4 Under The Radar Breakout Candidates
With equity markets across the board kicking off the week to new 2016 highs (some all time highs), it’s safe to say the bull trend remains in tact.
Breadth is strong as the list of stocks making new 52 week highs continues to expand.
Below is a short list of stocks emerging from actionable bases that could still have fuel left in the tank to move to the upside.
$INTC has consolidated for the past 5 weeks up against this $35 level which stretches all the way back to 2014 as a major level for this stock.
$OMC is a name we sent a trade alert out to members on this past Friday to get long as it made new weekly closing highs. This Monday it’s continuing strong and in motion to breakout from this 19 week consolidation. Still looks actionable, we are long.
$PII is an under the radar name that I’ve never looked at before, but it’s approaching key resistance after some healthy consolidation. Keep an eye on this $98 – $100 area for a breakout and continuation of trend.
$ATI after spending the past 13 days pulling back and consolidating in very orderly fashion, it looks like it’s trying to resume it’s uptrend today.
Hopefully some of these names are interesting, as always, double check the earnings calendar, and good luck trading.
By the way, these are the types of setups and names we look at and trade on a daily basis.
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