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Friday, February 3, 2012

Breakout of the Day - MGIC

Stock = Magic Software Enteprs (MGIC)
Industry group = Computer Software and Services
Sub-industry group = Application Software
Price per share (<$20) = $6.84
Price percent change today (>4%) = 10.14%
Strong breakout candle = Yes
Large gap from previous day's close = No
Recent price consolidation = Yes
Volume (>100,000) = 1.2 million
Today's volume greater than yesterday = Yes
Volume to SMA50 volume ratio (>1.5) = 6.68
Dollar volume (>100,000) = 8.1 million
Latest float (<70 million) = 17.6 million
Percent shares owned by institution (<70%) = 5%
Breakouts in past 5 days = No


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