– 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.
BREAKOUT UPDATE:
Of the 23 breakouts that we have had for June – all but three closed up Thursday.
The day’s losers were ARCC (P/L: – 0.7%) which broke out on 6/10, BAM (P/L: -0.3%) and ULTA (P/L: -0.4%) which both just broke out that morning.
Tandem gains such as these may not seem that surprising considering the day’s bullish broader market action, however, six of those 20 closed today with a volume-backed gain to a new all-time high. These stocks are still showing signs of accumulation; several days – and in some cases weeks – after their initial breakout.
6 Leaders Close Today With Volume-Backed Gains to a New All-Time High
| SYM | LAST | ADDED TO WATCH LIST |
BREAK OUT PRICE |
BREAK OUT DATE |
% GAIN/ LOSS |
| OMCL | $90.73 | 6/16/19 | $85.32 | 6/18/19 | +6.34% |
| KDP | $30.91 | 6/13/19 | $29.86 | 6/17/19 | +3.52% |
| HCP | $33.29 | 6/2/19 | $32.33 | 6/17/19 | +2.97% |
| TNET | $70.42 | 5/23/19 | $65.19 | 6/7/19 | +8.02% |
| V | $173.74 | 6/6/19 | $165.84 | 6/6/19 | +4.76% |
| AWI | $98.15 | 6/2/19 | $89.54 | 6/3/19 | +9.62% |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
NOTE: These stocks are not being presented as potential BUYS at this time. All stocks must first be on a specific watch list to be considered potential BUYS.
NOTE: You can now start receiving James’ Technical SetUps WatchList each market morning through his BuyingBreakOuts website for only $9 a month 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.