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Breakout Candidates For The Week Ahead

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With the S&P 500 printing new highs above the recent $1515 resistance, we expect more upside to follow into next week. Here are some long breakout setups for the week ahead 2/11/13.

Stewart Enterprises Inc. (STEI)

Weekly- Forming an ascending triangle with resistance at $8.40-$8.50

Daily- A confirmed breakout over $8.50 would suggest a long opportunity.

Citizens Republic Bancorp (CRBC)

Weekly- Weekly price forming between $17-$21

Daily- Breakout over $20.80 would suggest a long opportunity.

IntraLinks Holdings (IL)

Weekly-$7.00 level has acted as support and resistance for over a year.

Daily- Ascending triangle formation with $6.80 resistance. Breakout above would suggest a long opportunity.

First Midwest Bancorp (FMBI)

Weekly- Multiple year resistance at $13.50

Daily- Price failed to hold ascending triangle formation, but was bought up rather quickly. Near term resistance at $13. A breakout over $13.50 would suggest a long opportunity.

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