Breakout setups on watch

( click to enlarge )

Lululemon Athletica inc.LULU had a nice breakout today, up 1.88, or 2.54%. Resistance was taken out with a thrust and could lead to more upside. Look for a target at about 79-81 short-term. I'll be watching LULU on Friday for a continuation of this breakout. The trend is still bullish as the stock is still on top of 20-day and 50-day moving average with both moving averages going up. Other good news, the MACD is perking up and the OBV is moving up. Honestly, I believe the stock has room to go higher. Watch the stock closely on Friday.

( click to enlarge )

Western Digital Corp. WDC broke out from a rectangle pattern accompanied with high volume. We should be able to see some decent upside movement for the bulls here. A positive MACD cross has occurred and RSI is moving up strongly.

( click to enlarge )

Starbucks Corporation SBUX stock broke out to new highs today on 2x the daily avg. volume. Looks good for higher prices.

( click to enlarge )

Constellation Brands, Inc. STZ - Broke out today on good volume. No resistances above.

( click to enlarge )

Mindray Medical International Ltd MR continued its move up having broken out from an ascending triangle pattern a few days back.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

Market News and Data brought to you by Benzinga APIs

Comments

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga