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Wednesday, April 18, 2012 

Four Breakout Stocks To Watch on Thursday

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The Gap Inc. (NYSE:GPS) stock embarked on another leg of the bull rally that took it to a new high of $27.66 today on rising volumes. Technical indicators are supporting the bulls. The stock is still on a strong bull market with 50-day moving average on top over 200-day moving average and MACD is above signal line. Today’s high was $27.66, which is resistance for the continuation move on Thursday.  If you haven't added GPS to your watchlist, now is the time.

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Verisign, Inc. (NASDAQ:VRSN) continues to show strength as the rise in volume confirms the price uptick. This stock is clearly in an impulsive wave upwards. If you are on board, there is nothing more to do but enjoy the ride.

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Tibco Software Inc. (NASDAQ:TIBX) Nice break on strong volume, like the OBV trend, RSI has space to move up more.

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Family Dollar Stores, Inc. (NYSE:FDO) had a huge breakout day on heavy volume. The stock hit a high of $67.15, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. FDO will move very quickly, so watch the stock closely tomorrow.
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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.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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