The market is open today, so we better take a look at some possible trades.
And Amphastar (AMPH) fits the bill.
What things are good to look for in a breakout growth stock?
A hot sector.
A huge previous move.
A pullback.
Strong relative strength at the time of the breakout.
How does AMPH do?
Check, check, check, check.
Here’s the chart:
If AMPH breaks above $62.72, we could see a massive jump.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
