Recent Breakouts
Our recent breakout scan returned a number of promising stocks for review.
We look for shallow corrections and Trend Index troughs above zero which indicate healthy buying pressure.
Australia
Steadfast Group Ltd (SDF) – Shallow trough and Trend Index trough above zero indicate long-term buying pressure. Breakout above 5.00 signals a fresh advance.
Canada & UK
No significant breakouts this week.
USA
California Water Service Group Holding (CWT) – Long-term up-trend. Breakout above 63.00 signals a fresh advance. Rising Trend Index indicates buying pressure.
More breakout charts below
Energy Recovery Inc (ERII) – Trend Index trough above zero indicates long-term buying pressure. Breakout above 23.00 signals a fresh advance.
Sensata Technologies Holding N.V. (ST) – Trend Index holding above zero indicates LT buying pressure. Follow-through above 63.00 would confirm another advance.
Ulta Beauty Inc (ULTA) – Long-term up-trend. Trend Index holding above zero indicates LT buying pressure. Follow-through above 410 would confirm a fresh advance.
A word of caution
The above stocks are selected on the basis of technical analysis and do not consider fundamentals like sales, earnings, debt, etc. Please do your own research. They are not a recommendation to buy or sell.
Quote for the Week
Success breeds a disregard of the possibility of failure.
~ Hyman Minsky
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Colin Twiggs is director of The Patient Investor Pty Ltd, an Authorised Representative (no. 1256439) of MoneySherpa Pty Limited which holds Australian Financial Services Licence No. 451289.
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