1. What are the two key mistakes beginners make in reading trends?  2. Which “key” chart pattern reveals a top or bottom is near?
3. What are the most reliable chart patterns? 
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Oct
16
2005
Top Breakouts (10.01.05-10.14.05)

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

Another dismal two weeks for breakouts just as it was at the end of September with a total of just 10 breakouts.  The two top ranked stocks breaking out in the first two weeks of October, HDFC Bank (HDB) and Netlogic (NETL) reversed sharply after breaking and are 13% off the pivot point.  However, half of the breakouts managed to produce gains led by Nutrisystem (NTRI), which ended the period up 11% from the pivot.

As always, you may see a larger version of the screenshot of the database.

Top_breakouts_101_1014

The stocks that did breakout and remain in a buyable range.. Online Resources (ORCC), Healthextras (HLEX), IRIS International (IRIS) and Adams Respiratory Therapeutics (ARXT) all look strong and may provide an opportunity for quick profits during a relief rally.

Filed under Stocks by Tate Dwinnell

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