Take Buffalo Wild Wings-BWLD for example. Talk about taking flight! We brought this name to you a few weeks back when we were talking about issues that had completed cups that were in the handle.

Monday BWLD broke out to the upside of what we used to call a handle that morphed into a big Pullback Off Highs (POH) clearly defined trend channel. Much like POH’s being the only pattern you’ll ever need to know the same can be said for trend channels.

Then there is Rackspace Holdings- RAX which is another name that also staged a nice controlled Pullback Off Highs and never broke the 50 day average.

On top of that take a look at another name we own which many of you are familiar with which is Decker’s Outdoor- DECK

Currently we have a slew of names that we’ll want to consider stepping up to the plate while the getting is good verses chasing them 3-4 days later just in time for them to take a breather.

Some names that broke to the upside Monday will give us a chance to be able to catch a backtest where we can jump on them intra-day but you have to be aware of them in advance so as to have the gun loaded and prepared.

By David Grandey www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.