New Position: TRAK

TRAK caught my eye last week in the IBD 100. It was one of few stocks which were not over-extended above a recent base. The chart looked prime for a breakout, so I added it to my watch list.



The stock has completed a clean breakout, although the volume on the move was not spectacular. The company DealerTrack Holdings has no debt and is growing revenues and quarterly earnings at a pace of 35% year-over-year.

Watch Wallstrip tackle TRAK here.