3 Nice Looking Breakout Charts

Sponsored by the Dr. Stoxx Options Letter

We have had some rather volatile market action in recent trading.  Last Friday the major indexes printed its strongest 1-day selloff in nearly a month, followed by an uptrend day of equal strength.  Today, after all that up and down action, we had a quiet, mixed day of trading.

No matter.  I'm a stock picker.  So while I keep an eye on the general market, my attention is squarely on finding super high quality stocks.  I screen for fundamental growth and value, along with financial integrity and a strongly ethical corporate culture.  From there, I check the charts for technical opportunities.  

With that analysis done, I keep a watch list of stocks that pass muster.  On that list, I have three nice looking charts that I'll present to you today.  I currently have positions in each of these, as do some of my subscribers.

1. CSIQ: Canadian Solar

$2B market cap, 11.6 P/E, 8.1 forward P/E, 0.78 P/S, 209% eps Q/Q

Disclaimer: I own shares; subscribers to my Trend Trade Letter own shares

We have an extended period of consolidation following a sharp earnings-induced rally off the lows.  Look for price to resume the uptrend above $36.

2. CYBR: CyberArk Software

$2B market cap, 250% growth Y/Y, 43% eps growth next year, 120% Q/Q sales growth, recent IPO

Disclaimer: I own shares; subscribers to my Trend Trade Letter own shares

This cyber security software maker and retailer is running on all cylindars, and is gunning for a new IPO breakout high.  Watch the $70 level; above that is only blue sky.

3. HA: Hawaiian Airlines

$1.2B market cap, 8.2 forward P/E, 0.7 PEG, 0.5 P/S, recent estimate revisions higher

Disclaimer: I own shares; subscribers to the Dr. Stoxx Options Letter own covered calls

This growing regional airline should have an easy eps beat on Thursday.  There is a large overhead gap to fill, and shares are moving into that space as of today's breakout.

Posted to Dr. Stoxx Options Letter on Apr 21, 2015 — 6:04 PM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!