Breakout Anticipation setups for May 8, 2014 | stockbee

5/08/2014

Breakout Anticipation setups for May 8, 2014


SEM is one of the setups I am watching for possible breakout or breakdown from this narrow range. I do have bullish bias on it as it has held up well during market correction , but sometime these kind of setups also breakdown.

ANH is another stock I am watching for breakout. Both these stocks have formed an orderly consolidation which leads to explosive moves. Anticipation of breakout allows you to put tight stops.

Other stocks with similar kind of setup at various stages of development to monitor are:

PRSC RT AXAS TTM CAT LUV ATI AGN SWKS SANM JAKK GDP CVI GBX

Similarly one can find anticipation setups on short side. 

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