[isatrader]

CVO (Cenveo) is close to making it's first continuation move above the December 2012 high, and volume and relative performance look to be making the right moves. Attached is the charts.

[gbarbs]

Here's a good looking chart, early in stage 2 on a pullback. In biotech, a strong sector right now. The previous swing low and 30 week MA are near the same level giving a good stop location (just under $3.25). Right now that looks a little far but if it pulls closer maybe a good opportunity to get in with a better risk/reward.

   

[isatrader]

I last mentioned ZNGA back on 25th September as it was attempting to make a Stage 2A breakout, which it did manage to do. However, it immediately reversed the following week and has drifted lower back into the Stage 1 range for the last four weeks.

Yesterday was it's earnings announcement which were better than expected and has seen it trading up near the top of the Stage 1 range near $4 overnight and in the pre-market. So ZNGA could make another attempt at a Stage 2A breakout today, and I'd want to see a strong weekly close above 4 for confirmation.

Attached is the charts.

[isatrader]

PACR (Pacer) is making a strong Stage 2 continuation move after consolidating it's initial Stage 2A run up for most of the summer. Volume is more than double the weekly average and relative performance is strongly above the zero line.

Attached is the charts, of which I've also included the long term monthly chart that shows PACR is attempting to make a monthly Stage 2A breakout, which it would need to close the month above to confirm.

[isatrader]

Here's some US stocks in early Stage 2 with decent volume moves last week for the investor watchlist - CECO, PZE, IVC

[isatrader]

Here's some US stocks making potential continuation moves with decent volume last week for the trader watchlist - LPS, IDT, BLK, BLDR, FNF, ELY, HEOP and DECK

[isatrader]

UK charts for the watchlist - SAFE.L, LOQ.L, GOOD.L, FCCN.L and VLK.L

                   

And some US stocks - PDLI and UTI

       

[isatrader]

MDVN came up last Wednesday in the Daily breakouts and breakdowns in the US Market thread in the elite section, and I thought I'd highlight it today in the watchlist as it has shown excellent relative performance versus the market today, which is getting hit very hard in some of the recent strongest sectors even though the market is up overall.