I’m profiling breakouts and a lot of my comments may be obvious, but that’s not the point. The point is to recognize the key resistance area that will be soon approaching for 80-90% of stocks, and that is the 50-day MA. Other stocks that broke out above the 50-day will use the moving average as support. Short-term traders should take profits before resistance is hit. Watch the 50-day MA’s closely and just be cautious.
