RE: Watchlist - Investor method
SUMR was first highlighted back in May in the US stocks thread in the Elite board when it broke out on strong volume into early Stage 1A. Since then it's consolidated above it's 30 week MA and formed a high Stage 1 base, and last Monday 21st I highlighted it again on the elite board as it was making a breakout attempt into Stage 2A with strong relative volume.
It managed to close the week above the breakout level and 2013 highs on just over 2x the weekly average volume, and so made a Stage 2A breakout and looks to have the main ingredients we look for. i.e strong weekly close above the breakout level; at least 2x average volume on the Stage 2A breakout; relative performance versus the S&P 500 above a flattening or rising zero line, and no near term resistance to deal with.
The monthly chart is also progressing well, and currently looks set to close above it's 30 month MA this month and the P&F chart is within one box of reversing the four year downtrend.
Second-Quarter 2014 Financial Results on Thursday, August 14, 2014
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.