GMCR confirmed breakout

S

Stocks4life

nice consolidation over the past month with some recent volume and a confirmed breakout last Friday above 48.53, may just keep on moving higher if the volume continues to trend higher also, imho...

CURRENT PRICE 48.91, just above resistance, 46.6 ± 1.91, type triple, strength 9

RESISTANCE ABOVE None.

SUPPORT BELOW -4.7% at 46.6 ± 1.91, type triple, strength 9
-15.9% at 41.12 ± 1.69, type triple, strength 5
-21.6% at 38.34 ± 1.57, type single, strength 5

BREAKOUT CONFIRMED breakout above 48.53, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 58.1, 18.8% Stop: 45.63, Loss: 6.7%, Profit/Loss ratio: 2.8 : 1 - Good

Stock chart:

GMCR_3_3.png


source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=GMCR
 
Thanks found another confirmed breakout today for SNTS which had some good volume into the close

CURRENT PRICE 13.72, just above resistance, 13.3 ± 0.27, type triple, strength 10

RESISTANCE ABOVE None.

SUPPORT BELOW -3.1% at 13.3 ± 0.27, type triple, strength 10
-6% at 12.89 ± 0.26, type single, strength 3
-16.7% at 11.43 ± 0.23, type double, strength 10

BREAKOUT CONFIRMED breakout above 13.57, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 14.9, 8.6% Stop: 13.25, Loss: 3.4%, Profit/Loss ratio: 2.5 : 1 - Good

Stock chart

SNTS_3_4.png


source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=SNTS
 
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