Update (3): Financials Breakout After 3-mo. Consolidation

The following is another updated look at the setups that were highlighted in the August 3rd post "Financials Attempting to Breakout After 3-mo. Consolidation." (They are no long attempting a breakout; a full blown breakout has taken place.)

Over the intervening 3 weeks or so, the financial stocks have chopped around a fair amount, but have moving in an upward trend. While all of the setups have pulled off decent gains over the period, a couple have shown pretty outstanding gains that traders who participated in the setups would be quite pleased with.

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Update (2): Financials Attempting to Breakout After 3-mo. Consolidation

In this post, we take another look at the setups that were highlighted in last Monday's post "Financials Attempt to Breakout After 3-mo. Consolidation."

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Updated: Financials Attempting to Breakout After 3-mo. Consolidation

In this post, we give you an updated look at the setups that were highlighted in yesterday's post "Financials Attempt to Breakout After 3-mo. Consolidation."

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Financials Attempting to Breakout After 3-mo. Consolidation

The financial sector has, by and large, consolidated for the past 3 months or so. Over the past week or two, several stocks from the sector have started to show a willingness to make a push through resistance.

In many cases, the bollinger bands have started to expand sharply and that is a sign that volatility is going to increase and a new trend should soon take foot. Whether such a trending move is to the upside or the downside remains to be seen.

Our research over the weekend has left us with a handful of decent setups from the sector.

We're not quite ready to add them to the Long Stock Picks list, at the moment (for two reasons: the fact that there is already a good collection of winning picks on the list and we'd rather concentrate on managing that group, and the fact that there is a 50-50 chance that any upside breakout in the sector could prove to be a false one), but we'd like to share them here on our stock blog.

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