The Flat Base Breakout
Kevin Haggerty once told me,
“The institutions love to break out stocks out
of long, flat bases.” When you see formations on the charts that fit these
criteria, take note.
13:12:56
Intraday Setup Alert
Stryker Corp. (SYK)
is trading in a triangle. SYK is up 0.45 at 60.92.
The stock runs for a 1-point gain, and could have some more
left in it. Will all of these do this? No, but the odds are good that many times
they will. Keep stocks that trace out this action on the radar, if you are an
intraday breakout player.
Until tomorrow,