Richard-James– 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.


TUE 1/22 9:00 AM – BREAKOUT UPDATE

UPDATE: Dorman Products, Inc. (DORM – Nasdaq)

NOTE: Dorman (along with CIEN see here) is one of the latest breakouts from my Technical SetUps WatchList which is emailed out each market morning at 8AM in my Stock WatchList Morning Update. Learn more here.

This holding continued to trade in its uptrend this past week. It remains highly ranked and there are no real technical concerns to note as of Friday’s close.

SYM LAST ADDED TO
WATCH LIST
BUY
DATE
BUY
PRICE
DORM $93.39 12/30/18 1/07/18 $91.42

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$95.99 $91.00 $86.86
50 DMA
$84.10 +2.15%

As I noted last week – DORM remains highly ranked and has been trading higher, in a nice steady uptrend, since finding support at its 50-day moving average on 12/10. Great group.”

Although I could raise our 1st SUPPORT to the recent low of the trend line ($92.24), I am going to keep it at $91.00 and pick up the coinciding previous highs of the base for additional support. Our 2nd SUPPORT is automatically raised as the stock’s 50-day moving average line advances.

Any declines from here, especially with volume, would be the first concern.

Questions? – Click here.

NOTE: Dorman (along with CIEN see here) is one of the latest breakouts from my Technical SetUps WatchList which is emailed out each market morning at 8AM in my Stock WatchList Morning Update. Learn more here.