What To Look For In A Growth Stock
Finding growth stocks that are
‘calmly’ setting up on multiple time frames
is one way of getting into a thinly traded issue
before the crowd comes ‘scrambling’ for a taste of their own.
One such issue that set up on both the daily and
5-minute time frames in today’s session was Cal-Maine Foods, a producer and
distributor of egg products. The stock has frequently been mentioned in IBD
because of its tremendous growth during the
past couple of quarters, due to the Atkins diet craze.
10:05:53
Intraday Setup Alert
Cal-Maine Foods (CALM)….has
been very much so as of late. With the issue up .37 at 36.90, CALM is
trading in an intraday
triangle pattern within a consolidation in the right side of its weekly
base.
Now that’s one that I call sunny-side up.