Time to AMPH Up?

by | Dec 26, 2023

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.

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