FREE DAY TRADING SYSTEMS RESEARCH

Channel Breakout : (Trading System 2)

We look for stock that break an old channel.
We buy when the stock go quickly above resistance, we do not wait for a confirmation. We go long as soon
as the stock break its channel.

We will provide a realtime alerts for this trading system.

Example of trade :

We have now a testing period from 14/10/2005 to 18/11/2005

Filters :
- Stock Price >1$
- Stock with a little spread
- Average $ Daily Volume > 10 000 000$
- Volatile Stock

Here is the performance over the tested period

Here is the percentage winning trade over the tested period

Trades of date 18-11-2005

Trades of date 17/11/2005

Trades of date 16/11/2005

Trades of date 15/11/2005

Trades of date 14/11/2005

Click to see performance :

Last update of this trading system :
Channel breakout - Week 12
Channel breakout - Week 11
Channel breakout - Week 10
Channel breakout - Week 9
Channel breakout - Week 8
Channel breakout - Week 7
Channel breakout - Week 6
Channel breakout - Week 5
Channel breakout - Week 4
Channel breakout - Week 3
Channel breakout - Week 2

Buisness :
DXP Enterprises, Inc. is primarily engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company is organized into two segments: MRO and Electrical Contractor. The MRO segment provides MRO products, equipment and integrated services, including engineering expertise and logistics capabilities to industrial customers. The Electrical Contractor segment sells a range of electrical products, such as wire conduit, wiring devices, electrical fittings and boxes, signaling devices, heaters, tools, switch gear, lighting, lamps, tape, lugs, wire nuts, batteries, fans and fuses to electrical contractors. The Company's products and services are marketed in at least 16 states to over 25,000 customers that are engaged in a variety of industries.

Financial :
For the nine months ended 30 September 2005, DXP Enterprises Inc's revenues rose 6% to $130.6M. Net income applicable to Common rose 61% to $3.3M. Revenues reflect an increase in sales of pumps, bearings, safety products and the mill supplies products. Net income also reflects higher gross and operating margins. The Company is engaged in the business of distributing maintenance, repair & operating products and service to industrial customers.