Breakouts | stockbee



Looks like another day with 100 plus breakouts. More new sectors and stocks are witnessing high volume breakouts. Earning lead breakouts continue to work. Trucking and shipping are witnessing number of breakouts.

AGIX,Atherogenics Inc (Google  Yahoo  Earnings  Chart
ALGN,Align Tech Inc (Google  Yahoo  Earnings  Chart
ALTH,Allos Therapeutics Inc. (Google  Yahoo  Earnings  Chart
BTJ,Bolt Technology Corp (Google  Yahoo  Earnings  Chart
BYI,Bally Technologies Inc (Google  Yahoo  Earnings  Chart
CNW,Con-Way Inc (Google  Yahoo  Earnings  Chart
CPRX,Catalyst Pharmaceuticals (Google  Yahoo  Earnings  Chart
FBNC,First Bancorp Nc (Google  Yahoo  Earnings  Chart
FCL,Foundation Coal Holdings (Google  Yahoo  Earnings  Chart
FHN,First Horizon Natl (Google  Yahoo  Earnings  Chart
GIB,Cgi Group Inc (Google  Yahoo  Earnings  Chart
IEX,Idex Corp (Google  Yahoo  Earnings  Chart
IFON,Infosonics (Google  Yahoo  Earnings  Chart
ISSC,Innovative Solutions (Google  Yahoo  Earnings  Chart
ITW,Illinois Tool Works Inc (Google  Yahoo  Earnings  Chart
IXYS,Ixys Corporation (Google  Yahoo  Earnings  Chart
JDAS,Jda Software Group Inc (Google  Yahoo  Earnings  Chart
KRON,Kronos Inc (Google  Yahoo  Earnings  Chart
LPSN,Liveperson Inc (Google  Yahoo  Earnings  Chart
NBL,Noble Energy Inc (Google  Yahoo  Earnings  Chart
OIL,iPath Goldman Sachs Crude Oil TR Idx ETN (Oil) (Google  Yahoo  Earnings  Chart
PACT,Pacificnet Inc (Google  Yahoo  Earnings  Chart
PIR,Pier 1 Imports Inc (Google  Yahoo  Earnings  Chart
RGA,Reinsurance Group Of Am (Google  Yahoo  Earnings  Chart
RPRX,Repros Therapeutics Inc (Google  Yahoo  Earnings  Chart
RTI,Rti Internat Metal Inc (Google  Yahoo  Earnings  Chart
SSTI,Silicon Storage Tech Inc (Google  Yahoo  Earnings  Chart
STKL,Sunopta Inc (Google  Yahoo  Earnings  Chart
TCHC,21st Century Holdings (Google  Yahoo  Earnings  Chart
TSU,Tim Partcipacoes S.A. (Google  Yahoo  Earnings  Chart
TWI,Titan Internat Inc (Google  Yahoo  Earnings  Chart
UNM,Unumprovident Corp (Google  Yahoo  Earnings  Chart
USO,United States Oil Fund ETF (Google  Yahoo  Earnings  Chart
USTR,United Stationers Inc (Google  Yahoo  Earnings  Chart
X,US Steel Corp (Google  Yahoo  Earnings  Chart
YRCW,YRC Worldwide Inc (Google  Yahoo  Earnings  Chart
ZMH,Zimmer Holdings (Google  Yahoo  Earnings  Chart


F. said...

It looks like microcaps (IWC), small caps (IWM), and mid caps (MDY) are starting to gain relative strength. Also, they are lower risk than big caps right now; just look at big cap (DIA, SPY) runs from its May highs and how lackluster these have been.

Specifically, small cap growth (IWO) looks less risky than small cap value (IWN). Small cap biotechs like GNBT and AVII seem to be turning on again.

Growth stocks are looking to get back in vogue. This is good for the Q's.

F. said...

A stronger dollar and interest rate fears make overextended big cap value less attractive because the dollar will hurt their oversees earnings. Speculative growth does not hinge as much on earnings guidance.

Pradeep Bonde said...

You are right and I will have more on the rally in small cap in tommorrow mornings post. Since Monday the small caps are back in play. There were two days of 100 plus breakouts, most of them small caps. All my models started going in overdrive since Monday afternoon and lot of the kind of stuff which makes 25% plus kind of moves in quarter started breaking out. The specuative Amex index is already rallying for a week or so now. Both my RAPID and VIRGIN models have more signals than I can handle currently.
The ever changing cycles of market continues.

F. said...

The Q's are likely to explode upwards. The downside is limited here. Going to load up on the 44 calls.

Walter said...

quick technical question:

what is your working definition for "breakout" in contexts like this - "Looks like another day with 100 plus breakouts. More new sectors and stocks are witnessing high volume breakouts. Earning lead breakouts continue to work. Trucking and shipping are witnessing number of breakouts."

in some cases for the listed stocks, its (1) a new all time high... and in other cases its (2) a breakout above a recent high after which there was a breakout but not necessarily a brand new high...

is this list the result of a single scan?

Pradeep Bonde said...

Breakout is 5% move on higher volume than yesterday. The output is from single scan but I did not put up the full list. Volume for the day has to be higher than 100000.

( 100 * (C - C1) / C1) >= 5 AND V >= 1000 AND V > V1

The logic is 5% plus move in a stock is significant.2% in a sector or Index is significant.
Using that scan there were 153 stocks in the scan. To put that number in perspective till last week average number of breakouts were around 60.
I will have more on this during the day in seperate post.

Walter said...

thanks for the clarification - i was asking because in my my mind i was looking at your "price/volume" breakouts and trying to reconcile that with the trendlines, support/resistance lines, recent price action and not necessarily seeing "chart" breakouts


NO DooDahs said...

Could you base the move as a ratio of each stock's recent volatility as opposed to a flat 5% for everyone?

Volume as a ratio to recent volume on average as opposed to one day?

Pradeep Bonde said...

Either of the approach can be used but after experimenting with both I have some insights in to why one is preferable over the other.
Average volume comparisons are normaly used but remember any method of averaging( no matter what you use to reduce lag), gives you slower signal due to lag. Same is true of average volatility.