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Zacks #1 Stocks on the Move 04/17/2014

Company Name Symbol %Change
DIXIE GRP IN DXYN
7.90%
GLOBAL EAGL ENT
6.72%
AGENUS INC AGEN
5.81%
TAOMEE HOLDI TAOM
5.22%
BOFI HLDG IN BOFI
4.97%

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PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Is 1508 Proof of a Breakout?

Tuesday marked the 3rd straight close above 1500. Normally that would solidify that a breakout has taken place. However, there are some crucial events occurring today that could change all that.

Like what, Reity?

Q4 GDP and January's ADP Employment reports are on the docket. If these vital reports fall well short of expectations, then the breakout will be stopped in its tracks.

Gladly, if the news is positive, then the breakout will likely continue up to the all-time highs at 1565. There we will likely have a greater battle on our hands. And thus a great spot to take more profits.

Featured Commentaries:
•  Zacks Top Earnings ESP Stocks

•  Top Screening Strategy: Increasing Sales and Profit Margins

•  This Week's Value Stocks

Best,

Steve Reitmeister (aka Reity... pronounced "Righty")
Executive VP, Zacks Investment Research

 

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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The Zacks #1 Rank average gain of +26% per year was authenticated through a 1986-2011 audit by Baker Tilly, an independent accounting firm, in accordance with attestation standards established by the American Institute of Certified Public Accountants. For more information about this audit, contact our member support team at 1.312.265.9339, or email support@zacks.com.

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