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Thursday, February 9, 2012

Breakout of the Day - ELON

Stock = Echelon Corporation (ELON)
Industry group = Computer Hardware
Sub-industry group = Networking & Communications Dev
Price per share (<$20) = $6.15
Price percent change today (>4%) = 7.52%
Strong breakout candle = Yes
Large gap from previous day's close = No
Recent price consolidation = Yes
Volume (>100,000) = 277,000
Today's volume greater than yesterday = Yes
Volume to SMA50 volume ratio (>1.5) = 1.74
Dollar volume (>100,000) = 1.7 million
Latest float (<70 million) = 35.0 million
Percent shares owned by institution (<70%) = 41%
Breakouts in past 5 days = No


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