The number of breakouts over the past couple of weeks confirms my suspicions that leading stocks aren’t leading.  It’s a surprising divergence.   Usually, with a rise in the markets like we’ve had, I’ll see maybe 40 or so breakouts over a 2 week period, not 17. 

Some Highlights:

• Eleven breakouts finished the period with a gain, 4 with a loss and 2 finished flat.
• The biggest winner over the period was one of the top ranked retailers in the database, Coldwater Creek (CWTR), which broke out to a 19% gain following another outstanding earnings report.
• Two stocks win the coveted biggest loser award, dropping 9% each from their breakout points – Mesabi Trust (MSB) and LifeCell Corp (LIFC)
• Glenayre Technologies (GEMS) is showing the greatest demand of the 17 breakouts over the past 20 and 40 days with DI Scores of 71 and 78, respectively.

For a screenshot of the short list of stocks breaking out with a combined fundamental and technical score of 50 or above, please visit the following page.

The screenshot shows only those breakouts with a combined fundamental and technical score of 50/60 or above.  To see the entire list as well as many other screens you’ll need to sign up for premium membership.

I’ve got some hoops to go watch so I just wanted to highlight one stock quickly that I think represents one of the best opportunities in the market right now.. I’ve been mentioning this one to my premium members over the past couple of weeks and it still remains in what could be called a "buyable range" (within a few percentage points of the breakout point of a long 2 year base).  Notice the up versus down volume, its outstanding and today’s reversal occurred with light volume so not much of a concern there.  Keep an eye on this one.  Have a good night.