It's hard to find a better-trending stock chart than BioTelemetry (BEAT) . From the lows made in early April, the stock is up a stunning 100% in just five months' time.
The chart, below, shows a strong pattern of higher highs and higher lows, with strong turnover. Notice the late July surge on powerful volume -- this is a day that shows us big institutions are piling in.
Even last week's breakout on high turnover was thing of beauty, with the Moving Average Convergence Divergence on a buy signal and momentum fully embedded. The stock often takes a rest and pulls back toward the 20-day moving sverage (dotted line), which might be a great place to get on board the train.
This commentary was originally sent Sept. 5 to subscribers of Trifecta Stocks. Click here to learn more about this portfolio, trading ideas and market commentary product.
-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.
At the time of publication, Lang and Trifecta Stocks had no positions in BEAT.