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U.S. House Prices Analysis and Trend Forecast 2019 to 2021

Leading Stocks Showing Bullish Action

Companies / Company Chart Analysis Nov 29, 2011 - 11:11 AM GMT

By: David_Grandey

Companies

Best Financial Markets Analysis ArticleAt All About Trends we have a saying:
On the 3rd to 4th day watch for a reversal. In this case UP.   We’re sure we don’t need to tell you Monday was DAY ONE.  Leading stocks are on a tear!
Take Buffalo Wild Wings-BWLD for example. Talk about taking flight!  We brought this name to you a few weeks back when we were talking about issues that had completed cups that were in the handle.

Monday BWLD broke out to the upside of what we used to call a handle that morphed into a big Pullback Off Highs (POH) clearly defined trend channel. Much like POH’s being the only pattern you’ll ever need to know the same can be said for trend channels.
Then there is Rackspace Holdings- RAX which is another name that also staged a nice controlled Pullback Off Highs and never broke the 50 day average. 
On top of that take a look at another name we own which many of you are familiar with which is Decker’s Outdoor-  DECK 
Currently we have a slew of names that we’ll want to consider stepping up to the plate while the getting is good verses chasing them 3-4 days later just in time for them to take a breather. 
Some names that broke to the upside Monday will give us a chance to be able to catch a backtest where we can jump on them intra-day but you have to be aware of them in advance so as to have the gun loaded and prepared.

By David Grandey www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

    David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

    © 2011 Copyright  David Grandey- All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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