NAVR was a bit sloppy to what I normal like to see on a breakout (as the BOP was not green to max green in the base) but the blastoff to a new price high and bounce right off the 50 DMA on the price, volume, BOP, Moneystream, and RS surge could not be ignored. In a little under nine months, NAVR raced up 133%. It was not a huge gain but it was an easy gain as the breakout was near perfect (even if the base was not) and the uptrend was steady and smooth.
the buy:
the top:
Stocks Fear the Taper End Lower as Volume Swells
It was about time we saw the market close lower on heavy volume. At one point the Dow Jones Industrial Average was up more than 155 points. The market was clearly focused in on Ben Bernanke’s testimony and prepared comments then it would turn its attention to the release of the Fed’s meeting minutes. Hints [...]