The Daily Breakout
August 6, 2008 – 9:15 pm
Stocks continue to breakout from strong bases.
Covance Inc. [[CVD]] This one has been a good winner for me, as I have been long it since $88.30. Phil from Brazil initially brought it to my attention, and then it showed up on another screen. Now, CVD has begun to show up on ATR breakout and momo screens.
Mindray Medical International Limited [[MR]] Great volume on this move. Above $44.00 and MR will have cleared an 11 month base.
Waste Connections, Inc. [[WCN]] Very pretty cup with handle here. Truly, trash is rising to the top.
Nice list.
August 6th, 2008 at 10:01 pm^best doppelganger comment yet
August 6th, 2008 at 10:04 pmNo, Danny, Fly just really likes my TA. Sorry.
August 6th, 2008 at 10:06 pmGood one Wood… nice to see you back on the top of the list. I like MR.. I used to trade Mindray a while back.
August 6th, 2008 at 10:09 pmMr. Woodshedder does fine work. His work is so good, I understand Mr. Gartman has been calling him for chart movers.
August 6th, 2008 at 10:13 pmHey Wood. Check out the diamond top forming in IIIN. Bearish to the kis-ore.
August 6th, 2008 at 10:13 pmOh, and check out the breakout on BEAT(-off). Sexy volume on that one, huh.
August 6th, 2008 at 10:15 pmIn between daydreaming that Becky Quick was sitting on my face, I heard Joe say Gartman says the bottom is in…
August 6th, 2008 at 10:16 pmClose Fly. Gartman and I are neighbors, here in Richmond, Va. He just stops by, whenever he fucking feels like it.
Junk Spread, BEAT looks great long, and IIIN looks like a great short assuming it can’t re-take the fitty day.
Gio- I wanna see MR clear 44.
August 6th, 2008 at 10:25 pmHey Fly. How do YOU feel about that diamond top forming in IIIN? It’s a nice chart, right?
August 6th, 2008 at 10:29 pm