3 Lots of repeat charts this week. All still looking great but missing the key ingredient; volume.
EXPE – Watch for a move above this descending trend line with above average volume.
FFIV – Looking for a move above $134 with solid volume. The move on 3.19.12 is a perfect example of why you want to see heavy volume to push a stock higher.
CF – I am watching $192.75 with above average volume.
VMW – $110 with volume. Nice low volume consolidation.
WYNN – Would like to see a move above $130.75 — Still looking good after clearing that descending trend line from last July.
EFX – The blue circles are just an example of exactly what I love to see a stock do. This is a text book example of a healthy stock working higher. Buy trigger is $44.55 with continued volume interest.
AMZN – Not sure if I am comfortable enough to swing this one yet. However, after clearing $196.50 on heavy volume I think it’s an easy move to $199.
AZO – Getting ready to clear this descending trend line. Watch volume. This low volume “pull back” is very healthy.
ENDP – It’s been in this base for a few months now. Watching the volume for confirmation for the next leg higher.
PII -This one had a real nice run on Friday. Watching for a follow through day tomorrow.
TWX – Another great move from Friday. Cleared this resistance on above average volume. Watching for confirmation.
Trade Safe,
@affluenzavirus
3 Responses to “Breakout Watch 3.26.12”
DJMarcus
nice job — if you go even further back on EXPE to both monthly and weekly charts, it’s pushing all time highs and it isn’t overextended on those time frames
affluenzavirus
EXPE is definitely one of my favs for this week. I’m hoping the volume is there.
marketwizard
These worked awesome today!