– James F. Taulman, former Editor-in-Chief of the first independently
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This BreakOut was just featured in our…
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Atlassian Corporation Plc. (TEAM – Nasdaq)
This very highly-ranked stock has been featured each morning in our Stock WatchList: Morning Update starting last Thursday (5/2).
Shares broke out late afternoon yesterday as they traded above our posted TRIGGER PRICE of $117.16 as volume was running twice the normal rate.
This leader closed its break out day at the session highs and at a new all-time high.
SYM | LAST | ADDED TO WATCH LIST |
BREAK OUT PRICE |
BREAK OUT DATE |
MAX BUY PRICE |
TEAM | $124.97 | 5/2/19 | $117.16 | 5/8/19 | $123.02 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE |
CURRENT % GAIN /LOSS |
$115.00 | (50 DMA) $110.22 |
$107.79 | +6.68% |
Even with the pressure of the broader market, this latest breakout continued higher today with an additional +7% gains.
From here, any above average volume declines would be the first concern.
I am going to put our 1st SUPPORT at the highs of the previous base near $115.00.
Below there we have the 50-day moving average, currently at $110.22.
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Stock WatchList: Morning Update
NOTE: Before each market open we deliver our watch list of hand-selected, high-ranked stocks with specific buying criteria, known as our “Stock WatchList: Morning Update”. Then, throughout the trading day, we issue BreakOut Alerts via email and text message for any stocks from that watch list which trade above their posted TRIGGER PRICE.
Get ahead start on the day’s breakouts with our:
Stock WatchList Morning Update
Subscribe today. Try it – now, just $9 a month. Or get a discount – only $97 for an entire year, first 30-days risk-free. Learn more here.
PLUS: Get instant access to any current buyable breakouts and the latest watch list of high-ranked stocks which will be included in the next Stock WatchList: Morning Update. See which high-ranked stocks are breaking out or are looking poised to break out of their bullish bases.
Check Out Our NEW Secure Sign-up Process –
Please enter the email address of where you would like to receive your daily – Stock WatchList: Morning Update…
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About the Site’s Founder
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