ACOR confirmed breakout

Discussion in 'Stocks' started by Stocks4life, Jun 18, 2013.

  1. here is another with a breakout into a good sized resistance price gap.

    BREAKOUT CONFIRMED breakout above 34.83, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 37.5, 7.3% Stop: 33.99, Loss: 2.7%, Profit/Loss ratio: 2.7 : 1 - Good

    CURRENT PRICE 34.95, just above resistance, 34.26 ± 0.55, type double, strength 6
    RESISTANCE ABOVE +10.7% at 38.69 ± 0.62, type single, strength 5

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=ACOR
     
  2. Not quite there yet, need a healthy close above 35 on good volume; although volume isnt as important as it once was( in my view). No doubt there is an inflection point here. I am using the 50 dma as resistance.
    I like how you didnt choose a $5 stock as most amateurs do.
    I will keep an eye on this.