AVD breakout watch and possible gapper

Discussion in 'Stocks' started by Stocks4life, Jul 29, 2013.

  1. good volume today with a breakout watch above 25.33 and strong double resistance with a possible price gap fill.

    VOLUME 236.6k shares, +7.2% compared to typical daily volume over the past 6 months.
    Typical daily volume is 220.7k shares over the past 6 months.

    CURRENT PRICE 25.24, at resistance, 24.85 ± 0.47, type double, strength 10
    RESISTANCE ABOVE +11.8% at 28.23 ± 0.54, type triple, strength 8
    +18% at 29.79 ± 0.57, type double, strength 10

    BREAKOUT WATCH for possible breakout above 25.33, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 27.59, 9.3% Stop: 24.36, Loss: 3.5%, Profit/Loss ratio: 2.7 : 1 - Good


    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AVD