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Positive/Negative breakouts for 05-11-09

This article was posted on Nov 4, 2009 and is filed under Market News

Positive breakouts from last days trade:

Stocks above their 14dma, 25dma, 50dma, conversion (9days), base (26days).
Tips Industries at 51.80 – Support at 50

No negative breakouts for today.

Positive breakouts are likely to do well if markets remain flat/positive. On the other hand, list of negative breakouts are likely to see some more downside if markets remain flat/weak. If anyone intends to trade in these, buy positive breakouts with strict stoploss at support levels. For negative breakouts sell on any rise with stoploss at their resistance levels.

If anyone already is holding any of these stocks, please trade accordingly..

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+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

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