– 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.
Today’s BreakOuts & Portfolios Update
The major averages are modestly lower in afternoon trading.
We have no new breakouts today.
2017 Portfolio – Updates
Below are stocks from our 2017 Portfolio which have noteworthy action today.
WWD – Pulling back today after just breaking out yesterday. Volume is much lighter and even actually below average.
Our 1st SUPPORT in the 50-day moving average, which is currently at $69.65.
BWA – Holding up after yesterday’s solid +2.2% gains.
DPZ – Solid gains today of +3% to new all-time highs as the company announced earnings this morning.
IR – Some declines today of -1.4% as volume is below average and shares are above support of the 50 DMA at $78.50.
AVGO – Reports earnings tomorrow (Wed.) after the close.
TrendLine Portfolio – Updates
Below are stocks from our TrendLine Portfolio which have noteworthy action today.
NTES – Inching to new all-time highs with an increase in volume.
INCY – After a solid gap open to new multi-year highs on Friday, and some follow-through gains yesterday, shares are off a bit today on lighter much volume.
MXL – Some declines today of -2%, yet volume is well below average.
CMD – Pulling back today -1.8%, yet volume is light in afternoon trading.
LCII – Declines today of -2.6%, yet volume is only about half to normal rate.
SCHW – Steep declines today of -3.9% with a sharp increase in volume of +214% as the company announced it is cutting it commission fees.
Next support is at the previous lows near $39.00.
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