Individual Stocks Making Breakouts

 | Oct 11, 2011 | 1:26 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:














From breakdown to breakout? I am talking about stocks like Starbucks (SBUX), pennies off its high, Amazon (AMZN), still dollars away but getting there, and Apple (AAPL), which is climbing a wall of valuation non-worry that makes me think it is possible. Or how about Deckers (DECK), a dollar away from a breakout and sailing ever higher?

Right now, the breakouts are few and far between. Ross Stores (ROST), Dollar General (DG) and Dollar Tree (DLTR) are hitting 52-week highs, and that's terrific, although the statement they make is one of the de-middle-classification of America.

But the tone of this market will change if that list widens.

Earlier I wrote of how we are range-bound, but one of the more impressive aspects of this assault on the top end of the range is that there are standouts, actual stocks doing better than the market and not being pulled down by the relentless futures pressure.

I think that the more stocks that hit the 52-week high list, the more people won't think of this as a bear market and think of it more as a market where when you have good growth you can triumph, and when you don't, you won't.

That's quite a change from just a few weeks ago, when the only stocks hitting new highs were the highest yielders that do best in the ugliest of times.

Something to watch.

Too early to draw conclusions, but hopeful nonetheless.

Columnist Conversations

As far as TSLA is concerned, I still have a higher target above the market at the 409 area.  I stated in ...
The TLT setup discussed in my last commentary is a bust. Key support was violated and it violated the recent l...
BBY is getting smoked this mornings(weak forecast).  The stock is off 8% after opening the session with a...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.