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.
This alert is provided by trade-ideas.
More info for this alert.

Example of trade :

We have now a testing period from 14/10/2005 to 09/12/2005

Filters :
- Stock Price >1$
- Stock with a little spread
- Average $ Daily Volume > 10 000 000$
- Volatile Stock : Volatility > 0.4%

Here is the performance over the tested period

Trades of date 09-12-2005

Trades of date 08/12/2005

Trades of date 07/12/2005

Trades of date 06/12/2005

Trades of date 05/12/2005

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 :
Air Methods Corporation is a provider of air medical transportation services throughout the United States and designs, manufactures and installs medical aircraft interiors and other aerospace and medical transport products. The Company's divisions include Community-Based Model (CBM), Hospital-Based Model (HBM) and Products Division. The CBM Division provides air medical transportation services to the general population as an independent service. The HBM Division provides air medical transportation services to hospitals throughout the United States under exclusive operating agreements. Air Methods owns 100% of the membership interest of Rocky Mountain Holdings, LLC, which conducts both CBM and HBM operations. The Products Division designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products for a variety of customers.

Financial :
For the nine months ended 30 September 2005, Air Methods Corporation's, revenues increased 20% to $246.7M. Net income before accounting change totaled $8.4M, up from $3.4M. Revenue reflects increased flight revenue due to the addition of 10 new CBM bases & expansion of 8 contracts and higher sales of medical interiors & products. Net income benefited from increased gross margins due to higher flight volume for CBM & HBM operations.