Sunday, January 27, 2013

Avigilon (AVO-T), Catamaran (CCT-T) Strong Stocks with Bases

When hundreds of stocks are hitting new all-time highs the challenge can be finding stocks that are breaking out of proper bases. It's important to avoiding chasing. Here are two Canadian stocks that have performed well over the last years and currently have a solid base to move from.


Avigilon (AVO-T) is a fast growing Canadian company focused on bringing HD to the security industry. It was one of the best performing stocks in the country last year. It now has a 2 month base and sits above the 50 day moving average and just below the round number $12.


Catamaran Corp (CCT-T, CTRX-Q; formerly SXC-T, SXCI-Q) provides healthcare technology  and benefits management across North America. It has shown impressive growth over the last years. While it has gone up 10-fold since 2009 and 70% in the past year, it has spent the last nine months consolidating under the psychologically important $50 dollar level. It has just started to move to new ATHs.


If it is extended in price, leave it alone; it's too late. Chasing stocks, like crime, doesn't pay.
- William O'Neil (How to Make Money in Stocks)

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