More Breakouts & Set-ups
The high relative strength stocks
continued to head higher Tuesday with a number of those names emerging from or
forming bases.
Cima Labs
(
CIMA |
Quote |
Chart |
News |
PowerRating), a developer of
drug delivery products, gained 8.1% and broke out of a cup-with-handle-like
structure.
Genzyme
(
GENZ |
Quote |
Chart |
News |
PowerRating), which went on my
base-building radar as recently as May 31, broke out of a five-week
consolidation zone.
Reebok
(
RBK |
Quote |
Chart |
News |
PowerRating) may be trying to set
up here.
Remember that all stocks are
speculative and risky. On any trade, reduce your risk by limiting your position size to a percentage of your total
account and setting inviolable price stops. For an intro to combining stops with
position sizing, check out my lesson, Risky Business.