US Breakout Stocks Watchlist - 29 April 2020
For the watchlist from Wednesdays scans - ATRC, CALX, CEMI, CGEN, EVER, FVRR, GILD, GNMK, HIMX, LSCC, MKSI, MRSN, PAYC, PCTY, PXLW, SPOT, VRML, VSTO, YUMC
The scans produced a vast number of stocks tonight to go through, and 80% of them looked the same, which were small caps breaking out of extremely depressed ranges on strong volume. Some moving 50%+ on the day. None of these made the watchlist as yet though, as majority are still well below steeply declining moving averages and need to double or triple just to get back to them. So not the kind of stocks I look at, but heaven for swing traders that do mean reversion trades.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.