As I continually preach – build a watch list of high-ranked, fundamentally sound leaders which are setting up in bullish technical bases of consolidation. When they break out, those are your buys.
Early each market morning I am diligently screening through hundreds of high EPS and RS ranked stocks that have solid fundamentals.
I am looking for those select few which are setting up in bullish technical bases and which looked poised to possibly breakout.
For the few I find, I assign each their own specific trading criteria such as a TRIGGER PRICE and MAX BUY PRICE and add them to a report I call – the Stock WatchList: Morning Update.
If a stock from that morning report breaks out above its TRIGGER PRICE, I then issue a BreakOut Alert.
From there the breakout’s volume is checked and monitored, and if the day’s volume is at least on pace to be +50% above the average daily volume, then that particular stock is confirming a BUY signal.
Simple as that.
This Past Week There Were Two High-Ranked Buyable BreakOuts From the…
Stock WatchList Morning Update
#1 Incyte Corporation (INCY – Nasdaq) focuses on the discovery, development, and commercialization of proprietary therapeutics in oncology in the United States and internationally.
This stock was included in the Stock WatchList: Morning Update that was emailed to all subscribers at 8:30 AM on the morning of 11/30.
I noted in this past Monday morning’s report at 9:15 AM – “Our INCY broke out above its downward trendline on Friday (1/6) with a +31% increase in volume. Just watching to see if shares can clear resistance on the previous highs (near$110) in the same fashion.”
Shares made a news-based break out that morning as INCY opened with a gap up above the stock’s TRIGGER PRICE of $110.05. Volume was noted then as confirming a BUY signal.
Chart courtesy of stockcharts.com
In an afternoon update I noted that “gap opens” such as this one can be tough to buy, and may continue to be volatile, so caution is advised for those who may have bought by default this morning.
Shares did hold up the following session, yet sold off on Wednesday with above average volume.
The stock was quickly back to making gains on Thursday (+2%), however volume did lack conviction.
Friday’s action was muted with quiet trading ahead of the 3-day holiday weekend.
Going forward, any trading below the recent lows ($112.50) would be the first concern, especially if an eclipse of that level is coupled with above average volume.
#2 AngioDynamics, Inc. (ANGO – Nasdaq) designs, manufactures, and sells various medical, surgical, and diagnostic devices for vascular access, surgery, peripheral vascular disease, and oncology in the United States and internationally.
This stock is highly-ranked and has a very good fundamental history.
It was first included in the Stock WatchList: Morning Update report that was emailed to all subscribers on 11/20 at 8:30 AM.
It broke out this past Friday, as shares traded above the posted TRIGGER PRICE of $17.74, and a BreakOut Alert was emailed at 11:27 AM that morning.
In that BreakOut Alert I said – “At this point the volume is confirming a buy signal.” This was as the stock was trading at $18.01.
Chart courtesy of stockcharts.com
For those who may have bought this latest breakout, the stock did pull back a bit from the highs, yet still posted a solid +3% gain on Friday as the volume was twice the normal rate.
As with any fresh breakout, this stock needs to be closely monitored.
A pullback into the previous base (the highs $17.50) would be the first concern, especially if those declines are coupled with an increase in volume.
Support below there is offered by the 50-day moving average, which is currently at $16.72 and -6.5% below Friday’s close.
From there we have the previous lows for support at $16.
Looking for More?
Why not upgrade your BuyingBreakOuts.com Membership to..
James’ Personal Portfolio Service:
PLUS: THE SUNDAY STOCK REPORT & BUYINGBREAKOUTS.COM
With this new service, I give my specific BUY, HOLD, SELL, SHORT, and COVER calls on select high-ranked leaders.
This new service is in addition to the stock selections which I currently manage at two websites – SundayStockReport.com and BuyingBreakOuts.com. I also run a private coaching service, and additionally work with individuals who are looking for particular trading ideas which may not fit into either of the two aforementioned website’s strategies.
James Taulman’s Personal Portfolio Service is designed to take only what I see as the most sound stock selections from all of the services which I currently offer. I present these stocks with specific buy points on a combined watch list (emailed daily), and not only do I alert members as to when a stock is a buy, but also when it is a sell. Shorting opportunities are also featured. This new service is basically how I use the information which I have available to me, to trade a personal brokerage account.
Each market morning Personal Portfolio Members receive my Stock WatchList & Portfolio Update report via email. It includes a brief market commentary, my watch list for the day, and updates with charts on all the stocks in the portfolio.
When a stock from my personal watch list become a BUY members receive one of my BUY: TradeTicket Alerts. When a stock from the portfolio should be sold, they receive a SELL: TradeTicket Alert. Same goes for shorts.
A membership to James Taulman’s Personal Portfolio Service also includes ongoing access to both the SundayStockReport.com and BuyingBreakOuts.com websites.
NOTE: All Sunday Stock Report or BuyingBreakOuts Members can use their current membership as a credit towards this new service.
Please see the bottom of the page for those instructions.
Questions ? Please email James directly at: firstname.lastname@example.org
“Just wanted to let you know how pleased I am with your services after 7 weeks. I have purchased AMBA, CAVM, SKX and am up a combined +38% on these three.”
– Alan T.
“Your picks are amazing. Anyone who trades stocks would be foolish not to subscribe to your service.”
“I have seen that many have benefited from the service and would like to understand how I can best use. I am very keen to learn from a successful CAN SLIM investor like you…”
“Thank you very Much!
Bought some stocks and have a gain in all three… Want to keep going! ”
– George Z.
“I completed my second trade as a result of your service yesterday. My first [a short selection from your service] where I got a 15% return in 2 weeks. I sold [my second, a long selection from your service] for another 15% gain in a little over 2 weeks. Anyway, some nice quick gains thanks to you.”
– Very Satisfied Subscriber
“James, thanks for pointing out GMCR. I had a 19% gain in just 7 trading sessions!”
– Satisfied Subscriber
“You have established for me that you know your stuff and you present it in a forthright way. I have taken your advice a number of times and related it to the IBD CANSLIM method as presented in the 100’s. Thanks again for your informative site.”
– Homer B.
“You appear to have a very workable formula for selecting successful stocks. Thank you for the information.”
– George K.
“I have bought several stocks using this information… so far they have done well for me.”
– Herman N.
“…very nice set ups and breakouts based on the Investor Business Daily stock selection method.”
– Thomas N.
For Current Sunday Stock Report or BuyingBreakOuts Members:
Here is how you can upgrade to this all-inclusive Personal Portfolio Membership and get the very valuable additional help which many have requested.
Sign up for James Taulman’s Personal Portfolio Service at the link above.
Choose either the $99 a month option or the $987 a year option.
Once we receive your information and your chosen term, we will then upgrade and credit your account.
For example, if you purchased a 1 year subscription for The Sunday Stock Report at $349, two months ago, you have 10 months credit ($290). Right? That credit will be applied, starting with your second month of the new portfolio service. So, in this example if you choose the $99 a month, you pay for the first month, then there would be no charge for the next three months for this new all-inclusive service.
If you choose the 1 year option, (first off you save $200) and then once we calculate your Sunday Stock Report and/or Buying BreakOuts credit, you will receive a refund for the difference. ($987 – REMAINING MONTHS = CREDIT BACK TO YOUR CARD)
Plus, if you try the new Personal Portfolio Service for 30 days and you are not happy, we will reset your current Sunday Stock Report and/or Buying BreakOuts membership as it was. So you do not risk losing your current membership terms or any months.
You will start receiving my new reports via email each market morning.
As always, if anyone has any questions – please feel free to email me at email@example.com as I would be glad to assist you.
About the Site’s Founder
For more than 8 years James had served as Editor-in-Chief an independently licensed website that offered stock reports and services based on the CAN SLIM® investment system.
He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy.
Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace.
Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.
REFUND POLICY: Monthly memberships are non-refundable.
DISCLAIMER: BuyingBreakOuts.com or James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.