICE with the required TRIGGER VOLUME, that stock is then flashing our technical buy signal.

From this week’s concise watch list there was a clear technical buy signal first thing Monday in shares of WGO as broke out in typical fashion. This leader blasted to new highs, clearing our TRIGGER PRICE of $25.25 before closing Monday up better than +3% with a +143% increase in volume. The aggressive gains continued today.

 


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I noted WGO as – “Solid action on Friday with a +2.7% gain on a +50% increase in volume. Does trade thinner with currently only 225K on average. Triple-digit percentage increases in the last three reported quarterly earnings comparisons. Is the second-strongest stock in the group next to Thor Industries (THO) which just broke out mid-week.”

By entering into this stock on the breakout we are properly positioned. We have the highs of the most recent base ($25.00) as our initial area of support, with lower support being offered by the stock’s 50 day moving average, currently at $23.47.

 


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The Sunday Stock Report: Covering 19 Market Leaders


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FROM: The Sunday Stock Report – Sept 29th, 2013

STOCK NOTES WITH ANNOTATED CHARTS

#19 TRIP – Basically continues to hug its 50 DMA line since being sent there on a plunge after negative comments from the CEO back on Aug 14th. Its ranks were solid up to this week where we see the Accumulation/Distribution rank falling a bit. Price has always remained well above what was our 1st SUPPORT of the highs of the previous base at $65.00 (see line on chart). A close significantly below the rising 50 DMA ($73.22) would be a serious concern. Support below there is near the previous highs at $65.00 then $60.00.

 

#18 JAZZ – Remained technically sound as it quietly traded near all-time high with a lack of any real sellers this week. Ranks remain stellar. Still no real concerns as this leader continues to be in a steady uptrend since breaking out for us on 5/22. Our 1st SUPPORT being provided by the recent lows near $85.00. Below there would be the 50 DMA at $82.75.

 

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WATCH LIST UPDATE: 5 High-Ranked Stocks for the Week

I did my usual stock screens this weekend and found four new stocks to add to our watch list for next week. We now have a total of five high-ranked leaders with detailed trading criteria that make up our current watch list for Premium Members.

These latest buy candidates are setting up technically in proper bases of consolidation. This means that they have the winning characteristics which we are all looking for. Including such chart patterns as a cup with handle, flat base, double bottom base, etc. History has shown that when these stocks are posted as set ups, they are poised for a breakout.

Complete access to this fresh watch list is available to Premium Members only (already delivered to your email inbox) or with a sign up here.

 

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Format Aside

As far as the performance of the five individual stocks that were on my watch list for last week , we did have a total of four of those break out and trigger their individual technical buy signals by default.

 

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Have You Been Missing Out on These Latest BreakOuts ?!?

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Since the start of this latest confirmed rally we have had a total of four breakouts that have properly triggered their individual technical buy signals.

On Tuesday (9/20) shares of Envestnet, Inc blasted to new all-time highs with a +78% increase in volume. That bullish action triggered a technical buy signal for any current Premium Members who had an interest in this selection. ENV was first added to our watch list on Aug 8th with a trigger price of $27.76. Since then it has been continually noted in my weekly Sunday Stock Reports with positive comments such as – “…little resistance in the way of possible further gains.” and “Continues trading just off of all-time highs, as its ranks remain solid.”

As the latest rally remains confirmed, growth stocks remain in favor. Sanchez Energy (SN) was just added to our watch list in recent Sunday Stock Report. Less than two sessions later it traded aggressively higher +3.4% with a +73% increase in volume. That bullish action triggered our technical buy signal, and this leader then became the next addition to our portfolio.

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EPL – Triggers Our Buy Signal Then Continues Higher

EPL Oil & Gas, Inc. (EPL) -NYSE:  This high ranked leader was just added to our watch list 9/15. It broke out and triggered a buy signal for us yesterday. and now is having a solid follow-through day today.

 As previously noted – “Recently had a solid rebound from 50 DMA support. Has about the highest ranks and is in a great group with a solid fundamental history. There was a +65% increase in earnings in the last reported quarter and expectations of +200% growth for the current quarter.”

We have now entered into this stock on the breakout and are properly positioned. By doing so we have the highs of the most recent base ($36.00) as our initial area of support, with lower support being offered by the stock’s 50 day moving average , currently at $33.66. This is coupled with a discipline to get out of a trade before any losses may get out of hand.

This is how I have been doing it, and how I have personally seen it happen over-and-over again for more than 10 years. These stocks start off as “set ups” on our watch list. If the market is right, then most break out, triggering their individual buy signals. If there are no breakouts, then we remain in a cash position awaiting a proper buy signal to emerge. By default this helps to keep us more in stocks during the better bull cycles and out during pullbacks when a rally may be under pressure.

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Market Vaulted to New Highs – Two New Buyable BreakOuts

Although the market may have sold off on Friday with an increase in the session’s volume due to options expiration, each of the major averages still finished the week with a net gain. The Dow Jones Industrials advanced +0.5% while the NYSE Index and the Nasdaq Composite each gained +1.4%. The benchmark S&P 500 added +1.3%. This now makes for the third week in a row of broad-based gains.

Wednesday’s action was significant as all four of the major averages noted above broke out to new highs in robust fashion coupled with volume-backed gains. After officially getting in a newly confirmed uptrend the week previous, the rally continued this week.

As far as fresh breakouts from our watch list, we actually had four this week, yet only two of those became “buyable”. From the rising Energy sector, Sanchez Energy (SN) clearly triggered on Tuesday, as its shares blasted higher with a +73% increase in volume. Synaptics Inc. (SYNA) triggered a technical buy signal on Friday, as it traded above its posted TRIGGER PRICE while clearing its TRIGGER VOLUME hurdle mid-session. It was admittedly disappointing to see shares close the day well off of the session highs. That did call the buy signal into question, however I followed my own rules which are laid out each week in this report. According to those, this selection was triggering and buyable by default.

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YNDX – New High Close Adding to Gains Since BreakOut

Yandex N.V. (YNDX) -Nasdaq: Vaulted higher on both Wednesday (+2.9%) and Thursday (+4.7%), making new price highs. Still maintains about the strongest possible ranks at Investors Business Daily. Technically, this Internet-Content leader remains in an uptrend since triggering our technical buy signal on 7/10 at $26.07. My 1st SUPPORT LEVEL is at $33.50 with the next support area below there at the 50 DMA ($ 33.07). At the close of the week we sit with gains of just over +40% without ever trading negative.

This is how I have been doing it, and how I have personally seen it happen over-and-over again for more than 10 years. These stocks start off as “set ups” on our watch list. If the market is right, then most break out, triggering their individual buy signals. If there are no breakouts, then we remain in a cash position awaiting a proper buy signal to emerge. By default this helps to keep us more in stocks during the better bull cycles and out during pullbacks when a rally may be under pressure.

Five High-Ranked Stocks on Our Watch List for Next Week

We currently have only five stocks on our watch list of high-ranked buy candidates that are setting up technically in proper bases of consolidation. This means that they have the winning characteristics which we are all looking for. Including such chart patterns as a cup with handle, flat base, double bottom base, etc. History has shown that when these stocks are posted as set ups, they are poised for a breakout!

Get Instant Access to My High-Ranked Stock Watch List – HERE (sign up required)

     With the market now back in a individual investors such as yourself are encouraged to maintain a high-ranked watch list of buy candidates that look poised to breakout.

You can become a Premium Member today (sign up required) … at this most ideal time in the market. You will get instant and ongoing access to the current and continually updated watch list of my hand-selected, highly-ranked stock set ups and breakouts. Premium Memberships are now available at a discount right here.

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SN- Most Recent BreakOut Continues Higher

As the latest rally remains confirmed, growth stocks remain in favor. Sanchez Energy (SN) was just added to our watch list in last week’s Sunday Stock Report. Less than two sessions later it traded aggressively higher +3.4% with a +73% increase in volume. That bullish action triggered our technical buy signal, and this leader then became the newest addition to our portfolio.

Today shares of this oil and gas explorer blasted to new highs, adding to gains from our $24.84 buy price. Premium Members first saw this leader as it was just featured the latest Sunday Stock Report, when it was being added to our high-ranked watch list. That watch list included just six of the best stock set ups that I could find during my weekend screening ritual.

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Market Back in Confirmed Uptrend – Fresh BreakOuts Are Buyable

     For the second week in a row all the major averages closed higher. In an exact contrast to last week, it was the Dow Jones Industrials which posted the biggest gains, as it advanced a solid+3.0%. This was the biggest weekly gain for this most popular average since the first week of the new year. The New York Stock Exchange and the S&P 500 Index each added +2.0%, advancing them to near their previous highs. The Nasdaq Composite gained +1.7% as it closed at a new multi-year high.

After some noted improvement the week previous, the market officially got back into rally mode first thing Monday as the Nasdaq traded aggressively higher with an increase in volume. This officially confirmed a new uptrend on what was day 8 of the latest rally attempt. By mid-week the three other major indexes referenced above were all trading back above their respective 50 day moving averages.

     As far as buying opportunities; From our watch list of just five highly-ranked stocks, we had a buyable breakout on Tuesday in ENV as shares blasted higher with a +78% increase in volume. This provider of integrated wealth management software was then added to our portfolio. Its’ volume-backed gains continued the following day, and although shares did close off of those mid-week highs, Envestnet, Inc. ended the week up +8%.Continue Reading