97 Breakouts That Worked Over the Past 30 Days

Recently, over at the Stockbee site we had a discussion concerning people jumping from one method to the next. Stockbee published some findings on a Kirk Report study, which you can read: 3 Things you can learn from Charles Kirk

This piqued my curiosity so I decided to look back over the past 30 days (give or take a week or so on some stocks) and find every breakout that occurred using the StockBee MDT Break out. Whether you use an exhaustion method, trend based or N-Day Breakout entry signal, many of these would of appeared in your scan.

Hindsight is 20/20, so I attempted to find stocks that offered a reasonable buy opportunity. I reviewed over 2000 stocks with our standard liquidity filter applied: MINV3.1 > 1000. They were absent of heavy volume selling days prior to the breakout. All stocks were within 10% of their 6 month high. I've also left the time-frame at 6 months so you can get more perspective on the entire move. With that said, there are still a few ugly ducklings in the result set.

So, what's the point? Did you catch 20% of these? How about 80% of the "Mona Lisas". These are the stocks with a chart pattern that is such a work of art, you wonder how you could of possibly missed it? If you did not catch them, then why are you looking at other breakout signals? Why haven't you committed to mastering one? I'm right there with you if missed some of those perfect setups. I keeping asking myself "How did I miss that one?!".

Stocks Mentioned in this article:
Acacia Research Corporation ACTG

American Oil & Gas Inc. AEZ

Akamai Technologies, Inc. AKAM

Align Technology, Inc. ALGN

Autoliv Inc. ALV

Amazon.com, Inc. AMZN

Aruba Networks, Inc. ARUN

Atmel Corporation ATML

Baidu.com, Inc. (ADR) BIDU

Biovail Corporation (USA) BVF

BorgWarner Inc. BWA

Casey's General Stores, Inc. CASY

Caterpillar Inc. CAT

Coeur d'Alene Mines Corporation CDE

Chipotle Mexican Grill, Inc. CMG

Cummins Inc. CMI

CNH Global N.V. (ADR) CNH

The Cooper Companies, Inc. COO

Corn Products International, Inc. CPO

salesforce.com, inc. CRM

CTC Media, Inc. CTCM

Citrix Systems, Inc. CTXS

Cytec Industries Inc. CYT

Daktronics, Inc. DAKT

Deere & Company DE

Dollar Tree, Inc. DLTR

DemandTec, Inc. DMAN

Digital River, Inc. DRIV

Ebix, Inc. EBIX

Ecopetrol S.A. (ADR) EC

EXACT Sciences Corporation EXAS

Expedia, Inc. EXPE

Sourcefire, Inc. FIRE

Ferro Corporation FOE

Fossil, Inc. FOSL

Five Star Quality Care, Inc. FVE

Grupo Financiero Galicia S.A. (ADR) GGAL

Green Mountain Coffee Roasters Inc. GMCR

General Communication, Inc. GNCMA

The Hain Celestial Group, Inc. HAIN

Craft Brewers Alliance, Inc. HOOK

HealthSpring, Inc HS

Homex Development Corp. (ADR) HXM

ICICI Bank Limited (ADR) IBN

Infinera Corp. INFN

Infosys Technologies Limited (ADR) INFY

Isilon Systems, Inc. ISLN

Ivanhoe Mines Ltd. (USA) IVN

JA Solar Holdings Co., Ltd. (ADR) JASO

51job, Inc. (ADR) JOBS

Joy Global Inc. JOYG

LogMeIn, Inc. LOGM

Lubrizol Corporation LZ

Minefinders Corp. Ltd. (USA) MFN

MIPS Technologies, Inc. MIPS

The Mosaic Company MOS

Netflix, Inc. NFLX

Nelnet, Inc. NNI

Newpark Resources, Inc. NR

NetApp Inc. NTAP

NxStage Medical, Inc. NXTM

Netezza Corporation NZ

OSI Systems, Inc. OSIS

Pan American Silver Corp. (USA) PAAS

VeriFone Systems, Inc. PAY

priceline.com Incorporated PCLN

Penn Virginia Resource Partners L P PVR

Rackspace Hosting, Inc. RAX

Radware Ltd. RDWR


Cohen & Steers Quality Income Realty Inc RQI

Riverbed Technology, Inc. RVBD

Banco Santander-Chile (ADR) SAN

Sally Beauty Holdings, Inc. SBH

Sycamore Networks, Inc. SCMR


SINA Corporation (USA) SINA

Silver Wheaton Corp. (USA) SLW

Sohu.com Inc. SOHU

ReneSola Ltd. (ADR) SOL

Spreadtrum Communications, Inc. SPRD

Sociedad Quimica y Minera (ADR) SQM

Savient Pharmaceuticals, Inc. SVNT


Skyworks Solutions, Inc. SWKS

TransGlobe Energy Corporation (USA) TGA

Turkcell Iletisim Hizmetleri A.S. (ADR) TKC

The Timken Company TKR

Terremark Worldwide, Inc. TMRK

Tanzanian Royalty Exploration Corp. (US) TRE

Tata Motors Limited (ADR) TTM

Travelzoo Inc. TZOO

ValueClick, Inc. VCLK

VirnetX Holding Corporation VHC

VMware, Inc. VMW

WABCO Holdings Inc. WBC

Warner Chilcott Plc WCRX

Xyratex Ltd. XRTX


2 Response to 97 Breakouts That Worked Over the Past 30 Days

September 27, 2010 at 9:01 PM

Can you elaborate on what "MINV3.1 > 1000" calculates?

September 29, 2010 at 5:56 AM

It calculates volume for last 3 trading days. It looks for stock which had minimum 100000 plus shares traded in each of the last 3 days as of yesterday.

It is used to eliminate low volume stocks. Low volume stocks can have higher spreads and it is difficult to get in and get out of them if you are trading large account.

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