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.


3:05 PM

After being lower this morning, the major averages rebound and continue trending higher .

This morning I sent out a BreakOut Alert/Update which included 9 breakouts.

Since then we have another two stocks trading above their TRIGGER PRICE…

CMA – Currently shares are trading with a +41% increase in volume which is just shy of the required +50%. However, today’s volume is likely to increase in the final hour of trading. So, this stock could be bought here, or watched very closely into the close for the min +50% increase to be met.

KEY – Volume is -33% and this stock is NOT likely to confirm a BUY signal by session’s end.

Here is an update on this morning’s 9 breakouts…

LNC – As noted this morning – “Volume is currently +143% above average, and this stock IS confirming a BUY signal at this time.”

PRU – Volume is currently +23% above average, and this stock is NOT clearly confirming a BUY signal at this time. It may do so before the close if the volume increase becomes +50%.

SIVB – Volume is currently -33% below average, and this stock is NOT confirming a BUY signal at this time nor is it likely to before today’s close.

AER – Volume is currently +16% above average, yet this stock is NOT confirming a BUY signal at this time nor is it likely to before today’s close.

OCLR – Shares are now getting a little too extend to be comfortably bought here. As noted this morning – “Volume is currently +270% above average, and this stock IS confirming a BUY signal at this time.”

ZION – Volume is currently -28% below average, and this stock is NOT confirming a BUY signal at this time nor is it likely to before today’s close.

TMK – Volume is currently -63% below average, and this stock is NOT confirming a BUY signal at this time nor is it likely to before today’s close.

RF – Volume is currently -40% below average, and this stock is NOT confirming a BUY signal at this time nor is it likely to before today’s close.

BAC – Noted this morning as – “Volume is currently +77% above average, and this stock IS confirming a BUY signal at this time. However, volume has cooled in afternoon trading. If you bought earlier, just treat this like a normal trade. Volume is likely to pick up in the final hour.

Our TrendLine Portfolio stocks with noteworthy action today include…

INCY – Making some decent gains today after the company announced earnings.

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

LCII – Still experiencing some earnings volatility with some declines today, yet is trading well off of the morning lows.

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

EDITORIAL NOTE: This NEW section is posted here.

CONTINUED HERE

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