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Thursday, July 29, 2010

Breakouts


Here are today's top 4 relative volume breakouts. Strangely enough, right in the heart of earnings season, CTXS is the only earnings breakout of the 4.

2 comments:

Breakout Trader said...

Looks good, but none of these have historically done very well after breaking out...

David said...

Hi Breakout Trader,

Most breakouts don't do much after breaking out. I try to emphasize leading stocks or earnings breakouts (usually after the close) but the morning breakouts are usually just the top 4 relative volume breakouts (I can only fit 4 charts on my screen capture utility). If I see anything significant, such as a leading stock breaking out on earnings, I'll mention it, otherwise I work on the assumpion they are "crap" stocks.

Thanks for the input.

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