Scottsdale, AZ (PRWEB) April 18, 2006
Breakout123.com is a top-notch stock picking service which says that 2006 is a stock-picker's year. The publisher says that with the 1st quarter of 2006 behind us, many stocks have shown impressive performance.
Breakout123.com uses what it calls a 20/4 threshold, where 20/4 stands for a 20% or more upward move in the price of a stock within 4 weeks. Using this threshold, many of Breakout123.com's recent picks have indicated that a slew of such 20/4 type moves have become available in recent weeks. To prove the point, Breakout123.com issued its stock picks from the recent most 4 weeks and, indeed, such superior performing stocks have shown up. Examples include Empire Resources (ERS) up 47% since 3/20/06, Century Aluminum (CENX) up 27% since 3/27/06, Eagle Materials (EXP) up 27% since 3/14/06, USG Corp (USG) up 20% since 4/3/06, Drill Quip (DRQ) up 20% since 3/23/06, etc.
Sensing the high gold and crude oil prices, higher interest rates, a slowing housing market and continued Iraq war problems, one would think the stock market would be shaky. Breakout123.com states what seems logical is not in the stock market. Hence, the lack of performance by most folks on The Street. The market is a forward looking and discounting mechanism. It also is a refuge for funds when returns elsewhere seem to be hard.
The stock market and its recent new highs seem to indicate that a stock picker's market is here and the right stocks at the right time seem to be poised for some stellar returns in a confused market place.