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Friday, February 10, 2012

Breakout of the Day - NEP

Stock = China Northeast Petroleum (NEP)
Industry group = Energy
Sub-industry group = Oil & Gas Drilling & Exploration
Price per share (<$20) = $2.63
Price percent change today (>4%) = 13.85%
Strong breakout candle = Yes
Large gap from previous day's close = No
Recent price consolidation = Yes
Volume (>100,000) = 591,000
Today's volume greater than yesterday = Yes
Volume to SMA50 volume ratio (>1.5) = 4.58
Dollar volume (>100,000) = 1.6 million
Latest float (<70 million) = 32.9 million
Percent shares owned by institution (<70%) = 23%
Breakouts in past 5 days = No


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