5 Stocks That Have Just Broken Out To New Highs
There are several different ways stocks break out to new highs, but if you buy into stocks that have gone too far too fast, you risk nasty drops. So, to reduce that risk, here are 5 stocks that JUST broke out. All are too expensive/slow moving for TIM, but probly not for some of you—especially new high lovers like Lindzon. In any case, let’s see how these guys fare over the next month, I’ll revisit them on March 24th.
A Sirius-tpye 1.35 billion share float can’t stop Brazilian cell phone play Vivo Participacoes (VIV) making a picture perfect breakout. Viva participado en la fiesta!
Equipment maker Flowserve (FLS) proves bribery is good business. Not even kidding, check this crap out.
Appropriately named Chinese medial maker China Medical Technologies (CMED) reports earnings on Thursday, 1.6 million shorts going into cardiac arrest.
Is it wrong that food safety expert Neogen (NEOG) prays for worldwide food contamination?
Tired of losing money in the stock market, people prefer losing money while sucking down free drinks at casinos, a strategy applauded by slot machine maker International Game Technology (IGT)
Disclosure: No positions
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
1Aegir
February 24th, 2008 at 5:34 pm
Tim as you see on all charts there the week between 14-22 jan all stocks went down, that do hurt most of the stocks, but I´ll look @ the picks tonight, thanks a lot.
2Aegir
February 24th, 2008 at 6:30 pm
btw
OT:
Have you checked about OFG.
3timsykes
February 24th, 2008 at 6:39 pm
OFG is an example of a stock thats run a ton already, a la SWC
4Dan
February 24th, 2008 at 7:02 pm
OFG. Price is rising, volume is falling. Bunch of divergences on technical indicators.
5Aegir
February 24th, 2008 at 7:02 pm
a la SWC??
What do you mean by that.
6Aegir
February 24th, 2008 at 7:10 pm
Yes true maybe the volume for OFG has been falling, but it wont fall forever, imo.
I do look on the trend charts, I got few others nice trend picks.
7Dan
February 24th, 2008 at 7:20 pm
AGIX about to break out. Check it out this stock is so undervalued.
8Aegir
February 24th, 2008 at 7:27 pm
But it is so flat, it is above both 30 & 50 MA that’s a good sign, biotechnolgy sector is going now, I dont know why, those company in this sector that i dont like.
9Alvari40
February 24th, 2008 at 7:28 pm
Tim,
Thx for the pics. Does your strategy ever include buying on the pullback to test support?
10Aegir
February 24th, 2008 at 7:30 pm
I think IGT will go, above 30-50 & 200 MA, nice.
11www.Technicalstockcharts.net
February 24th, 2008 at 9:13 pm
What about GG?
12timsykes
February 24th, 2008 at 9:22 pm
AGIX is another horrible penny stock, stop betting on longshots!
no testing support isn’t as reliable, even when it does hold you’re talking only 3-5%, I’m looking for 10-30% moves
GG is a commodity play, outside the rules of pennystocking
13Zykosis
February 24th, 2008 at 9:38 pm
How did you come across NEOG? I was unable to get it on my scans in TOS and stockcharts.com, unless you have been watching it recently?
14shaun
February 24th, 2008 at 10:11 pm
Thank you for sharing. I am a BIGGG breakout trader. I might be paying your webpage a few visits here and their to find some more stock that have just broken out.
http://www.stocks-simplified.com
15be-the-ball
February 25th, 2008 at 10:12 am
*SHZ, can’t find shares to short anywhere. grrrr
16timsykes
February 25th, 2008 at 10:30 am
NEOG, found it on clearstation tag and bag, gotta use multiple sources for your screens.
BTB how can u not find any SHZ, thinkorswim says they have plenty of shareS?
17JUDE
February 27th, 2008 at 7:02 pm
You note that VIV has 1.6mm shares, it is 1.6bb shares, huge difference
18timsykes
February 27th, 2008 at 8:27 pm
good find, most people understood though since i said “sirius-type”