7/15/2013

ACAD: Top 50 momentum stock breakout



ACAD is number 3 ranked stock in Top 50 ranked stock by momentum. It was one of the highlighted stock for possible breakout for last couple of day. Stock had a breakout today and is up 8.7% as of now.

Stock shows all the character to look for in good momentum setup:

  • Series of narrow range days pre breakout
  • Orderly correction/pullback before breakout
  • Negative or low range day prior to breakout day.
  • Relative linearity in past move.
  • High volume breakout





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