Richard-James

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.


3:10 PM

The major averages are modestly mixed in the final hour of trading ahead of another 3-day weekend. This is the fourth such sabbatical this year.

After continuing to notch new highs earlier in the week, the market is relatively quiet today.

Still, we had a total of 9 buyable breakouts this week.

SYMBOL  BUY
PRICE
BUY
DAY
1ST SUPPORT  2ND SUPPORT  MAX LOSS GUIDE  P/L %
AER  $46.81 MON $45.00 50 DMA $43.07 -0.34% 
MBLY  $45.03 MON 200 DMA 50 DMA $41.43 +1.60% 
WAL  $51.29 MON 50 DMA $47.00 $47.19 +2.40% 
OCLR  $10.55 TUE $9.82 50 DMA $9.71 +3.70% 
CMA  $72.01 TUE 50 DMA N/A $66.25 +0.35% 
LNC  $72.25 TUE 50 DMA $65.23 $66.47 -1.08%  
BAC  $23.86  TUE $23.19 50 DMA $21.95 +2.85% 
KEY  $19.11  WED  $18.50 50 DMA $17.58 -0.78% 
TSM  $32.04  THU $31.30 200 DMA $29.48 +0.69% 

Updates on those, along with all BUYS from 2017 that are still being covered, can always be found here.

One of our previous breakouts has some concerning action today. MLM announced earnings Tuesday morning and after experiencing some volatility, shares are making some new recent lows today.

As previously noted – “An eclipse of today’s lows ($221.36) would be the first concern.”  We are getting more of that again today.

This stock needs to make a stand at noted support of the previous lows ($216.00).

A break below there will have this selection being removed from coverage.


Chart courtesy of stockcharts.com – Click chart to enlarge.

Our TrendLine Portfolio stocks with noteworthy action today include…

TSEM – Solid gains today with an increase in volume.


Chart courtesy of stockcharts.com – Click chart to enlarge.

Any questions or concerns, of course, please email me at james@jamestaulman.com.

All 2017 BreakOuts Which Properly Confirmed a BUY Signal and are Still Being Covered

EDITORIAL NOTE: This NEW section is posted here.

CONTINUED HERE

Any questions or concerns, of course, please email me at james@jamestaulman.com.