WED 8/16: Major Averages Modestly Higher – Several New BreakOuts

NOTE: We are having a technical issue with the Personal Portfolio site. We are posting today’s update here, and apologize for the inconvenience.

We had SUPN break out today from our Technical SetUps WatchList and confirm a BUY signal.

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

 

Our CPRT, CRM, ATVI and Q are all trading above their respective TRIGGER PRICES, yet volume in each is currently below average, and not confirming a BUY signal.

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

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

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

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

 

There is also A which gapped up on earnings and is confirming a BUY signal by default. However, as we know, earnings breakouts do carry more risk due to their volatility.

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

As far as our previous breakouts…

The only one with any real concerns is RDNT as it continues to be volatile with a negative reversal today, and this is a concern.

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

If you have any questions about any of our other previous breakouts, you are welcome to email me at jamestaulman@gmail.com