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3 Buyable Trendline BreakOuts Yesterday

Yesterday’s TrendLine BreakOuts From Our Set Ups

Yesterday morning I featured 9 stocks exclusively here in this daily morning report as trendline set ups.

There were 3 that broke out or continued making gains with volume conviction.

1) Textron Inc. (TXT – NYSE)

Broke out yesterday as shares traded above the downward trendline.

Closed the session up +3.83% with a +69% increase in volume.

As noted here yesterday morning – “Looks poised to breakout today.”

Besides any declines coupled with volume we now we have to watch for the resistance of the 200-day moving average, which is at $43.12 and about +3% above Wednesday’s close.

2) ServiceMaster Global Holdings, Inc. (SERV – NYSE)

Nice action yesterday with gains of +1.87% with a +77% increase in volume.

Shares closed the session near some previous highs.

Need to see how the stock trades today.

A break above those would be technically significant.

3) Check Point Software Technologies Ltd. (CHKP – Nasdaq)

Closed up yesterday +2.16% with a +85% increase in volume and near the session highs.

Had already cleared resistance of its 50 and 200-day moving averages.

Not much overhead supply left. Would need to see how the stock behaves if it reaches the previous highs made in May of $88. Those are just 4% above Wednesday’s close.

As always, any above average volume declines would be my first concern to watch out for.


NOTE: The above is an excerpt from my daily Stock WatchList & Portfolio Update.

This morning report includes my watch list for the day along with complete BUY, SELL, SHORT or COVER commentary on my current holdings.

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