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Identifying Proper Base Characteristics

Identifying Proper Base Characteristics. May 6, 2014. Current Market Update. Market confirmed correction 4/ 4 Since last meeting on 2/28 (NASDAQ @ 4318) Down 5.28% currently at 4080 Notice 50 day Moving Average Best practice: Review Price and volume of market and leading stocks daily

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Identifying Proper Base Characteristics

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  1. Identifying Proper Base Characteristics May 6, 2014

  2. Current Market Update • Market confirmed correction 4/4 • Since last meeting on 2/28 (NASDAQ @ 4318) • Down 5.28% currently at 4080 • Notice 50 day Moving Average • Best practice: Review Price and volume of market and leading stocks daily • Big Picture • Sector Leaders

  3. Sub-Industry Leaders

  4. Cup w/handle

  5. Double Bottom

  6. 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%?

  7. Specific Stocks • AKRX • EBS • ABG • NFX • KOG • AER • TRN • VRX (12/12) • GRFS (10/25)

  8. Stocks near Breakout Price

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