[CANSLIM] breakout strength

From: michael_niemotka@baxter.com
Subject: [CANSLIM] breakout strength
Date: Tue, 19 Aug 2003 10:50:04 -0500

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Does anyone know if any studies have been conducted to determine if there
is a relationship between the volume % on the day of breakout relative to
future success?

So, if stock A breakout out and rises 3% on it's breakout day, with volume
200% of 50dMA , but stock B breaks out , only rises 1%, but does so on
1000% of 50dMA?

Thanks

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com



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