– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
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NOTE: Over the past 2 weeks we had just 2 stocks break out from our – Stock WatchList: Morning Update.
Both stocks (seen below) were first featured in our…
Stock WatchList: Morning Update …before they broke out.
Each market morning we email our watch list of hand-selected, high-ranked stocks that are setting up in bullish technical bases of consolidation. Each “set up” is listed with specific buying criteria such as a TRIGGER PRICE, TRIGGER VOLUME, MAX BUY PRICE and more.
Throughout the trading day, BreakOut Alerts are issued (via email and text message) when a stock from the day’s watch list trades above its posted TRIGGER PRICE.
Here are all of the BreakOut Alerts from the Stock WatchList: Morning Update for the past 2 weeks.
For those who bought these breakouts, support levels have been updated.
#1 Apartment Investment and Mgmt Co (NYSE – AIV)
Apartment Investment and Management Company is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.
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This is our most recent breakout from the Stock WatchList: Morning Update.
Shares broke out of a flat base consolidation on Thursday and closed at a new all-time high (+1.5%), although volume did lag being -4% of the daily average.
A lack of volume can occur during a breakout and should be noted as a concern. In some cases, if there is an increase in volume the next session as shares continue to climb, that can be technically reassuring.
That was not the case with AIV as it continued up another +1.1% on Friday as volume actually shrunk by -28%.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
| AIV | $53.32 | 9/19 | $52.59 | 10/3 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE | 1st SUPPORT | 2nd SUPPORT | MAX STOP LOSS GUIDE | % GAIN/LOSS |
| $55.22 | $54.00 | 50 DMA | $48.38 | +1.39% |
Shares did end the week with a new all-time high close, just 2 cents off of the session high (all-time high).
The fundamentals, as far as the quarterly earning increase, are not increasing. However, the stocks ranks, except for the Acc./Dist rank, are strong.
The biggest concern at this point is the lack of volume during the stock’s 2-day sprint.
Investors are advised to watch this stock closely on Monday morning for any possible declines.
#2 Brookfield Renewable Partners LP (NYSE – BEP)
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly knownn as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Toronto, Canada.
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This breakout boasts solid ranks overall and is also ranked #1 in the #1 ranked group – Energy-Alternative/Other.
The company has been posting triple-digit percentage increases in their quarterly earnings for the past 3 quarters with the latest showing +600%.
The company is smaller in size with only 179 million hares outstanding.
Since breaking out for us two weeks ago, shares have continued making new all-time highs with strong volume conviction.
The stock has not triggered a SELL signal.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
| BEP | $39.70 | 9/19 | $38.04 | 9/23 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE | 1st SUPPORT | 2nd SUPPORT | MAX STOP LOSS GUIDE | % GAIN/LOSS |
| $39.94 | $38.00 | 50 DMA | $35.00 | +9.33% |
The gains, however, have put this stock obviously extended from support and its moving averages.
In this case, we can use the shorter-term 10-day moving average (currently at $39.97) as a guide and our 1st SUPPORT.
Any above-average volume declines would be the first concern.
A considerable break or close below the 10 DMA would be a SELL signal for shorter-term traders.
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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.
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Disclaimer: James Taulman nor buyingbreakouts.com 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.