Breakout anticipation setups for swing traders | stockbee

8/27/2013

Breakout anticipation setups for swing traders

Stocks with momentum go up for some days and then consolidate or form range and then some of them breakout to upside. Not all consolidations or pullbacks are worth paying attention to. Quality of pullback tells you a lot about next likely move of a stock.

If a stock is being actively bought by funds or large speculators, because of their demand it will have very shallow correction and will show very narrow range days. Volatility becomes low during such periods. The low volatility period is followed by breakout.

Following stocks are selected from list of over 500 stocks with one year anchored momentum. They are currently in momentum pause phase on smaller time frame. Some of them can make explosive 3 to 5 days move that can be of 8 to 40% magnitude.

Stocks likely to breakout in next few days

HLF
BPI
WEN
TQNT
III
RGEN
GLF
WAGE
PTIX
AMED
FENG
GBCI
FDML
VRX
NUS

This list is published daily for the benefit of blog readers. 

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