Stocks that were going sideways for few months are having breakouts | stockbee

1/06/2012

Stocks that were going sideways for few months are having breakouts



We had 5 days of positive breadth with 3:1 stocks breaking out 4% plus.

As a result we have breadth thrust on 5 day cumulative breadth indicator.

Stocks that were going sideways for few months are having breakouts.

A 300 plus breadth day on negative side will indicate flagging momentum. Till you see that kind of selling the move still has power.

However high intraday volatility and shakeouts continue to be problem for putting close stops.

The trend of beaten down stocks making big moves continues.

The most attractive sector from momentum and 52 week high point is oil and gas.

CLR is one of the better looking Livermore kind position play.

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