[isatrader]

Here's a few of the stocks that were highlighted in the Elite Board US Watchlist thread during the week.

EVEP - Highlighted on 19th as it first broke above resistance. An initial Stage 2 continuation from head and shoulders base, after an initial weak volume Stage 2A breakout earlier in the year. Relative performance has moved above a flattening zero line to new highs also and weekly volume was a little under the 2x weekly average volume that we look for, but it was an improvement on the last few months. The monthly chart is also close to the 30 month MA, which we'd look for a close above by the end of the month for further confirmation of the Stage 2 continuation breakout.

           


MNDL - Highlighted on 20th as it moved above resistance and attempted to make a Stage 2 breakout this week on heavy relative volume. While extended on the daily and weekly charts, the monthly chart has been basing for around three years and so there is potential for a monthly Stage 2 continuation to new five year highs.

           


ACCO - Highlighted on the 21st. It made a Stage 2A breakout with the weekly volume at more than 3x the 52 week average volumeby the end of the week, and relative performance versus the S&P 500 has moved above a flattening zero line.

The monthly is also attempting to cross the 30 month MA and move into a monthly Stage 1A, so it is showing the right attributes for what we look for with the method.

           


The daily US watchlist picks can be found in the Elite Members section of the site. To become an Elite Member you need to join via the one off fee on the front page of the forum here: Premium Services