Charts Ready To Explode

  • December 17, 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.

CNF Inc.
(
CNF |
Quote |
Chart |
News |
PowerRating)

 

Cost Plus
(
CPWM |
Quote |
Chart |
News |
PowerRating)

Getty Images
(
GETY |
Quote |
Chart |
News |
PowerRating)

McData
(
MCDT |
Quote |
Chart |
News |
PowerRating)

QLT Inc.
(
QLTI |
Quote |
Chart |
News |
PowerRating)

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

Always use protective stops on every trade.

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.

 

Â