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.
Right Management Consultants
(
RMCI |
Quote |
Chart |
News |
PowerRating)
CDW Computer Centers
(
CDWC |
Quote |
Chart |
News |
PowerRating)
Medicis
(
MRX |
Quote |
Chart |
News |
PowerRating)
Remember, this strategy does not predict the direction of the move, just
that a move is imminent.
Here’s a recap of how recent “Charts Ready
To Explode” performed:
From the 10/25
commentary: Darden’s
(
DRI |
Quote |
Chart |
News |
PowerRating)
gapped up 7.3% on 10/31; Investor’s Financial
(
IFIN |
Quote |
Chart |
News |
PowerRating) has fallen 6%; NVR Inc.
(
NVR |
Quote |
Chart |
News |
PowerRating)
gained 5.2%.
From Monday’s commentary: Kennametal
(
KMT |
Quote |
Chart |
News |
PowerRating) imploded 5.6% before rallying today; Krispy Kreme
(
KKD |
Quote |
Chart |
News |
PowerRating)
has dropped 3.49%; Kronos
(
KRON |
Quote |
Chart |
News |
PowerRating) gained 2.9%; Anchor Gaming
(
SLOT |
Quote |
Chart |
News |
PowerRating)
rose 2.9%,
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.