Texas Roadhouse Inc (TXRH) – 05-01-2012

May 2, 2012 at 12:03 am · Filed Under Bullish, Growth · Comment 

TXRH Daily Chart

Earnings were somewhat lukewarm with some mixed news on a settlement, but the stock still had a solid volume breakout.  A large chunk of the early gains were given back today, so this one isn’t too far off the buy point.  I usually play these kinds of things on inside bar breakouts if it looks like it’s going to follow through.

Michael Kors Holdings (KORS) – 05-01-2012

May 1, 2012 at 11:51 pm · Filed Under Bullish, Growth · Comment 

KORS Daily Chart

Another IBD stock, but this one hasn’t broken out yet.  KORS at $50 looks interesting, but since it just ran up 100%+ at the beginning of the year, I wouldn’t bet on it breaking out of its consolidation phase too soon.  I’ll be interested to see what it can do if/when it does though.

Cirrus Logic, Inc (CRUS) – 05-01-2012

May 1, 2012 at 11:45 pm · Filed Under Bullish, Growth · Comment 

CRUS Daily Chart

Cirrus Logic on the nice breakout with good volume and a declining volume pullback.  It needs to come back a little further before it’s at a new buy point, but it’s something to keep an eye on.

Coinstar (CSTR) – 04-13-2012

April 15, 2012 at 10:18 pm · Filed Under Bullish, Growth · Comment 

CSTR Daily Chart

Coinstar is probably something you’ve heard of.  They’re all over the place with their change machines and also their Redbox kiosks.  The breakout has a lot of warning signs — enough that I wouldn’t classify it as a real breakout yet.  Low volume and a high open/low close should apply the brakes, and the general market weakness should knudge your hand over to the parking brake.  You shouldn’t trade against the market, but it’s a positive sign that despite a 1% drop in the market CSTR managed a positive 7% day.  I like this one if the market manages to recover its strength.

Questcor Pharmaceuticals, Inc (QCOR) – 03-15-2012

March 15, 2012 at 6:58 pm · Filed Under Bullish, Growth · Comment 

QCOR Daily Chart

Another IBD stock, but this one will be interesting with a support test.  The initial breakout last year proved to be a decent support zone for this year, so it’ll be interesting to see if this falls through $32 in some general market weakness.  I know I just said I’m not screening for bearish positions, but I also like this as a potential short if the market does breakdown and this stock dips below support.

Cummins Inc (CMI) – 03-15-2012

March 15, 2012 at 6:52 pm · Filed Under Bullish, Growth · Comment 

CMI Daily Chart

I was just going through the IBD list to see what’s interesting and CMI’s chart fit the bill.  Nice numbers and it’s on a breakout.  While it’s not actually overextended right now, it looks like it would be really solid on a support test. 

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