Breakouts for Feb 16th: The first pick, BF, breached resistance in the absence of stock related news. The breakout in price was supported by a resistance break in the MACD trigger line and a strongly rising on-balance-volume. Overbought slow stochastics restores the bullish momentum from late last year. The point-n-figure shows an upside target of $119.00 after today's double top breakout. The second pick, CRL, also shows a point-n-figure double top breakout with an upside target of $66.00. The breakout completes a sideways consolidation dating back to April 2004. Supporting the move was a break in on-balance-volume, although the MACD trigger line remains below resistance. There should be a test of new support at $49.05, so GTC buy orders down to this level should be good enough to take advantage of a pullback here. Today's move was triggered by Monday night's earnings. The third pick, MNS, was suckered by a downgrade at 3:35 pm which did little to dampen buyers enthusiasm in the run up to Wednesday's earnings at 11:30 am. The stock neatly topped the $10.58 double top - although it should be possible to grab shares on a retest of this support - but if prices dive on earnings it would be more prudent to avoid (or maybe short???). The stock had enjoyed some decent technical strength before dipping to oversold levels. The point-n-figure chart shows a double top breakout dating back to September 28th with an upside target of $20.50.

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Date	Stock 1	Max gain %	Stock 2	Max gain %	Stock 3	Max gain %	Date	Stock 1	Max gain %	Stock 2	Max gain %	Stock 3	Max gain %
Aug 12th	.	.	Long	11	.	.	Sep 7th	.	.	Long	45	.	.
Sep 24th	Long	35	Long	18	.	.	Sep 29th	Long	39	.	.	.	.
Sep 30th	Long	26	Long	12	.	.	Oct 12th	.	.	.	.	Long	17
Oct 13th	Long	32	.	.	.	.	Oct 14th	.	.	.	.	Long	35
Oct 15th	.	.	Long	34	.	.	Oct 18th	.	.	Long	36	.	.
Oct 21st	.	.	.	.	Long	20	Oct 26th	Long	33	.	.	.	.
Oct 27th	.	.	Long	6	.	.	Oct 29th	Long	94	.	.	.	.
Nov 1st	.	.	Long	78	.	.	Nov 3rd	Long	18	.	.	.	.
Nov 4th	Long	65	.	.	.	.	Nov 5th	Long	40	.	.	Long	37
Nov 9th	Long	29	Long	29	.	.	Nov 10th	.	.	Long	48	Long	38
Nov 15th	Long	19	.	.	.	.	Nov 18th	.	.	Long	21	.	.
Nov 23rd	Long	18	.	.	.	.	Dec 1st	.	.	Long	35	.	.
Dec 3rd	.	.	.	.	Long	24	Dec 6th	.	.	.	.	Long	40
Dec 7th	.	.	.	.	Long	8	Dec 8th	.	.	.	.	Long	16
Dec 10th	.	.	.	.	Long	14	Dec 13th	Long	28	Long	22	.	.
Dec 14th	.	.	Long	19	.	.	Dec 15th	.	.	Long	19	.	.
Dec 16th	.	.	.	.	Long	24	Dec 17th	.	.	Long	24	.	.
Dec 20th	Long	54	.	.	.	.	Dec 21st	.	.	Long	9	.	.
Jan 7th	.	.	Long	10	.	.	Jan 11th	Long	31	Long	38	.	.
Jan 12th	.	.	.	.	Long	28	Jan 13th	Long	16	.	.	Swing	21
Jan 20th	.	.	Swing	33	.	.	Jan 21st	.	.	Long	32	.	.
Jan 24th	Long	34	.	.	.	.	Jan 25th	.	.	.	.	Long	16
Jan 27th	.	.	Long	65	.	.	Jan 31st	.	.	Long	3	Long	22
Feb 3rd	Long	28	.	.	Short	5	Feb 4th	Long	33	.	.	Short	24
Feb 8th	.	.	Short	9	.	.	Feb 9th	.	.	.	.	Long	8
Feb 10th	.	.	Short	12	.	.	Feb 11th	.	.	.	.	Short	7
Feb 15th	Long	14	.	.	Long	184	Feb 17th	.	.	Long	9	Short	4
Feb 22nd	Long	9	Long	7	Short	13	Feb 23rd	Swing	20	.	.	Long	9
Feb 24th	Long	4	.	.	Long	9	Feb 25th	.	.	.	.	Long	4
Feb 28th	.	.	Long	11	Long	7	Mar 1st	.	.	.	.	Long	9
Mar 2nd	Long	4	Long	2	.	.	Mar 3rd	.	.	.	.	Long	10
Mar 4th	Long	14	.	.	Long	15	Mar 8th	.	.	.	.	Long	13
Mar 9th	.	.	Long	6	.	.	Mar 10th	Short	10	Short	5	Short	2
Mar 11th	Short	9	Short	5	.	.	Mar 14th	Short	2	.	.	Short	3
Mar 15th	Long	3	.	.	.	.	Mar 16th	Short	6	Short	2	.	.
Mar 17th	Short	3	Short	4	Long	3	Mar 21st	Long	7	Long	13	.	.
Mar 22nd	.	.	.	.	Long	5	Mar 23rd	Long	7	Long	17	Long	0
Mar 24th	Short	1	Long	1	Long	0	.	.	.	.	.	.	.
.	.	.	.	.	.	.	.	.	.	.	.	.	.
TYPICAL RISK		6%	AVG MAX GAIN OF WINNERS					74%	AVG MAX GAIN OF LOSERS				7%
TYPICAL RISK		11%	AVG MAX GAIN OF WINNERS					65%	AVG MAX GAIN OF LOSERS				8%

"IBD" refers to Investors Business Daily

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