After a long run up $SBUX is taking a breather. Still within the down trending channel. if this doesn't break the channel, Look for this to come back sooner than later.
KMI is a great company that is wrongly grouped with oil stocks. Perfect candidate for a rebound. Wait until the channel breaks, holds, and volume spikes. This could be a hidden gem. Now, just wait
This is maybe the most important stock i follow. This gives me more insight into the economy than any other. Seems to be bottoming out before earnings. If it beats.....i expect the market to roar until fed raises rates.
$WFM is showing some strength before its earnings. Wait until the call until you buy. Needs stronger volume and show earnings are swinging positively
$BIIB will either break out huge to the up or downside. Drug trials released next Wednesday. No way to know. Still staying in my position, but stop is set at support
Can $RH hold the breakout? would be the first time closing over 101.50 aka the resistance level!!! GO GO GO !
$RH Needs to break the resistance at $100.50. If it does......ZOOM!
$HACK is still holding in the channel. Look for it to continue bouncing and bouncing up
$JACK is slowly bottoming. Money has stopped flowing out, but we need money to flow back into the stock before we buy. This week i expect the stock to pop or drop. Be ready either way. If stock pops and holds on the weekly, look to add or start a position.
I took a position in BIIB this past week. Buy point was $417.79. Stock has been consolidating from a high of $480.18. Stock broke the channel on Volume and crossed both the 20 and 50 week MA. I expected some pull back, but the tide has turned. Stop is at the 50 week MA. Stock should bounce off of that and break higher over the next 6 months or more.
It is no secret we believe in RH at trendyprofits. Not only do I think it has multi year potential....the stock continues to act well. This week the stock went higher on an analyst upgrade. Thats why we try and spot these trends before the analysts come around. Main street vs wall street is the key. Stay main street and with the trends.
$NKE crushed earnings, as expected by trendyprofits. This is a long term trend. The stock is now extended so I would not buy now. Expect the stock to come back a little as some take profits. Up to you if you want to buy, but too expensive for me to add. Will continue to ride my original position.
$RH continues to inch higher, trading in a tight range. CMF increase provides evidence to back this move is real. Needs to break $101 to reallllly run
$JACK looks to be stabilizing. Lets see how the week closes out
$RH looking good after earnings, gapping up and volume with it. Get to $100!!!!