Skip to main content

Free list of Bollinger Band Breakouts for Dec 26, 2008

As another byproduct of the Alert HQ process (read about Alert HQ) we have generated a list of stocks that have broken above either their upper Bollinger Band or below their lower Bollinger Band.

Bollinger Bands are a technical analysis tool invented by John Bollinger in the 1980s. They are an indicator that allows users to compare volatility and relative price levels over a period time. The indicator consists of three bands designed to encompass the majority of a security's price action.
  1. A simple moving average in the middle (we use a 20-day MA)
  2. An upper band (SMA plus 2 standard deviations)
  3. A lower band (SMA minus 2 standard deviations)
Many traders use them primarily to determine overbought and oversold levels, selling when price touches the upper Bollinger band and buying when it hits the lower Bollinger band. In range-bound markets, this technique works well, as prices travel between the two bands like balls bouncing off the walls of a racquetball court. This approach is supported by Bollinger himself, who also suggests using other indicators in combination with Bollinger Bands in order to confirm buy and sell decisions.

Bollinger also discusses another way of using the bands for trading. Closes outside the Bollinger Bands can be interpreted as continuation signals, not reversal signals. This approach has been the basis of some very successful volatility-breakout systems.

Today we offer a list of those stocks that closed above or below their respective upper or lower bands on Friday, Dec 26. Right click on the following link and save to your computer: TradeRadar Bollnger Band Breakouts

Those that closed above the upper band are labeled "Bullish Breakout." Conversely, those that closed below the lower band are labeled "Bearish Breakout."

As John Bollinger recommends, it is important to use other indicators to confirm whether the breakout is a continuation move or not. Or, as I always suggest with respect to Alert HQ signals, add a few of these to a watch list and see what happens.

Comments

Popular posts from this blog

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation

Trade Radar gets another update

Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here:   https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.

Interactive Ads - Google one-ups Yahoo again

Google's ( GOOG ) press release describing the expansion of a beta program for what are being called Gadget Ads has again shown that Google is unparalleled at melding technology and advertising to benefit its bottom line. Gadget Ads are mini-web pages or "widgets" that can be embedded within publisher pages. I have written in the past on Yahoo's ( YHOO ) Smart Ads and how, by more precisely targeting site users and adjusting ad content accordingly, they provide a much desired evolution of the banner or display ad format. Though Smart Ads and Gadget Ads are not really the same, I think it is fair to say that Google has seen the challenge of Smart Ads and has chosen to leapfrog Yahoo by rolling out its own update to the display ad format. The evolution of the Gadget Ad -- One of the trends on the Internet over the last year or so involves software developers creating "widgets" which can be hosted within web pages and blogs. Widgets can be pretty much anything