James Taulman
0
All posts from James Taulman
James Taulman in James Taulman,

BREAKOUT UPDATE

This Semiconductor leader hails from a very good group, sports decent ranks, and has very good quarterly earnings comparisons. Annual earnings are estimated to fall off for 2014, yet 2015 is showing a potential +91% increase.

As noted in this week’s Sunday Stock Report: “Has built a nice saucer like base and looks poised to now break out. Any trading above our TRIGGER PRICE while volume is at least on pace to be +50% above average, would have it flashing our technical buy signal…”

It was an assuring sign on Wednesday morning to see further accumulation at the open, on the heels of Tuesday’s breakout gains of +6.5%.

From here, our standard technical strength vs weakness rules apply, and our posted support levels should be monitored. As of Wednesday’s close, a day and a half of trading, we have gains of +4%. No significant weakness thus far, yet as mentioned above – breakouts of this nature can be volatile.

SEE CHART HERE