Wednesday Night’s Breakout Scan for May 1st
GST - great move off months of consolidation in the $1.25-1.40 level, this can support a move towards $2+ before higher consolidation around the $2 level.
The next four stocks are BORDER LINE BREAKOUT
WMG - Watching here for a $9 break it’s been consolidating just south of it for just over a week now.
BONT - has had about four days of consolidation, two days ago sold off to the high 7’s and recovered right back to its highs. Todays break was unsuccessful but the next attempt may break turning this into a multi day move.
STEC - Consolidating just above $9 - watch for a breakout above todays high around the $9.40 level. If it doesn’t it the next few days it may want to test the $9 level a few more times. More INFO.
HA - borderline breakout this may squeeze above $8 - watching for this breakout because this will turn into a multi day short in my opinion.
May 1st, 2008 at 11:50 pm
[…] and HA led the scan with breakouts from their consolidation patterns. BONT had a great day up just over 11% (or .99 […]
May 5th, 2008 at 1:07 pm
[…] on breakout scan jumped on strong Q1 and upbeat guidance. You can read more about that HERE. Other STEC blogs […]