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 Breakout Stocks: Must-See Charts

International Tower Hill Mines

One name that's quickly moving within range of triggering a major breakout trade is International Tower Hill Mines (THM), which controls a 100% interest in the Livengood gold project near Fairbanks, Alaska, which ranks among the top 2% in deposit size of recent gold discoveries. This stock has been downtrending so far in 2012, with shares off by 54%.

If you look at the chart for International Tower Hill Mines, you'll notice that this stock has been downtrending badly for the last three months, with shares dropping from a high of $3.25 to its recent low of $1.98 a share. During that downtrend, shares of THM have been mostly making lower highs and lower lows, which is bearish technical price action. That said, the stock has started to bounce strongly off that $1.98 low and quickly move within range of triggering a major breakout trade.

Market players should now look for long-biased trades in THM once it manages to break out above its 50-day moving average of $2.30 and then once it takes out more overhead resistance levels at $2.42 to $2.43 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 230,737 shares. If that breakout hits soon, then THM will set up to re-test or possibly take its next major overhead resistance levels at $2.81 to its 200-day moving average at $3.02 a share. Any high-volume move above $3.02 a share will then put $3.20 to $3.25 into focus for shares of THM.

Traders can look to buy THM off any weakness to anticipate that breakout and simply use a stop that sits right below its near-term low of $1.98 a share. One can also buy off strength once THM clears those breakout levels with volume and then use a stop that sits right below its 50-day at $2.30 a share or near $2.20 a share.
4 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
APPY $2.98 -1.30%
GST $1.89 6.20%
PACT $7.24 0.42%
THM $0.64 9.80%
AAPL $95.03 -2.90%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs