Charts Ready To Explode
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.
Â
Analog Devices
(
ADI |
Quote |
Chart |
News |
PowerRating)
Mercury Interactive
(
MRCY |
Quote |
Chart |
News |
PowerRating)
Parker Hannifin
(
PH |
Quote |
Chart |
News |
PowerRating)
Â
SmartForce
(
SMTF |
Quote |
Chart |
News |
PowerRating)
From recent “Charts Ready To Explode,”
(
DPMI |
Quote |
Chart |
News |
PowerRating) gained 8%,
(
INTC |
Quote |
Chart |
News |
PowerRating)
is up 12 1/2%,
(
AMGN |
Quote |
Chart |
News |
PowerRating) moved 7%, and
(
IDTI |
Quote |
Chart |
News |
PowerRating) rose 11 1/2%.
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.