[komputeridiat]

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?

Hi komputeridiat, welcome to the site. I moved the post to the Beginners Questions thread

YETI is on my focus list currently as I did a big post on twitter at the weekend as it has strong fundamentals as well as a reasonable technical pattern and is in one of the strongest groups, that's been strengthening consistently for the last month or so.

Here's a post I did on twitter that has more details: https://twitter.com/stageanalysis/status...4715851778

The breakout point would be a close above 45.18 imo, but I'd want to see a breakout on increased volume.

From a Stage Analysis perspective YETI is the strongest, as it's making new all time highs with no overhead resistance, whereas PII is still just under the YTD high and still -30% or so below it's all time high. Relative strength is weaker also, but it is making a good looking cup and handle pattern. BC is similar, but closer to its highs, and FOXF is the group leader with the strongest IBD composite ranting, with YETI the second in the group.
 
As they are all quite similar patterns in the same group I would do a relative strength comparison of the stocks to each other, so you can use the Mansfield Relative Strength, and change the comparison to each stock, and then see which is the strongest, and you would simply wait for a proper entry point.

Thanks for the feedback.

Why do you think it's 45.18 for Yeti's breakout? It already crossed the trendline albeit the volume is a bit weak.

None of the other three has t broken yet, so if it did, wouldn't they all be potentially good stop buys?

Although Stan did value RS, he did not really mention what should be the actual values rather than their trends. He even said that the improving negative RS can also be considered a buy if it crosses the 0 line. However, he did mention the downside risk being important if all else being equal, stocks should be bought with a < 15% sell stop. Wouldn't FOXF and PII be great for that?