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Identifying Proper Base Characteristics

Identifying Proper Base Characteristics. April 23, 2013. Current Market Update. Market confirmed correction 4/17 ( NASDAQ 3233) Since last meeting on 2/20 (NASDAQ @ 3164) Up about 2.1% since last meeting Notice 50 day Moving Average broken on 4/18 & 4/19.

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Identifying Proper Base Characteristics

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  1. Identifying Proper Base Characteristics April 23, 2013

  2. Current Market Update • Market confirmed correction 4/17 (NASDAQ 3233) • Since last meeting on 2/20 (NASDAQ @ 3164) • Up about 2.1% since last meeting • Notice 50 day Moving Average broken on 4/18 & 4/19.

  3. Proper Base Charateristics • http://www.investors.com/pdf/BaseChecklist.pdf.cms • 8 things to look for when evaluating bases: • Is the market in confirmed uptrend? • Can you identify the type of base? • How long is the base? • Does the base have elements of strength? • Does the base have elements of support? • Has there been a shakeout near lows of base? • Does the handle appear in the upper ½ of base? • At the ideal buy point, does Volume surge at least 40%?

  4. Specific Stocks • SCTY • PNRA • LNKD • CELG • VRX • EVER • AL • AWAY • MDCO

  5. Stocks near Breakout Price • NOW • AOS • RWT • CBS • EFX • EXR

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