Stocks with breakout patterns- BOOM, SWFT, ITMN & EXPD

Ever since June 2nd, when BOOM broke-out on heavy volume, the stock has been range bound. With the volatility these days, BOOM has managed to not deviate too much. I believe this is a good entry point as the stock has pulled back to its 20-day MA. With 44% revenue growth & strong earnings momentum, this stock is set to go higher as its technicals & fundamentals look stellar.


SWFT & the trucking industry have been experiencing a secular bull-market. In its last earnings report SWFT nearly doubled its 1st Q earnings & ever since then it has broken out. The gap between the 20-day MA & 40-day MA is widening, reflecting strong relative strenght. With the recent pull-back to its 20-day MA, i think SWFT is a as good a trade as it gets.


I'm not a big fan of pharmaceutical companies but ITMN's chart is exhibiting a head & shoulders formation. Another good trait ITMN is displaying is, when it broke-out above the 20 & 40-day MAs it did so on double the normal volume. The stock is pulling back to its 20-day MA, so it might be a good time to watch this.


Fundamentally EXPD has been one of the first & best picks of this blog, we're up over 30%. EXPD, like Fedex & UPS, has had a stellar run with superb fundamentals & even better execution by management. EXPD is also developing abit of head & shoulders formation & is trading range bound. Any signs of market improvements & this stock will take off.