HD breakout watch

S

Stocks4life

nearing a breakout with volume increasing

BREAKOUT WATCH for possible breakout above 65.48, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 68.67, 4.9% Stop: 64.27, Loss: 1.8%, Profit/Loss ratio: 2.7 : 1 - Good

CURRENT PRICE 65.47, at resistance, 64.76 ± 0.71, type single, strength 3

RESISTANCE ABOVE None.

SUPPORT BELOW -2.9% at 63.56 ± 0.7, type triple, strength 7
-5.3% at 62.01 ± 0.68, type triple+, strength 10
-9.2% at 59.43 ± 0.65, type double, strength 8
-13.6% at 56.55 ± 0.62, type double, strength 5

HD_1_21.png


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

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you should join Jim Cramer.. cheerleader.. . alot of stocks look like they are about to break out... as the index is sitting right at its highs..
 
cdcave

yes alot of stocks are ready to breakout but alot of them are also very overbought, so as the market sits near the highs you really need to be picky and pick the best ones. You need to work with the hand the market has given.
 
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