WED 11/6: Two Stocks Near Buy Points on Solid Earnings


– 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.


WATCHLIST UPDATE:

No matter the market, I always have a current watch list ready. There are now 11 stocks that I will be watching for a traditional break out to new highs.

Here are 2 stocks from the list which looked poised to break out after just announcing strong earnings.

 

Shares of Fleetcor nearly broke out for us back on 10/28 as they came within 24 cents of the stock’s TRIGGER PRICE at $304.75. Since then, this Financial Services leader had drifted back to support of its 50-day moving average.

On Wednesday, the company announced earnings after the close which beat on EPS and revenues, while management raised guidance.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

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Wednesday morning, CGI which is a Computer-Tech Services company, reported strong Q4 and Fiscal 2019 results. Shares actually came very close to breaking out on that news as the stock blasted higher from support of the recent lows, on twice the normal volume.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

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NOTE: Members can access all of the stocks which are currently on the watch list. Each is listed with specific trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE here.

Questions? – Click here.

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BREAKOUT UPDATE: 

Our BEP breakout continued to make new highs Wednesday. Shares are now +13.5% above their TRIGGER PRICE of $38.04.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

NOTE: This stock was first listed on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.

Questions? – Click here.

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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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