Today’s Stock WatchList: Morning Update – 4/17/19

BuyingBreakOuts.com
“Morning WatchList & Intra-Day BreakOut Alerts”
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Today’s Stock WatchList: Morning Update – James Taulman

Today’s complete and updated watch list is below.

WATCH LIST UPDATE:

 

Standard rules apply – any gains above the stock’s TRIGGER PRICE while the day’s volume is at least on pace to make the TRIGGER VOLUME would have any of these setups confirming a BUY signal up to their MAX BUY PRICE by default.

* % FTP = A stock’s price percentage from its TRIGGER PRICE.

Keep in mind that when a stock breaks out – becomes potentially buyable – there are other factors to consider.

 
Volume on the breakout. A stock that is breaking out through resistance, with an increase in volume of +50% above the stock’s average volume (50 DAV), is showing more conviction and more demand. This is not saying – all lower volume breakouts will fail. Actually, we’ve seen many continue higher. If you have found that you did buy a stock that showed lower daily volume or volume under 50%, going forward – simply treat it as a regular trade.
 
Earnings BreakOuts. Many stocks from our watch list will break out during earnings season. Earnings breakouts can be more rewarding. However, these trades carry much more risk than traditional (non-news) breakouts. One also needs to consider – the strength/weakness of the fundamental news that was just released along with the forward-looking guidance the company gave, investors response to the conference call, etc. For anyone who is not familiar with – buying earnings breakouts – I suggest that they sit through a few seasons to study, paper trade, and show some profits, before applying actual capital.
 
As always, if anyone has any questions – please feel free to reply to this email, as I would be glad to assist you.