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 16/12/2005

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 16-12-2005

Trades of date 15/12/2005

Trades of date 14/12/2005

Trades of date 13/12/2005

Trades of date 12/12/2005

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 :
CD&L, Inc. (CD&L) is a national full-service providers of customized, same-day, time-critical, delivery services to a wide range of commercial, industrial and retail customers. The services provided include rush delivery service, typically consisting of delivering time-sensitive packages, such as critical parts, emergency medical devices and legal and financial documents from point-to-point on an as-needed basis; distribution services, providing same-day delivery for many pharmaceutical and office supply wholesalers, for manufacturers to retailers and inter-branch distribution of financial documents in a commingled system; facilities management, including providing and supervising mailroom personnel, mail and package sorting, internal delivery and outside local messenger services, and dedicated contract logistics, providing a comprehensive solution to corporations that want the control, flexibility and image of an inhouse fleet with the economic benefits of outsourcing.

Financial :
For the nine months ended 30 September 2005, CD&L, Inc.'s revenues rose 13% to $163.7M. Net income totaled $1.9M up from $670K. Revenues reflect an increase in volume from new and existing customers and expansion to new geographic locations. Net income also benfitted from improved gross sales margins, reduced interest expense, higher interest income and other higher business related income and lower business expenditure.