Breakout Backed By Four Times Average Volume
Saturday, November 06, 2010 CANSLIM.net
Ezcorp Inc (EZPW +$2.09 or +9.34% to $24.47) gapped up today, rising from a 6-month cup shaped base without a proper handle, hitting a new 52-week high. Earnings have remained above the +25% guideline in its quarterly comparisons versus the year ago period, satisfying the C criteria. It also has a strong annual earnings history (A criteria). The number of top-rated funds owning its shares rose from 326 in Dec '09 to 383 in Sep '10, a reassuring sign with respect to the I criteria. It finished strong today after it was color coded yellow in the mid-day report (read here) with new pivot point cited based on its 52-week high plus ten cents. It found support near its 200-day moving average (DMA) line and has rebounded impressively since it was dropped from the Featured Stocks list on 5/07/10.