Thursday, June 19, 2008

HYGS

Another Alternative Energy stock showing a breakout with good risk:reward parameters.


WEEKLY
DAILYA

3 comments:

Allan said...

A couple of hours into trading today and HYGS is already up 10% from the Open. Average daily volume is about 400K, so far today volume is approaching 750K. Still looking very good.

A

Anar Mikailov said...

Great catch allan!

How do you find these? What screeners do you use?

Thanks!
-Anar

Allan said...

How do you find these? What screeners do you use?

I look for repeating patterns in sectors that are showing good relative strength. In this case, I like breakouts basis the weekly charts that don't have any significant nearby overhead resistance. Confirm the pattern with volume, some basic fundamentals, stir in a little salt and pepper and bake at a 350 oven for 45 minutes or until brown across the top.

A