Charts Ready To Explode

  • November 24, 2001
  • Eddie Kwong

The
following charts show the recent price action of stocks meeting low-volatility
criteria as specified by research from Larry Connors. These stocks also have
short-term consolidation patterns. Stocks exhibiting these characteristics have
a greater-than-normal tendency to explode from their consolidation.

 

    Astropower (APWR)

 

Veeco Instruments (VECO)

PF Chang’s China Bistro (PFCB)

 

Expeditors International of
Washington (EXPD)

 

From recent “Charts Ready To
Explode,” Peoplesoft (PSFT)
gained 8%, NPS Computer (NPSP)
gained 16%, and Tech Data (TECD)
moved 11%.

Remember, this strategy does not
predict the direction of the move, simply that a move is imminent.

This material may be new for some of
you. For more detailed analysis of how to trade using volatility, please see Street
Smarts and Connors
on Advanced Trading Strategies