RE: Daily P&F Breakouts and Breakdowns in the US Market
Hello, I'm hoping to get some feedback on my screening for potential breakouts
These are 4 tickers from Recreational Products/Leisure:
YETI, BC, PII, and FOXF.
They all feature above and rising 200 days MA and >0 relative strength to SP500. The trendlines for all approximately 1-2+ years.
Yeti has technically already broke out with some weird volumes. Weekly volumes don't seem that impressive and seems false, however daily volume was more than 2x the prior 5 days at 2nd day of breakout.
I'm seeing potential breakout for BC, PII, and FOXF at $66.125, $105.62, $90.125 respectively and stop losses at 18, 16, 14 percents respectively.
YETI if bought at 41.5ish can be stop lossed at 20 percent.
While they all seem great, PII seems the best out of all.
What do you think?