Share

BuyingBreakOutscom Website

Following (0)
Followers (5)

$IART $OMC - 2 TrendLine BreakOuts

BuyingBreakOutscom Website

BuyingBreakOutscom Website,

James F. Taulman - For more than 8 years James had served as Editor-in-Chief an independently licensed website that offered stock reports and services... FULL BIO

$IART $OMC - 2 TrendLine BreakOuts

After a sell off on Thursday, the S&P 500 and Dow posted their biggest one-day gains in nearly three months on Friday.

This past week was another test for this rally, and once again it passed as Fridays solid gains kept the uptrend alive and well.

Stocks continue to refuse to fall, even with all the bearish news, such as terror attacks, talk of World War III, lousy economic data, negative Q3 earnings comps, etc.

As long as that is the case, breakouts remain buyable and we should give any current holding the benefit of the doubt as long as it does not technically violate support.

We had two more trendline breakouts on Friday as IART and OMCbroke above their downward trendlines with an increase in volume.

BreakOut Alert Friday 12/04:Integra LifeSciences Holdings Corporation (IART Nasdaq)

IART120715

BreakOut Alert Friday 12/04:Omnicom Group Inc. (OMC NYSE)

OMC120715

As noted for each Abreak above the downward trendline (blue line on the chart) with above average volume would have this stock triggering a technical buy signal.

I ran my usual screens this weekend and I put HQY back on the High Ranked Leaders Watch List, as it looks poised again to break out.

I also found four more TrendLine SetUps early this morning.

Any questions or concerns, please email me at james@jamestaulman.com.

Summary :