Steckler's Star Studded Stock Picks

What are your breakout parameters?

Breakout from a rectangular base or a symmetrical triangle. The rectangle on AP started forming on 8/16.

[peanuts]

Don't see where you're getting that breakout price from. The 30-day high was 31.85. ADV = 112,000 shares and volume right now is 107,000 shares.

$32.50 is within a +/- .1 range from the highest closing price since momentum was lost on at the end of May... that would be the breakout level, not the greed trap level of the previous high... This will run many points once it breaks $32.50 on strong volume (30% greater than ADV)

At least, those are MY parameters for a confirmed breakout. You seem to look shorter term. What are your breakout parameters?

Dave, I have breakout levels listed on my watchlist as $32.50, with +150K vol

IMO, it's not in breakout mode, yet.

Don't see where you're getting that breakout price from. The 30-day high was 31.85. ADV = 112,000 shares and volume right now is 107,000 shares.

[peanuts]

Pretty good volume, too.

Dave, I have breakout levels listed on my watchlist as $32.50, with +150K vol

IMO, it's not in breakout mode, yet.

Mpw

Nice consolidation underway; bullish Volume Flow Indicator on the daily chart and a 7.8% yield to boot.

AP breaking out

Pretty good volume, too.

[jiesen]

Schwiiiing!!!!!!!!!

yeah, I hear that, Dave! though it's got a ways to run, if the numbers come in anywhere near the rosy projections they always put out. we'll see by next week, I should think...

too bad I sold most of my XING at 6 though.

IIF triple top

At the 200DMA. Low ADX and rising stochastic suggests it might finally break through to the upside. It's also poking its head through the 38.2% retracement line (using the May high and the June low as end points).

Xing

Schwiiiing!!!!!!!!!

[Lyehopper]

GIGM on a tear again. Volume is already greater than ADV.

I find it amusing that management's top (three) guys first names are Arthur, Tom and Mike....

GIGM on a tear again

Volume is already greater than ADV.

PTSI basing

Has been moving sideways after the 12% up day last week. A test of the 50DMA (27.75) is likely.

WIRE moving on average volume

Very low ADX (11.9 and a rising stochastic suggests a test of the recent high near 40.

Bow tie candidates for next week

NTRI
RFIL
CTXS
MAN
TEN
TRBM
LSS
SF



1. The MAs shift from proper downtrend order (10-SMA < 20-EMA < 30-EMA) to proper uptrend order (10-SMA > 20-EMA > 30-EMA). What you're looking for is for the MAs to converge and then spread out again, giving the appearance of a bow tie.

2. Today's low must be less than yesterday's low.

3. Tomorrow, place a buy order 1 - 2 ticks above today's high good for tomorrow.

4. If not filled, continue to work the order above the prior day's high good for the next trading day until either filled or the stock trades below its 20-day EMA.

5. If filled, place a protective stop below the lowest bar in the setup.

Cooper 1-2-3-4 candidates for next week

MFB

Cooper candidates are stocks that have a high RS rank (95 or greater) and make a three-day pullback, either three consecutive lower lows or a combination of lower lows and inside days. Enter long on Day 4, 1 - 2 ticks above the Day-3 high. Use the exit strategy of your choice.

The trade can be worked one additional day (lower low or inside day on Day 4, enter long on Day 5 one - two ticks above the Day-4 high). If it doesn't pop on Day 5, abandon the trade.