The Daily Breakout
August 27, 2008 – 9:06 pm
After several days of no breakouts to speak of, today’s strength has created several picturesque charts.
The volume on the initial breakout in McAfee, Inc. [[MFE]] is impressive. The volume on today’s move is also notable.
Raven Industries, Inc. [[RAVN]]
Its all about the volume on Sapient Corporation [[SAPE]] .
MFE looks like a short sell now. I’d set a 1% stop loss. If that’s stopped out,
August 28th, 2008 at 3:41 amI’d try again at 41.6 yearly double top.
I have one signal, says short now.
I have an eps trend, says MFE should make it to $41.6.
A challenge for Woody:
Get out your crayons and ruler and show us you TA skillz on this chart.
http://finviz.com/map3d.ashx
August 28th, 2008 at 6:56 amZee- looks like you stopped out.
August 28th, 2008 at 9:57 pmon your SKF charts are you saying should be buying —selling –or the stock is being shilled …im very new and really havent learned to read these charts yet ..but i am listening and learning …i did get posistioned in SKF @116.56 today near the closing bell thats when i get home ..kinda wish i saw your posts first…when i tried to do the chart myself the other day i was going to wait till it droped to $81.00 …yeah …wow
August 28th, 2008 at 11:49 pmI set the stop at 2% ( old habit) on MFE, so as luck would have it, I exited with a small profit.
September 1st, 2008 at 7:36 pm