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.


3:20 PM

The major averages are rather quiet today and so are nearly all of our previous breakouts/current holdings.

There are only a few with stand-out action today.

DPZ and PCH are trading rather higher with volume conviction, while SCHW is selling off and slicing support of its 50-day moving average.

Below are the latest portfolio updates on our previous breakouts.

The 10 Latest Stocks Which Properly Confirmed a BUY Signal

As I preach – continually monitor each of your holdings on a case-by-case basis and grade each one individually, sorting strength/resilience from weakness/violations.

Here is another detailed update to help further with that.

1) DPZ – Shares are trading +2 higher this afternoon with some volume conviction after a concerning pullback yesterday.

The stock did remain above our 1st SUPPORT of the previous highs at $170.00., yet any further declines would be tough to tolerate, and a considerable break below the 50 DMA ($165.88) a growing concern.

There is FINAL SUPPORT at the previous lows near $160.

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

TXN – Continues holding above 50-day moving average support today after selling off sharply with volume for 3 straight sessions earlier in the week.

Further support is at the 50 DMA ($74.11). A definitive close below there would be a SELL signal.

There is FINAL SUPPORT at the previous lows of $70.

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

ORBK – Sitting tight today after two-days of worrisome above average volume declines where shares pulled back from the new highs made on Friday.

The stock is still above our 1st SUPPORT which is at $33.90 (top blue line).

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

EXP – Quiet trading today after the stock had 5 days in a row of declines with 4 of those coupled with an increase in volume.

Shares remain above our 1st SUPPORT (top blue line on the chart) of the previous highs at $102.00. A break below there would be a concern.

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

MLM – Shares continue to hold up after Tuesday’s -2.4% declines with a +76% increase in volume which had the stock breaking below our 1st SUPPORT ($232.31).

Any trading considerably below our 2nd SUPPORT which is the 50 DMA ($225.47 – green circle) or a close below there would be a serious concern.

We do have some further FINAL SUPPORT at $220.00.

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

FLEX – After some above average declines for the past three sessions, shares are holding up today.

Still, the recent negative action is not negated.

The stock remains above our 1st SUPPORT of the highs of the previous base ($14.90 – thick blue line on the chart below), yet any further declines would be tough to tolerate.

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

IR – The company posted quarterly results yesterday morning, and those fell short of Wall Street expectations.

Shares continue trading in a rather tame fashion and holding above the 50-day moving average ($76.91 – green circle).

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

ASGN – Very quiet trading today.

This follows Tuesday’s solid gains which were made after a lighter volume pullback to our noted 1st SUPPORT of the 50 DMA ($43.95 – green circle)

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

MRVL – Holding onto yesterday’s gap up on an upgrade gains.

Shares have continually traded above our 1st SUPPORT which is $14.50.

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

AGX – After a negative reversal yesterday, on about half the normal volume, shares are considerably lower today.

Today’s volume remains below average, and the stock is holding support of the 50-day moving average ($70.09).

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


Updates on all previous TrendLine BreakOuts can be found below.

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

Today’s TrendLine BreakOuts Currently Trading Above Their Trigger Price

The stocks in this table are from the TrendLine SetUps WatchList and are trading above their respective TRIGGER PRICE, yet the volume for each stock at this time IS NOT confirming a clear BUY signal.

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Today’s TrendLine BreakOuts Confirming a BUY Signal

The stocks in the table are from the TrendLine SetUps WatchList and are trading above their respective TRIGGER PRICE, and the volume at this time IS confirming a BUY signal.

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Previous TrendLine BreakOuts – Portfolio

The stocks in this table are from the TrendLine SetUps WatchList and had previously traded above their respective TRIGGER PRICE while each also cleared their TRIGGER VOLUME, and became a BUY. They are now covered here (below) as holdings, and are being monitored for any weakness or SELL signals.

Previous TrendLine BreakOutsAnalysis & Charts

UPDATE: AngioDynamics, Inc. (ANGO – Nasdaq)

Shares may still test the rising 200-day moving average which is -4% below here.

As noted last week – this stock could have been sold to free up cash for fresh breakouts.


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

UPDATE: Incyte Corporation (INCY – Nasdaq)

Giving back the decent gains made yesterday.

Initial support remains at the previous lows near $113 (top thick green line on the chart). A break below there would be a concern, especially if those declines are coupled with an increase in volume.


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

UPDATE: Tower Semiconductor Ltd. (TSEM – Nasdaq)

Continues sitting tight at new highs as the volume is below average in afternoon trading.

No concerns.

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

UPDATE: Northern Trust Corporation (NTRS – Nasdaq)

Continues holding up today with quiet trading after a gap down of -4.6% on 1/18 as the company reported earnings results that did not meet Wall Street expectations.

We currently sit with about +10% gains.

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

UPDATE: PacWest Bancorp (PACW – Nasdaq)

Shares have pulled back right to the 50-day moving average ($54.08).

A break below there would be a concern.

Ranks are solid.

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

UPDATE: CommScope Holding Company, Inc. (COMM – Nasdaq)

Inching to new highs today on excessive volume. That is a bit of a concern.

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

UPDATE: Boardwalk Pipeline Partners, LP (BWP – NYSE)

Light and tight trading continues today as shares are just off of multi-year highs with no concerns.

Support is at the 50 DMA ($17.80).

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

UPDATE: VMware, Inc. (VMW – NYSE)

Shares remain pegged at new highs after a gap open on Friday as the company reported earnings that beat street 4Q forecast.

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

UPDATE: Potlatch Corporation (PCH – Nasdaq)

Solid gains again today with above average volume for a third straight session.

As previously noted – “…the stock remains below the 50-day moving average and below a downward trendline. A break above those would be technically significant.” 

We are seeing that today.

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

UPDATE: The Charles Schwab Corporation (SCHW – NYSE)

Shares are selling off today (-5.4%) with a sharp increase in volume (+85%).

They are slicing support of the 50-day moving average ($40.12).

We have +22% unrealized gains.

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

CONTINUED HERE