CRL is a stock which has recently appeared on my watchlist after comfortably clearing the double top formation from 2008. It had begun to trend well prior to this (since the golden cross in September 2014 - although price did retrace to retest the 200ma a few weeks later). The gap up on 11th February saw price convincingly clear the $70 round number and recent...
I last looked at FSL a couple of weeks ago on the second gap up after the break of 2014 pivot high. This gap up on 13th February was not a convincing one (due to the indecision candle) so the subsequent pullback was not unexpected. However, the gap did not get completely filled - and yesterday's gap up (on higher volume) comfortably cleared the most recent pivot...
Since breaking above $100 a few weeks ago DIS has been on my watchlist. The first opportunity to enter was after the first bull flag/retest of the $100 figure - as this showed resistance turning into support. This may have been a little early to be confident that the gap would hold - but either of the subsequent breakouts offer more solid conviction that the...
IPGP is a possible near-term buy opportunity. It is not trending well so is not a longer-term trade right now. Yesterday's gap up offers a near-term buy due to the increase in volume on both this and the previous bar. Friday's bar (6th February) was actually more bullish and broke out above the strong resistance (at $78.59) and above the round number ($80)....
Pepsi came up to hit the gap, now it's time to go back down.
Price might retrace back down to 6.80 level. If it does, that could be good opportunity to buy in. As always, watch closely the price of oil, CL1!.
Were in earnings seasons.. Stocks are gaping up every morning of good earning and gaping down of bad earnings and $BA has the stair step pattern for earnings... Its risky to trade earnings unless your have a strategy which i will be putting out soon. I would short this unlessit goes above the resistance level
This is a setup idea for a short at 476. There's a lot of swing in this one. As always, look at the larger time frame. We're triple-topping on the monthly (and that can be seen on this chart, too). Price is up from around $90 two years ago — is NFLX is really worth five times what it was February 2013? The upper level is 476. If it gets to that level, go short....
GPC has spent most of 2014 in consolidation. The high of February proved to offer very strong resistance and price tested it a couple of times before finally breaking through. Once resistance had turned into support the uptrend has continued with some momentum. On the daily chart there was a bit of stickiness around the $100 figure but now there is no specific...
CTAS has been in good uptrend for some time but had a fair bit of resistance to tackle before being considered for a long-term buy candidate. At the end of 2013 price finally broke through the 2002 pivot high ($56.62) and the weekly chart shows the subsequent retest (as a double bottom) converting previous resistance into support. Since the confirmation of this...
Overall KMX is not a great trending stock but has been in a bullish move for many years. So today I would only look for a near-term buy opportunity even though it has been trending well since breaking above the 2013 high ($53.08). In late October price broke above the 2013 pivot high and this time the move stuck. There was a retest to turn previous resistance...
I last posted on PETM on 19th November when price gapped up past the very strong resistance from October 2013. At that time I recommended standing aside until this level had been retested. If anyone bought this short-term the trade would've probably broken even or realised a very small profit. Since then price has come back to retest $77.32 and the pivot held...
CNC gapped up on Friday, despite the overall bearish move on the US Indices. This was a quite significant move as there are a number of reasons to support a continuation of the uptrend - in the near-term at least. Firstly, price gapped up above 3rd December high of $101.83 and the $100 figure. Second, this also confirmed a bull flag formation or, if you prefer,...
I have posted on ORLY before (in early November) and since then it has gone on to experience a lovely linear trend. After the first gap up I was waiting for a pullback followed by a breakout to enter the trade. This happened on the day of my last post so I was able to enter on the next bar. Yesterday's gap up added to my equity so overall I am happy with this...
Gap above the line at 42.75 would be a great trade. It could possibly not retrace if it gaps above here. Another scenario would be wait for it to retest and bounce on a 5 min chart. Should be above the EMA's and overcome the most significant previous down candle.
Until earlier this year RCL had been in consolidation since 1999. After price finally broke above $58.88 a good trend began to develop but was seriously hindered by the October pullback. This breached the 1999 pivot high and the 200dma but it was not all bad news - a cup and handle chart formation developed on the daily chart suggesting a move to the upside...
FDX has been moving up since it's 2009 low but took some time to regain the ground lost from the 2007 high - with a long period of consolidation along the way. Since breaking above the 2007 high ($121.42) late in 2013 price has still struggled to fall into a linear trend. However once price broke - and retested - the $150 zone a smoother trend has developed. In...
The markets were skittish yesterday so the breakout list today is not the best. As a longer-term trader I would not want to trade ESRX. While this stock has been bullish for years the pullbacks can be very deep. Trends only last at the most for a few months. However, this may suit other traders who like to trade shorter-term. The first gap up passed $80 (and on...