Monday, April 09, 2007

Potential Breakout-Pullback Candidate

JAH (Jarden Corp.) has most of the characteristics I look for in a breakout-pullback stock:
  1. Price breaks out over established resistance on above average volume
  2. Stock closes near the high of the day, printing a long range bar
  3. Evidence of accumulation prior to breakout
  4. RSI is at a higher level than when at previous high
  5. Stochastics printing higher lows previous to breakout

All that is remaining for entry is a low volume pullback to support.


1 comment:

Anonymous said...

your charts are getting to be more detailed. i like it.