Some good breakouts are showing up intraday | stockbee

5/01/2014

Some good breakouts are showing up intraday

It is a range bound action in indexes. But below the surface there is lot of bargain hunting in beaten down stocks.

PCLN , NFLX, DWRE, AMZN, ULTI and other stocks down 20% in recent weeks are having bounces. many of those bounces are 3 days old so further upside will be limited.

There are also some good breakouts on momentum stocks and stocks that held up well. Slowly things are improving. Unless we see more selling soon, a recovery rally may be the possibility.

As a swing trader I am looking for playable 3 to 5 days moves. Some of the good setups showing up in our scans are  VRX CAVM AMT TEVA BAX TK SUNE SEP DK DVA LEJU FF . 


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