Last Friday I added three positions to The Rogue Portfolio: PSS, CBE, and TAP. This post provides charts and explanation on each of these picks.

First, you can see a daily chart of TAP above. Here we have a breakout on above average volume. I’m not blown away with this chart but combining the high volume and consecutive days closing on highs sold me on this trade.

I’m looking for a solid follow-through tomorrow and for volume to stay high.

Next, here’s the chart for PSS:

This chart is similar to TAP but I expect more out of this trade because there are four big days of accumulation  within the last two weeks. Also, the MACD is making new recent highs which is a bullish and healthy sign.

Lastly, we have CBE:

This trade could be very short term. As you can see on the chart, there is about a 4% window before resistance becomes a factor. The big issue with this chart is the massive surge of volume we have seen in the last five days. The most reassuring of the days is definitely the breakout on Friday with the largest volume overall.

Because of the ultra-high volume, it would be reasonable to see the resistance be broken and for this stock to move even higher. I would expect further volume to support such moves.