Stocks likely to breakout soon

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Stocks likely to breakout soon

November 12, 2013

Pradeep Bonde

We will know today if the market an continue its bounce. There has been widespread selling in momentum names but this market has shown tendency to quickly recover from such selling in last 18 months.

Not many stocks are setting up for breakout in momentum universe. After looking at over 500 stocks with confirmed momentum , I found these 4 as possible candidates to watch.

MKTX
ALGN
ZLC
SID

On the short side one possible good setup is JOY. The stock has lagged the market and sector is also lagging.

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