[isatrader]

DEPO is perhaps another one for the watch list: stage 2?

It's made a Stage 2 continuation, but the volumes fairly weak still. For continuation breakouts from a significant consolidation like that one you ideally want to see at least 3x the average daily volume on the breakout day, and then the 2x weekly average volume requirement by the end of the breakout week. So yes, it's back in Stage 2 and may go higher from here, but it is not showing any energy to go significantly higher via a change in the recent volume. And one of the main components of Weinstein's method is to consider is the opportunity costs (see page 97 in the book) of any trade you are considering.