[Amedee]

Another one for the watchlist: XLRN
I was going through some stock queries on the P&F site of Tom Dorsey and came along XLRN (sector Drugs).
The filter was set for favored sectors + large base stocks + price $10 - $500 + weekly momentum between 0 and 3 weeks positive (on average, weekly momentum lasts positive or negative during 7 weeks).
+ Favored sector
+ RS trend positive
+ Weekly momentum 3 weeks positive
- Monthly momentum 6 months positive
+ The Reward to risk is 2.37 to 8, depending on the calculation (I love to have the RR above 3).
+ Initial risk to stop loss is 10%
+ P&F Triple top breakout
+ Stage 2a or 2b?
Any other thoughts?

Some charts see this padlet: http://padlet.com/Amedee/5214bepuenhb

XLRN technically made an early Stage 2A breakout attempt back in December, but it didn't meet all of the breakout requirements. Note the weak close on the weekly bar of the breakout attempt week, which needs to be in the upper third of the bar at the close of the week for a confirmed Stage 2A breakout imo, as a strong weekly close is required.

Isatrader, I don't see the weak volume...
In the following chart I highlighted the volume in green. Average volume is 1.3325.622 and it reached that week more then 4.000.000. It looks like that was the breakout attempt, no?
   
Where do you see the weak close on the weekly bar? Could you point it out on the chart?

XLRN made a high today of $42.64! Getting close...
Unfortunately, I can't take any more positions because I am fully invested for the moment (8 stocks). Perhaps I should buy some calls on XLRN if they are not to expensive...
   

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For the US long watchlist tonight - HOMB, TWOU, CISG, CY, MYRG, SUPN, TRVN, WUBA, AST

Lot's of opportunities in my opinion...
CY - favored sector semiconductors - RR = 5 (and 9 weeks of negative weekly momentum > breakout near?!). I have a position in this one and hope to add when it will pull back after the breakout...
SUPN - favored sector Drugs - RR = 1.2
TRVN - favored sector Biomedics - RR = 6.2
TWOU - favored sector Software - RR = 5.2
WUBA - Average sector Internet - RR = 2.9

All other tickers are in unfavored sectors...