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Tuesday, December 13, 2011

EDAC

EDAC was the most notable breakout I saw today, and one of the few that did not sell off badly into the close.  Earlier this year I did an informal study of stocks that make big gains in the span of a few months (and usually give them all back weeks later), and found that most begin with a gap up of 5% or more. This one had that gap in late July, and although it had a very sharp pullback immediately afterwards,it was the beginning of a very strong 5 month uptrend which is still going on. Gapping up 5% or more is no garantee that s stock is going into a monster uptrend, but one that does probably should be watched.

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