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Friday, July 03, 2020 10:11:13 PM
Buying 52-wk BREAKOUTS or BREAKDOWNS?
Kinda a no-brainer, but if you're stubborn: Multiple white-papers have shown MOMO tends to exist in stocks. Buying 'breakouts' (with some caveats) GREATLY OUTPERFORMS buying 'breakdowns.'
Here's a basic scan looking for new 52-wk highs, on US Companies trading less than a buck, w/ some volume. THESE ARE NOT RECOMMENDED BUYS without further research, just examples: (disclosure - I still hold positions in 2 of these from previous price & volume breakout):
Alternatively, here's a stock that has been printing NEW 52-wk LOWS for a month - It continues to be pumped and chased-lower on the board. WHY?
Kinda a no-brainer, but if you're stubborn: Multiple white-papers have shown MOMO tends to exist in stocks. Buying 'breakouts' (with some caveats) GREATLY OUTPERFORMS buying 'breakdowns.'
Here's a basic scan looking for new 52-wk highs, on US Companies trading less than a buck, w/ some volume. THESE ARE NOT RECOMMENDED BUYS without further research, just examples: (disclosure - I still hold positions in 2 of these from previous price & volume breakout):
Alternatively, here's a stock that has been printing NEW 52-wk LOWS for a month - It continues to be pumped and chased-lower on the board. WHY?
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