This Day On The Street
Continue to site
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

5 Stocks Setting Up to Break Out

Raven Industries

One stock that's just starting to break out today is Raven Industries (RAVN - Get Report), an industrial manufacturer providing a variety of products. This stock has been a big winner in 2011, with shares up over 30%.

If you take a look at the chart for Raven Industries, you'll notice that the stock has just started to break out toady above some near-term overhead resistance at $61.43 a share. If this breakout can hold into the close, then RAVN will set up to challenge an even bigger breakout above some more near-term overhead resistance at $63.50 and $64.88 a share. A high-volume move and close above those levels will push RAVN into all-time high territory, which is bullish price action.

>>Stocks Rising on Unusual Volume

Traders should now watch for RAVN to close over $61.43 to $63.50 today on solid volume. Look for volume that's near or well above its three-month average action of 61,945 shares. If we get that action, then look for RAVN to take out $64.88 with volume in the near future.

One could be a buyer of RAVN off any weakness and simply place a mental stop just a few percentage points below the breakout level of $61.43 a share. I would then add to any long positions if we take out $64.88 with volume, since that will set the stock up to push into all-time-high territory.
2 of 6

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CPRX $1.70 0.59%
MENT $17.02 2.60%
SCSS $20.31 -0.25%
RAVN $14.90 0.54%
AAPL $94.26 -0.77%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.73 -0.48 -0.03%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs