It’s been a good start to the new year, with breakouts in small to mid caps doing especially well. The number of breakouts increased in the last half of January with a total of 59 stocks breaking out (from the pool of around 800 companies that I follow). Once again oil, commodities and metal did well. Cement and railroads have also been surging.<\/p>\n
The screenshot below provides a glimpse of the SelfInvestors.com<\/a><\/strong> database screen that returns the top breakouts of the past 2 weeks. Please go here to see a larger view of the screenshot. <\/strong><\/p>\n <\/strong><\/p>\n 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\u00e2\u20ac\u2122ll need to <\/strong>sign up for premium membership<\/strong><\/a>. <\/strong><\/p>\n <\/strong> <\/strong><\/p>\n The biggest winner in the period was Empire Resources (ERS), which vaulted more than 30%<\/strong> after clearing all time highs above 14. In fact, many steel and aluminum stocks have done extremely well in the past couple weeks.<\/p>\n As a clear sign of strength of breakout stocks in the past couple weeks (and a good indicator of market strength as well), the worst performing breakout stock (First Republic Bank – FRC)<\/strong> dropped 8% from the breakout point. No other breakout ended the period with a loss larger than 3%.<\/p>\n There are some nice looking opportunities in this group.. I’m short on time tonight so I’ll leave the charts to you. However, if anyone would like a further analysis of any of the stocks above I’d be happy to add the chart at a later time.. Just go ahead and leave a comment.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" It’s been a good start to the new year, with breakouts in small to mid caps doing especially well. The number of breakouts increased in the last half of January with a total of 59 stocks breaking out (from the pool of around 800 companies that I follow). Once again oil, commodities and metal did … Continue reading Breakout Highlights<\/span>