PERFORMANCE STUDY: All BreakOuts April 2016

April was a slow month for breakouts as we had a total of only six stocks break out from our:

Stock WatchList Morning Update

Our daily report includes a concise watch list of high-ranked stocks which looked poised to break out.

Here are the six breakouts we had for the month of April and how they have performed.

6) Thursday 4/14: BreakOut Alert!
Post Holdings, Inc. (POST – NYSE)          P/L: +0.99%

Post Holdings, Inc. manufactures, markets, and sells branded and private label ready-to-eat cereal products primarily in the United States, Puerto Rico, Canada, Mexico, and the Caribbean.

POST041916

 

5) Thursday 4/14: BreakOut Alert!
II-VI Incorporated (IIVI – Nasdaq)          P/L: -6.33%

II-VI Incorporated develops, refines, manufactures, and markets engineered materials and opto-electronic components and products worldwide.

This stock just broke out this past week as the company announced earnings. As we known, earnings breakouts carry more risk, and the news-induced breakout quickly failed the following day.

Shares closed the week under the stock’s 50-day moving average.

IIVI043016

 

4) Monday 4/4: BreakOut Alert!
Boston Scientific Corporation (BSX – NYSE)          P/L: +14.41%

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

This stock had a nice breakout earlier in the month, then shares held well above support of the previous highs (blue line on chart below).

This week the company announced earning and shares popped +11% on the news.

BSX043016

 

3) Thursday 4/14: BreakOut Alert!
Orthofix International N.V. (OFIX – Nasdaq)          P/L: +3.70%

Orthofix International N.V., a medical device company, provides reconstructive and regenerative orthopedic and spine solutions to physicians worldwide.

This stock broke out in mid-April and has been a bit volatile.

The company announced earnings on Thursday.

Shares have maintained support of the previous highs (blue line on chart below).

OFIX043016

2) Monday 4/25: BreakOut Alert!
Emergent BioSolutions, Inc. (EBS – NYSE)         P/L: -5.10%

Emergent BioSolutions, Inc., a specialty biopharmaceutical company, develops, manufactures, and sells specialized products to healthcare providers and governments in the United States and internationally.

Shared timidly broke out on 4/25 as the volume that day did lack serious conviction.

From there it has been – straight declines as the environment has been unfavorable.

The stock closed the month at support, down -5% from the breakout price.

Any further deterioration below these levels would be the final sell signal.

EBS

 

1) Wednesday 4/27: BreakOut Alert!
Raytheon Company (RTN – NYSE)        P/L: -1.11%

Raytheon Company develops technologically integrated products, services, and solutions worldwide.

This stock just broke out on Wednesday on earnings. Earnings breakouts carry more risk.

Shares traded lower Thursday and Friday, yet closed the week above support of the previous lows.

RTN043016

 








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