This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Breakout Stocks: Warner Chilcott, Alliance

Another stock that could be setting up to breakout is VanceInfo (VIT), an information technology service provider and an offshore development company in China. This company offers IT services including R&D services, enterprise solutions, application development and maintenance, testing, as well as globalization and localization.

Shares of VanceInfo are trading up more than 1% today as the stock nears some previous overhead resistance at around $28 a share. If the stock can manage to trade above that level it would mark a brand new all-time high. This is a great sign if you're long the stock because it means shares will have no previous resistance that could stall any further upside move.

If a breakout does happen on VanceInfo, and it isn't a false move, then this stock could be just beginning a much longer term uptrend. It's worth noting that the stock sold off a few points on Aug. 17 after company issued a tepid forecast for its third-quarter earnings. That selloff came on heavy volume of 2 million shares vs. the average three-month daily volume of over 540,000 shares. It's possible that many of the sellers that wanted out of the stock in the near term got out on that move.
3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ARLP $24.62 0.00%
VLCCF $3.89 0.00%
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs