James F. Taulman

"Covering High-Ranked Market Leaders for More Than 20 Years"

Category: BreakOuts Page 1 of 2

During Pullbacks – Watch Price/Volume and Important Support Levels

– 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.

4:30 PM – BREAK OUT UPDATE

With this week’s rotation out of leading growth stocks, we got stuck playing some defense. At least we’re able to reaffirm some of our basic trading disciplines. Guidelines which we’ve presented for nearly 20 years – such as the importance of our 1st and 2nd SUPPORT levels, along with the basic 50-day moving averages, daily price/volume action, chart trendlines, and our MAX STOP LOSS GUIDE.

Here is one example using one of our current breakouts:

IHS Markit Ltd. (INFO – NYSE)

Markit Ltd. was a global financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing. The company provides independent data, trade processing of derivatives, foreign exchange and loans, customized technology platforms and managed services.

9/15 UPDATE: This recent breakout actually traded higher on Monday morning, before selling off in the afternoon. Shares held right at our previously noted 1st SUPPORT ($66) on Tuesday with the low being $66.01.

At that point, the 50-day moving average started to come into play and as I have explained previously – that can draw the price a bit lower – which happened on Wednesday.

SYM LAST ADDED TO WATCH LIST BREAKOUT
PRICE
BREAKOUT DATE
INFO $67.86 8/10/19 $66.17 9/3/19

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY PRICE 1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE % GAIN/LOSS
$69.48 was: $66.00
now: 50 DMA
was: 50 DMA
now: $62.00
$60.88 +2.55%

The stock did hold well above what was our 2nd SUPPORT of the 50 DMA.

Thursday’s gains were bullish as shares advanced better than +3% with a +65% increase in volume, putting the stock back near the previous Friday’s new highs. The volume-backed gains continued the following day and that had us end the week with a +2.5% position gain.

All of the ranks for INFO remain very high and shares are well above the 50-day moving average with little resistance in the way of further gains.

In this week’s Sunday Stock Report, I take a closer look at how the principles shown above should have been applied during the past week’s shakeup.

You can now receive this week’s Sunday Stock Report, and also get my watchlist for the week, when you request your complimentary copy here.

_________________

Receive a Complimentary Copy of my…

Sunday Stock Report

_________________________________________________

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.

In a Week Where Growth Stocks Got Hit, What Can We Learn ?

– 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 – BREAK OUT UPDATE

With this week’s rotation out of leading growth stocks, we got stuck playing some defense. At least we’re able to reaffirm some of our basic trading disciplines. Guidelines which we’ve presented for nearly 20 years – such as the importance of our 1st and 2nd SUPPORT levels, along with the basic 50-day moving averages, daily price/volume action, chart trendlines, and our MAX STOP LOSS GUIDE.

In this week’s Sunday Stock Report, I take a closer look at how those principles should have been applied during the past week’s shakeup.

You can now receive this week’s Sunday Stock Report, and also get my watchlist for the week, when you 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.

SAT 9/14: Recent BreakOut Fails – What to Look For…

– 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%).

Questions? – Click here.

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.

Questions? – Click 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.

 

BreakOut Update

We have had 6 breakouts from my watch list so far this week.

SYM LAST ADDED
TO
WATCH
LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
%
GAIN/
LOSS
TRI $70.66 9/1/19 $71.03 743,250 $74.58 -0.52%
MDLZ $56.14 9/1/19 $55.94 9/4/19 $58.74 +0.36%
MA $292.08 9/1/19 $283.43 9/4/19 $297.60 +3.05%
AKAM $92.54 9/1/19 $90.86 9/4/19 $95.40 +1.85%
ACGL $41.13 8/25/19 $40.30 9/3/19 $42.32 +2.06%
INFO $67.17 8/10/19 $66.17 9/3/19 $69.48 +1.51%

NOTE: All of the stock’s above first appeared on the watch list in James’ Sunday Stock Report. You can request a complimentary copy here.

Questions? – Click here.

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SUN 6/23: This Week’s BreakOuts From the Sunday Stock Report

– 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.


This past week we had 4 breakouts from the watch list in last week’s Sunday Stock Report.

NOTE: You can now request a complimentary copy of today’s Sunday Stock Report with the complete watch list (7-high ranked stocks) for next week 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.

#1 Stock of the May 2019 BreakOuts

– 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.


So far, for the month of May 2019 we have had a total of 4 breakouts from the weekly Sunday Stock Report Watch List.

Three of those (in the table below) have pulled back modestly, yet do remain above support.

One, Atlassian (TEAM) continues to hold onto its gains, as it closed the week at new all-time highs.

SYM LAST ADDED
TO
WATCH
LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX BUY PRICE CURRENT % GAIN
/LOSS
DRI $120.13 5/4/19 $122.47 5/20/19 $128.59 -1.91%
TWLO $133.90 5/12/19 $137.50 5/16/19 $144.38 -2.62%
MMC $95.38 5/4/19 $95.92 5/10/19 $98.57 -0.56%
TEAM $129.52 5/2/19 $117.16 5/8/19 $123.02 +10.55%

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

This very highly-ranked, fundamentally sound, leader was first added to the Sunday Stock Report Watch List on May 5th.

Shares broke out late-afternoon on 5/8 as they traded above our posted TRIGGER PRICE of $117.16 while volume was running twice the normal rate.

CONTINUED 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.

 

Latest BreakOut Follows Through Today with +6.9% Gains

– 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.


NOTE: This BreakOut was featured in my…
Stock WatchList: Morning Update

Before each market open I email out a watch list of hand-selected, high-ranked stocks with specific buying criteria, know as my “Stock WatchList: Morning Update”. Then, throughout the trading day, I issue BreakOut Alerts for any stocks from that watch list which trade above their posted TRIGGER PRICE.

Atlassian Corporation Plc. (TEAM – Nasdaq)

This very highly-ranked stock has been featured each morning in our Stock WatchList: Morning Update starting last Thursday (5/2).

Shares broke out late afternoon yesterday as they traded above our posted TRIGGER PRICE of $117.16 as volume was running twice the normal rate.

This leader closed its break out day at the session highs and at a new all-time high.

CONTINUED HERE

 

This Week’s BreakOut Update

“Stock WatchList: Morning Update”

– 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.

The BreakOut(s) below first appeared in our…
Stock WatchList: Morning Update

NOTE: Before each market open we deliver our watch list of hand-selected, high-ranked stocks with specific buying criteria, know as our “Stock WatchList: Morning Update”. Then, throughout the trading day, we issue BreakOut Alerts via email and text message for any stocks from that watch list which trade above their posted TRIGGER PRICE.

Below is every stock from the daily morning watch list which broke out above their TRIGGER PRICE this past week.

Questions? – Click here.

This past week we had 5 breakouts from our weekly watch list of 6 stocks.

Here is an update on all of this week’s breakouts.

SYM LAST ADDED TO WATCH
LIST
BREAK
OUT PRICE
BREAKOUT
DATE
MAX BUY PRICE  CURRENT % GAIN/
LOSS
MPW $18.54 3/17/19 $18.70 3/21/19 $19.64 -0.86%
SBUX  $71.96 3/17/19 $72.28 3/20/19 $75.89 -0.44%
GIB $67.45 3/7/19 $68.27 3/19/19 $71.68 -1.20%
WING $72.36 2/27/19 $72.32 3/19/19 $75.94 0.06%
NICE $117.00 3/17/19 $119.35 3/18/19 $125.32 -1.97%

Major Averages and Recent BreakOuts Negatively Reverse

This past week we had 5 breakouts from our Stock WatchList: Morning Update.

Here is an update on all of last week’s breakouts.

1 – Medical Properties Trust, Inc. (MPW -NYSE)

This is our most recent breakout as shares cleared their TRIGGER PRICE of $18.70 mid-session, Thursday.

The stock continued trading above there until about mid-day Friday when it struggled along with the broader market (Dow -400).

This breakout closed that day at the session lows, just under the TRIGGER PRICE, as volume was lighter the average.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
MPW $18.54 3/17/19 $18.70 3/21/19 $19.64

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$18.50 50 DMA
($17.74)
$17.06 -0.86%

Shares now are basically at our 1st SUPPORT of the previous lows as of Friday’s close.

We also have near-coinciding support of the 50-day moving average, currently at $17.94.

A break below there would be a serious technical violation and a SELL signal.

Questions? – Click here.

2 –Starbucks Corporation (SBUX – Nasdaq)

This leader had been featured several times over the past months as it was first published in our special report on Oct., 14th – “High-Ranked Pullbacks to Support”.

On Jan., 20th it was added to our TrendLine SetUps WatchList where it broke out the following day, before getting in a solid uptrend to new all-time highs.

Shares then consolidated there, above $70, and built another base to buy off of. This stock was then added to the Technical SetUps WatchList, where it broke out on Wednesday.

However, it only traded above the TRIGGER PRICE of $72.28 very briefly that day (<5 mins).

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
SBUX $71.96 3/17/19 $72.28 3/20/19 $75.89

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
50 DMA
($68.79)
N/A $66.20 -0.44%

This breakout (like many this week) did close its breakout day well off of the session highs.

Shares did manage to trade back above their TRIGGER PRICE Thursday afternoon, and again briefly mid-day Friday.

SBUX is holding up relatively well, and it is now trading in a nascent uptrend staring with the lows on 3/8.

Considering our 1st SUPPORT is ~4% below Friday’s close, any above average volume declines with a break below that upward trendline would be a cause for some concern, especially if the broader market can not negate the recent bearish action.

Questions? – Click here.

3 – CGI Inc (GIB – NYSE)

This breakout only briefly traded above its TRIGGER PRICE of $68.27 near the open on Tuesday’s trading.

Then ths stock went on to negatively reverse the breakout day as it closed with a loss.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
GIB $67.45 3/7/19 $68.27 3/19/19 $71.68

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
50 DMA
($66.37)
$65.00 $62.05 -1.20%

There may be some initial areas of support at most recent lows, and the coinciding round-$67. At the least, this would be a key area to watch, on the downside.

Interested investors could still add this stock to their watch list, with the current TRIGGER PRICE of $68.27.

With that being said, I am putting our official 1st SUPPORT at the 50-day moving average, currently at $66.37.

Barring a new breakout, this stock looks likely to test there eventually.

Questions? – Click here.

4 – Wingstop Inc. (WING – Nasdaq)

This leader nearly broke out on Monday as price progress that day was rather ideal with shares basically making a steady climb, then closing the breakout day near the highs, yet missed making our TRIGGER PRICE by <.20 cents.

The stock then did officially trade above its posted TRIGGER PRICE of $72.32 very briefly on Tuesday.

Like several others, shares closed the breakout day lower.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
WING $72.36 2/27/19 $72.32 3/19/19 $75.94

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$71.00 50 DMA
($67.86)
$66.57 +0.06%

The stock managed to climb higher throughout the week until hitting its peak Friday morning, before pulling back and closing the week just slightly above the TRIGGER PRICE.

Going forward, a break below the stock’s upward trendline would be the first concern.

There is some support near $71, then below there is the 50-day moving average, currently at $67.93, if things were to get that ugly.

Questions? – Click here.

5 – Nice Ltd (NICE – Nasdaq)

This was one of the few, if not the only breakout we’ve had recently with any real increase in volume.

Shares gapped open on Monday morning and traded above their TRIGGER PRICE of $119.35 while volume was +62% above normal.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
NICE $117.00 3/17/19 $119.35 3/18/19 $125.32

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
50 DMA
($112.78)
200 DMA
($110.75)
$107.64 -1.97%

The following day shares did pull back slightly, yet volume was half the regular rate, and this action was not too much of a concern.

Shares continued to modestly drift lower through mid-week, until Friday when there was a (non-news) gap down as volume remained below average.

An eclipse of Friday’s low would be a serious concern as there is no real support until the 50-day moving average, which is currently at $112.78.

Questions? – Click here.

_________________________________________________

WATCH LIST UPDATE:  We now have a total of stocks which we will be watching for a traditional breakout to new highs this coming week.

 

This Week’s BreakOuts From Our….

“Stock WatchList: Morning Update”

– 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.

The BreakOut(s) below first appeared in our…
Stock WatchList: Morning Update

NOTE: Before each market open we deliver our watch list of hand-selected, high-ranked stocks with specific buying criteria, know as our “Stock WatchList: Morning Update”. Then, throughout the trading day, we issue BreakOut Alerts via email and text message for any stocks from that watch list which trade above their posted TRIGGER PRICE.

Below is every stock from the daily morning watch list which broke out above their TRIGGER PRICE this past week.

Questions? – Click here.

SYM LAST  ADDED  TO WATCH LIST TRIGGER
PRICE 
BREAKOUT
DATE 
MAX BUY
PRICE 
CURRENT
% GAIN/
LOSS
TEAM $98.98 1/27/19 $100.10 2/1/19 $105.11 -1.12%
GIB $66.34 1/27/19 $66.63 2/1/19 $69.96 -0.44%
LLY $120.80 12/30/18 $119.94 1/31/19 $125.94 +0.79%
NOW $221.51 1/6/18 $192.26 1/30/19 $201.87 +15.21%
STOR $31.67 1/27/19 $31.15 1/29/19 $32.71 +1.67%
CYBR $88.48 1/23/19 $81.98 1/28/19 $86.08 +7.93%

 

1 – Atlassian Corp. (TEAM – Nasdaq)

This is still a fledgling breakout as shares have yet to close above their TRIGGER PRICE of $100.10.

Also, Friday’s action is a bit of a concern with the stock ending well off of the session highs.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
TEAM $98.98 1/27/19 2/1/19 $100.10

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$105.11 UPWARD
TRENDLINE
($94.71)
50 DMA
($86.66)
$92.09 -1.12%

The company does have nearly the highest ranks overall and is the #1 leader in a great group.

Just need to see more bullish technical action in the form of volume-backed gains to confirm a BUY.

On the downside, use the upward trendline (blue-dashed) on the chart below as your guide. Shares have not closed below there since mid-November.

A break below there, then the next area to watch is $90 and the 50-day moving average which would come into play.

___________________________

2 – CGI Inc. (GIB – NYSE)

We had several “Computer” names break out this week as GIB also triggered a BUY signal on Friday.

The company did report earnings this week, however, I would not consider this an “earnings breakout”. Three reasons, 1) there was not that much volatility near the announcement, 2) nothing really very actionable in the release, 3) the stock actually broke out 2 days after.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
GIB $66.34 1/27/19 2/1/19 $66.63

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$69.96 $65.40 50 DMA
($63.00)
$61.29 -0.44%

Shares did close off of their highs Friday, yet only slightly.

Overall ranks are solid and the Computer sector is currently highly ranked as is the stock.

Going forward, the first thing to watch out for are any above-average volume declines which would lead to a break back into the base.

___________________________

3 – Eli Lily & Co. (LLY – NYSE)

Shares of this set up broke out on Thursday.

The stock made some slight gains on Friday and closed above the round-$120.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
LLY $120.89 12/30/19 1/31/19 $119.94

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$125.94 $118.50 50 DMA
($114.63)
$110.34 +0.79%

What is now of MOST importance for new shareholders is – management will report fourth-quarter and full-year 2018 results on Wednesday, before the market open.

A decision has to be made to either SELL or HOLD the selection before Tuesday’s close.

Investors are advised to analyze Monday’s and Tuesday’s action very thoroughly.

Those who choose to HOLD through earnings should be prepared for some expected volatility.

Questions? – Click here.

___________________________

4 – ServiceNow Inc. (NOW – NYSE)

This can be considered an earnings breakout from a portfolio perspective as the stock broke out the day before the company reported.

On Wednesday, this stock confirmed a BUY by default as it shares traded above our posted TRIGGER PRICE of $192.26 while the volume was well on pace to meet our TRIGGER VOLUME of 3,485,400 shares.

As we say – earnings breakouts can be more rewarding but do also carry more risk as there is expected price volatility near the release of the announcement.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
NOW $221.51 1/6/19 1/30/19 $192.26

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$201.87 ROUND NUMBER
$200.00
200 DMA
($181.80)
$176.87 +15.21%
Shares gaped open and traded considerably higher.

At this point, there is some support to at the $200 area but considering shares are so extended from there, any above average volume declines would be the first concern.

I will be watching Monday’s action to see if the stock settles in here or if the volatility continues.

I can guess many short-term traders are already out of this one with some good gains.

For those who have held – these types of “gap” breakouts on good earnings and guidance news can lead to continued stock gains.

___________________________

5 – Stor Capital Corp. (STOR – NYSE)

All this week shares made some decent gains without any technical concerns as the stock advanced with volume (until Friday).

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
STOR $31.67 1/27/19 1/29/19 $31.15

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$32.71 ROUND NUMBER
$31.00
50 DMA
($29.52)
$28.65 +1.67%

Friday’s action is a serious concern, and this stock should be watched closely for any continued weakness Monday morning.

If there is more selling with volume on Monday – that would be an initial SELL signal.

___________________________

6 – Cyberark Software Ldt. (CYBR – Nasdaq)

This stock broke out for us Monday morning and overall had a great week.

Tuesday’s slight pullback was a bit of a concern as it seemed liked shares could start reversing, however, Wednesday’s solid gains quickly negated that action.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
CYBR $88.48 1/23/19 1/28/19 $81.98

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$86.08 ROUND NUMBER
$80.00
50 DMA
($74.61)
$75.42 +7.93%

The stock is very highly-ranked and has solid fundamentals. Number #1 leader in a great group.

Hence, it has all the characteristics we look for in a stock to make considerable gains and like TEAM (above), and should be treated as a longer-term holding.

 

Questions? – Click here.

_________________________________________________

WATCH LIST UPDATE:  We now have a total of stocks which we will be watching for a traditional breakout to new highs this coming week.

 

BREAKOUT UPDATE: DORM – Support Levels Explained

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.

 

 

 

 

 

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