Selective Chartists - Buy / Sell, When & Why

Joe Majocha Has Had Over 25 FollowersPrevious "Hall of Fame" ChartList Author Rank: 41 Followers: 25 Votes: 1 Years Member: 10 Last Update: 22 May 2013, 9:07 Categories: Momentum Stocks
Trend Analysis
Support / Resistance Lines

SelectiveChartists.com identifies stocks meeting CRITERIA & appear poised for higher levels near-term. Indicators are positive & strengthening.

Focus on 50 top-rated growth stocks ranked by Investors Business Daily (IBD) - composite rating 80
Trade 500,000 shares per day and greater
Trading above 20 & 50dMA
Challenging BASING Stage overhead resistance or transitioning to early ADVANCING Stage
Close to Pivot Point (ideal buy price) - purchase no more than 5% above pivot
Relative Strength Index (RSI) above 50-centerline & below 70 (above 70 extended)
Heavy (2x) or Surging (3x) Volume
Positive Momentum (MACD)

Available on stockcharts.com on-line book store (Ebook): The ART Of The CHART - A Guide To Knowing When and Why To Buy & Sell Stocks

Less

20130520 Abbott Labs (ABT) - Advancing $36.59

20130520 Alexion Pharm (ALXN) - Basing $102.90

20130520 Home Depot (HD) - Advancing $76.86

20130520 Nasdaq ($COMPQ) - Advancing 3498

20130520 S&P 500 ($SPX) - Advancing 1667

20130522 Home Depot (HD) - Advancing $78.71

4 Stages Of Stock Cycle

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