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Two stock charts and a graphic appear below.
The first chart shows how the
stock looked on the day our new stock alerts (coming soon) gave a buy signal.
The second chart shows the resulting price move. The purpose of these charts
is to demonstrate the principles of Float Analysis.
Feel free to share these charts with others.
Gurunet Corp. (GRU)
ABC Float Set-up
Support at the 50% Float Channel Line
GRU is a recent IPO that took off like a rocket after building a sound base of
support at the bottom. It built a float turnover base of support, broke out above
it, and then corrected right down to its 50% Float Channel line where it found
support and bounced higher. It then made a huge move to the upside with a
206% gain in 15 days.
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to find stocks like those above?
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trade a month or a little more than an 1/8 of a point on a trade of 100 shares.
Throughout the week, you'll receive charts on an 'as we see them' basis and
before Monday's open we'll send you our weekend edition with commentary on the stocks that Steve has
recognized as potential winners in the coming days and weeks.
These stocks
have recently made a particular "Float Turnover Formation" and have a high likelihood of profitability.
These formations are written about in Steve's book Float Analysis, Powerful Technical
Indicators Using Price and Volume (Wiley, 2002). (The book's former title was
The Precision Profit Float Indicator.) The stock
charts arrive in fast loading FloatChart format with commentary. In addition, you'll receive emailed stock alerts during the week
as situations arise.
Learn more about Steve's work at www.FloatAnalysis.com
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