Breakouts for May 6th: Due to a problem viewing gallery charts from Stockcharts.com I cannot comment on the point-n-figure, or weekly charts. The first pick, UNWR, is a long play on this site. The current breakout started in November as a gold member play, then as a breakout play, before it featured again as a gold member play for April 21st, and then as a breakout play for tomorrow. The stock is riding the back of Q1 earnings released on May 2nd. There is good support for the rally with breaks of resistance in the MACD trigger line and on-balance-volume. The projected base target is $6.75. In each instance the stop price was raised - but I have kept the existing price target. The second pick, MTN, is a gold member play for November 18th and is currently building demand into $26.55 resistance. Although I have listed Thursday's closed as a 'buy', the recommended pivot buy is $26.65. Use GTC stop order buys to take advantage of this strategy. Alternatively, one could play this as a swing trade entering your position 10 cents above or below today's highs/lows for a $3 move - Thursday's small doji provides a decent entry for such a play on relatively low risk. I have raised the price target based on a projected base move but a break upside could run far given the lack of overhead resistance. Chief concern in this stock would be a potential triple top - confirmed on a close below $24.68. There was some PR news from the company early Thursday morning. The third pick, BHS, is a solid breakout play of a highly ranked Investor Business Daily stock. On Monday the company had reported a sharp rise in Q1 profits which helped produce Thursday's breakout. Confirming the breakout was a bullish 'buy' signal in the MACD trigger line and on-balance-volume. Slow stochastics further confirm the move by moving back inside overbought territory. A stock with good prospects with no overhead price resistance.

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"IBD" refers to Investors Business Daily

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