Philip Morris International Inc. (PM: 51.82 0.00%) met our profit target today, but admittedly, the target was set too low.
The rest of the picks from yesterday are still valid.
We have one new pick for tomorrow, and that is The Blackstone Group L.P. (BX: 14.50 0.00%) .
The exit target is $17.11
Both previous CwH picks broke out and have met their target prices.
The screen has been yielding no picks for a couple weeks, but tonight’s picks have made up for that. I say that because visually, these charts are hot. Visual appeal may not translate into guaranteed profits, but if you have looked at lots of [...]
(EAT: 19.80 0.00%) made a delicious looking break out today, after being selected last Thursday by the Cup-with-Handle screen. The original post follows the chart below which shows the breakout.
(TCBI: 18.70 0.00%) is not making the screen anymore, but it still looks ripe for a breakout.
Brinker International, Inc. (EAT: 19.80 0.00%)
The target price for this [...]
Look, I know, its been a long time since I’ve posted any Cup with Handles. Truth be told, if I’m not trading a particular system, I tend not to update the signals daily, and then I forget about it and don’t post about it for about 4 months or so…So that is what has happened [...]
I know that there haven’t been very many cup-with-handles lately. Well there have been but the criteria I am using to find them is too specific, and needs to be relaxed.
Integral Systems, Inc. (ISYS: 9.58 0.00%) is a very nice setup. I would place a stop just below the handle low and use a [...]
There haven’t been a lot of these lately, which means the criteria may need to be loosened a bit to provide more opportunity.
Today’s CWH is an old Fly favorite, Hansen Natural Corporation (HANS: 42.20 0.00%) .
Placing a stop near $36.50 beneath the recent handle low and setting a profit target near the recent high of [...]
Well the first CWH gained 6.85%. I’m sure it is just a fluke, yet I choose to see it as a good omen.
Friday’s CWH watch is for (ISG: 18.85 0.00%) .
I’ve annotated the chart to show where I’m going to start testing for stops and profit targets.
I’m going to try using the [...]
