I'm tellin' ya...
We don't really care so much about the individual names as the fact that you now have bunches of them setting up for the next up-move.
From Investors Business Daily:
Some Big Cap 20 Names Start To Shape Bases
The market is back in a confirmed uptrend, and several Big Cap 20
stocks are flexing a little muscle and shaping what might turn out to be
valid bases.
One candidate worthy of an investor's watch list is Keurig Green Mountain
(NASDAQ:
GMCR). It's shaped a cup-with-handle base with a 123.72
buy point.
One negative is that earnings growth has been decelerating from 39% to
26% to 16% over the last three quarters. Analysts are forecasting a 6%
increase in the current quarter. The stock gapped up 26% Feb. 6 on a
favorable earnings report and the announcement of a partnership with
Coca-Cola (NYSE:
KO). It's been basing since then.
The five-year annualized EPS growth rate is 75%.
Illumina (NASDAQ:
ILMN) is another Big Cap 20 stock that's formed a base. It might be doing early work on a
handle.
The company makes systems for the large-scale study of genetic variation and biological function.
Illumina has seven straight quarters of revenue growth above 20%,
although EPS growth the past three quarters has been only 10%, 7% and
15%....
MORE
HT on the pic, it sure looks like something that Yves at
naked capitalism would come up with but I don't recall the post.
