BreakOut Alert: LHX traded above its TRIGGER PRICE of $215.46. The security is currently trading at $215.50.
Author: STAFF
BreakOut Alert: IBP traded above its TRIGGER PRICE of $60.09. The security is currently trading at $60.10.
– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
4:15 PM – BREAK OUT UPDATE
Boston Scientific Corporation (NYSE – BSX)
Boston Scientific Corporation, doing business as Boston Scientific, is a manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.
9/15 UPDATE: Closed the previous week on a bullish note as it gained nearly +2% on that Friday while volume was slightly above average. Shares closed that week at a new all-time high.
| SYM | LAST | ADDED TO WATCH LIST | BREAKOUT PRICE |
BREAKOUT DATE |
| BSX | $43.45 | 8/4/19 | $43.63 | 9/6/19 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE | 1st SUPPORT | 2nd SUPPORT | MAX STOP LOSS GUIDE | % GAIN/LOSS |
| $45.81 | was: $43.00 now: $41.00 |
was: 50 DMA now: $40.00 |
$40.14 | -4.17% |
That all reversed on Monday as 1) the stock sold off nearly -4%, 2) with an increase in volume, 3) broke the 50-day line and 4) closed near the session lows. That negative trading action coupled with the technical violations was a clear SELL signal.
With that type of single-session technical damage, it was no surprise to see shares open the next morning with a gap down, then trade even lower.
BSX did start to positively reverse later that morning with a bounce from support offered by the round-$40. That carried the gains through Thursday, and even briefly back above the 50-day line to close with a slight loss. On Friday, shares gave up another -1%, albeit in lighter turnover.
For those who continue to hold or may have bought the bounce – any continued weakness would be another SELL signal, exiting the position with a loss within the guidelines (~ -5%).
NOTE: Get updates like this on all 7 of September’s breakouts – and my watchlist for next week – by requesting a complimentary copy of this week’s Sunday Stock Report here.
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About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace. Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.
_________________________________________________
Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.
– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
9:00 AM – MORNING MARKET UPDATE & WATCH LIST
Last week was another volatile week on Wall Street, and this week looks to be starting with the same.
QUOTE OF THE DAY:
“Correction does much, but encouragement does more.”
– Johann Wolfgang von Goethe
For most of last week, bond yields continued to fall while recession concerns lingered. Then, late in the week, a Chinese request for “calm” in the trade war helped the Dow and the S&P to post their best weekly gains since early June. And for the Nasdaq, it became its best week in the past 10 weeks.
For the month, however, the Dow lost -1.7%. The S&P 500 and the Composite closed August off -0.1% and -0.5%, respectively.
After falling more than -600 points during the previous week, the Dow gained +775 points or a solid +3% this week. The index closed at a new high (26,403) since falling below its 50-day moving average at the start of August.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
With the market volatility, the Nasdaq and the S&P 500 both added a distribution day this past week. There are now 4distribution days on Nasdaq, and 3 on S&P. The current uptrend is still officially “under pressure”.
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STOCKS AT SUPPORT UPDATE:
This list of stocks below was first included in the previous week’s Sunday Stock Report, with the note – “For any traders looking to play a potential market bounce, below is a list of 10 stocks which closed Friday at/near support and looked poised to move higher, especially with any market cooperation. Any gains in the following, especially with an increase in volume would be buyable.”
| SYM | LAST | ADDED TO WATCH LIST | POSTED PRICE |
% CHG |
| ALLY | $31.35 | 8/25/19 | $30.10 | +4.15% |
| BSX | $42.73 | 8/25/19 | $41.17 | +3.79% |
| BZUN | $45.76 | 8/25/19 | $40.40 | +13.27% |
| COO | $309.75 | 8/25/19 | $321.67 | -3.71% |
| EME | $87.44 | 8/26/19 | $80.78 | +8.24% |
| IIPR | $89.16 | 8/27/19 | $101.50 | -12.16% |
| MLNX | $107.05 | 8/28/19 | $106.48 | +0.54% |
| MMC | $99.89 | 8/29/19 | $95.66 | +4.42% |
| SIGI | $79.63 | 8/30/19 | $77.87 | +2.26% |
| XLNX | $104.06 | 8/31/19 | $100.97 | +3.06% |
*% CHG is as of price when published.
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WATCHLIST UPDATE:
Regardless of any market status, I still run stock screens on a daily basis to always have a current watch list ready. This weekend, while reviewing well over 200 charts, I found 8 new stocks to add to our watch lists.
There are now 20 stocks that we will be watching for a traditional break out to new highs this coming week.
You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.
Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.
_________________________________________________
James’ Flagship Weekly Newsletter.
Now You Can Request a
Complimentary Copy of…
The Sunday Stock Report –
James’ long-running weekly newsletter is completely focused on only highly-ranked stocks which match up very favorably with the proven and winning guidelines.
It features only about 6 – 12 stocks on average in a weekly watch list.
We’ve found that this watch list is ideal for short-term 0r intermediate-term traders, as well as longer-term investors.
Each stock has both strong fundamentals for potential longer-term growth and the solid technical characteristics which may be more appealing to shorter-term traders who like to buy breakouts and sell a few days later with good profits.
NOTE: On SUNDAY THERE WERE A TOTAL OF 10 STOCKS on the watch list in the current issue. As of Wednesday morning, there are now 6 stocks as 4 have already broken out this week.
REQUEST YOUR COMPLIMENTARY COPY HERE
_________________________________________________
_________________________________________________
About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace. Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.
_________________________________________________
Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.
– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
It’s already been a busy 2019 as we have had 3 breakouts, each from several of my watch lists. There has also been 1 short, which triggered Tuesday, from the two stocks which I had on the ShortSetUps WatchList.
Below is an update on all 4 of these stocks which have been our only actionable trades so far this week.
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
On Monday, we had two breakouts confirm a BUY signal as both DORM and FIVN traded above their posted TRIGGER PRICE while also making their TRIGGER VOLUME.
Shares of DORM quickly started trading higher on Monday’s open, with a sharp increase in volume. This bullish action triggered a BUY signal as price rose above the posted TRIGGER PRICE of $91.42 mid-morning, while volume was well on pace to make the stock’s TRIGGER VOLUME.
Unfortunately, the stock did pull back that afternoon and close the breakout day below the TRIGGER PRICE. Of course, this is never a good sign. So, that was already 1 technical strike for this breakout.
Tuesday’s action did not add any reassurance as shares closed down another -1% with volume up +85%. The stock closed just under its 1st SUPPORT. Any further declines would be tough to tolerate.
Chart courtesy of stockcharts.com
FIVN is from the TrendLine SetUps WatchList and it broke out Monday morning with gap open – backed with a +113% increase in volume. The stock made some decent follow-through gains Tuesday, with continued volume conviction, and a close at the session highs (+2.3%). Looks poised to move higher as soon as Wednesday morning.
Chart courtesy of stockcharts.com
From the Technical SetUps WatchList we had CIEN also broke out on Monday. Volume was not as much as we normally like to see being only +15%, however, lower volume breakouts can still work out in an up-trending market.
Chart courtesy of stockcharts.com
On Tuesday, we had one of the two stocks which were on the ShortSetUps WatchList trigger a SHORT by default as shares of ANTM headed lower.
Volume on the session showed a +78% increase above normal levels. However, the fact that shares closed well off of the session lows, is a concern, especially considering the present bullish environment.
Further upward trading tomorrow would be a concern, any gains above the 200-day moving average ($253.10) would be an appropriate place to cover with a manageable -3%~ loss.
Chart courtesy of stockcharts.com
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Regardless of market conditions, I am always preparing a watch list of high-ranked leaders which are building bullish technical bases.
We now have a total of 9 stocks which we will be watching for a potential breakout.
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
Missed any of these morning reports? You can find all previous reports here.
As always, if anyone has any questions – please feel free to email me at james@jamestaulman.com as I would be glad to assist you. _________________________________________________
About the Founder: 
James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace. Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks. _________________________________________________ Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.
– James F. Taulman, former Editor-in-Chief of the 1st independently licensed website to offer stock reports & services based on the CAN SLIM® investment system.
Here is a mid 30-minute portion of a seminar James did previously, which seems extremely timely to release this weekend
This video takes you through the process of – after a stock becomes a BUY.
INCLUDING:
- – How to set your stocks SUPPORT LEVELS
- – The proper use of the MAX STOP LOSS GUIDE
- – James’s – “3 Pillars of Analysis”
- – Your Stock’s “Vitals” – How to Calculate Daily
- – Sorting Your Portfolio – Strength vs. Weakness
- – Technical Signs of a Stock’s Strengths and Weakness – in your individual holdings.
Simply press the play button below to begin.
The first 1:30 is a quick review from the previous presentation where James discussed setting up a watch list.
Q&A: Have a question or comment about this presentation?
– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.from
Below is an update on the last 5 stocks which were BUYS from my watch lists.
The stocks below first appeared with detailed trading criteria on my Technical SetUps WatchList or my TrendLine SetUps WatchList (only available in my Personal Portfolio Service).
UPDATE: LAST 5 BUYS FROM MY WATCH LIST
| SYM | LAST | ADDED TO WATCH LIST | BUY PRICE | BUY DATE | MAX BUY PRICE | % P/L |
| STOR | $30.85 | 12/3/18 | $30.78 | 12/6/18 | $31.85 | +0.23% |
STOR – Actually first broke out on 12/2, yet clearly confirmed a BUY signal on Thursday. Held up great during market pullback.
| SYM | LAST | ADDED TO WATCH LIST | BUY PRICE | BUY DATE | MAX BUY PRICE | % P/L |
| ICLR | $141.96 | 12/2/18 | $147.03 | 12/3/18 | $152.25 | -3.45% |
ICLR – Pulled back intra-day Thursday to near support of the 200-day moving average. Closed above its 50-day moving average.
| SYM | LAST | ADDED TO WATCH LIST | BUY PRICE | BUY DATE | MAX BUY PRICE | % P/L |
| EL | $141.39 | 12/2/18 | $147.33 | 12/3/18 | $154.70 | -4.03% |
EL – Abruptly pulled back (on lighter volume) along with the market selloff just after breaking out. Remains above its 50-day moving average.
| SYM | LAST | ADDED TO WATCH LIST | BUY PRICE | BUY DATE | MAX BUY PRICE | % P/L |
| SUI | $108.32 | 11/24/18 | $103.84 | 11/30/18 | $109.03 | +4.31% |
SUI – Confirmed a BUY on 11/30. Never pulled back. Solid gains today to new all-time highs with volume conviction.
| SYM | LAST | ADDED TO WATCH LIST | BUY PRICE | BUY DATE | MAX BUY PRICE | % P/L |
| AMED | $135.48 | 11/15/18 | $127.24 | 11/16/18 | $128.94 | +6.48% |
AMED – Confirmed our BUY back in mid-November. Continued making new all-time highs. Positive reversal on Thursday, helps continue bullish bias.
YOU CAN REQUEST A COMPLIMENTARY COPY OF JAMES’ COMPLETE WATCH LIST HERE
– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.from
As I mentioned in last week’s newsletter “Indices Makes New Lows – REITs Set Up – 4 New WatchList Additions” – I seen several Real Estate Investment Trusts showing up in my screens and added a few to the watch list last week, and we had two of those break out this past week.
I added another new REIT to our weekly watch list this weekend as it looks poised to breakout out on Monday.
We now have a total of 4 stocks which we will be watching for a potential breakout this week.
YOU CAN REQUEST A COMPLIMENTARY COPY OF JAMES’ TECHNICAL SET UP WATCH LIST HERE