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Breakout Plays For Today

Recs

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May 02, 2011 – Comments (1) | RELATED TICKERS: AAPL , UPS , EP.DL

Here are some of the more intriguing setups that I am watching today. First, Apple (AAPL) is forming a nice bull flag, and setting up for what looks to be a breakout above the post-earnings highs. Vimpel Communications (VIP) is breaking out of its descending trendline in a very strong manner. Another stock worth watching is Bebe Stores (BEBE) which is consolidating at the recent highs, and looks poised for a very powerful move higher. United Parcel Services (UPS) has a nice double bottom, that it is breaking out above at $75.15, and finally, El Paso (EP), is breaking out to new highs on good volume and strength in the oil sector.

Here are my 5 Breakout Plays.        

1 Comments – Post Your Own

#1) On May 03, 2011 at 7:36 AM, mm5525 (< 20) wrote:

I love EP. I trade it back and forth a lot. If I buy at too high of a price, I am fine holding it as a long-term investment until I can make a few percentage points off it as a trade. EP is a good company with a "dual mandate" of goof Nat Gas E&P as well as the pipelines all over the SE USA. It's a bit safer than a purely sole E&P producer. It is a great trading stock for the reasons you mention - good volume, yet not on the radar screens of big traders who trade BAC, AA, and C over and over.  

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