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Two stock charts and a graphic appear below. The first chart shows how the stock
looked on our weekly charts when we sent it out to our clients as a Stock Alert
buy recommendation. It was an ABC Float Set-Up. The second
chart shows the resulting price move. The purpose of these charts is to demonstrate
the power of Float Charts and the principles of Float Analysis.
Feel free to share these charts with others.
LSI Logic Corp (LSI)
Support at the 50% and Lower Float Channel Lines
On the week ending January 7th 2005, LSI broke out above its float turnover for
the first time is several weeks. In the weeks that followed it move higher
but then corrected down to the zone where its 50% float channel line and its
lower float channel line where very close to one another. It found support
at this level and began to move up. On May 13th we sent out a Stock
Alert stating that we thought the semiconductor group has beginning to
move higher and that LSI Logic would
participate in the upcoming move.
In the next 7 weeks the stock moved up 43%.
See both charts and the graphic below.
A
43% Move in 7 Weeks
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INFO ON OUR PREMIER FLOAT CHARTS WEB SITE
Want to find stocks like those above?
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shown above. Our Float Charts Central site is the world's premier site for Float Charts
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we're always on the lookout for trading opportunities like the one above. We currently have a Silver ($30 a month) and a Gold
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picks (near the bottom). You'll be amazed at the power of Float Charts and the returns our stock picks can generate.
Our stock picks are based on the ideas found 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 (Marketplace Books, 2000).
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