Back from China; 2 Stocks Ripe

I'm finally back from China and into summer school. It's taken me a bit to get organized and get back on here blogging away.

Anyway, I've got two stocks I'm watching which are coming down to be good clean buys.

The first is JBX (Jack in the Box). This stock flew out of consolidation after reporting above expectations earnings. The day after it tested its breakout then went higher to 78 from 72. The stock has now come back down to around the 72 level once again with bollingers closing in on it and its 50 sma right below. I think this stock is a good buy at around the 72 level. I think the breakout point will hold again and the stock should remain strong. If the stock does break its 50 sma then I would give it a little leeway as there is a possibility for a trendline at around the 70 level.

The second is ATU (Actuant). This stock presents a very similar situation. You have a strong break from a triangle consolidation pattern and now a near retest coming at around the upper 54s where the stock finds support on its middle bollinger. I think the level offers good support and a nice place to buy this stock. The triangle pattern that it broke out of previously was large so it seems to have good upside from here. I would stop out on this one below the 50 sma.

That's it for now.