MD was trending really well until early 2014 when there was a prolonged correction/pullback. Since then it has outperformed the S&P by some distance. Price took it's time to comfortably clear the $64 zone, finally doing so on 29th January 2015 with an extremely large, bullish bar and higher volume. More recently, Friday's bar closed above the $70 round number...
The uptrend for SPR is still a little erratic. It has been using the daily 200ma as support rather than the 50ma - so the pullbacks have been deep and prolonged. This has not made it easy to trend trade. However, since breaking above the 2007 high ($41.72) we have seen a slight change in personality. Price did struggle at this level and retested the area three...
as you can see we are near support area and we have long time divergence which may cause increase the volume in the market and increase the price I think we could enter to low risk long position. it's better to break at least a last swing in lower time frame.
With the US indices in a mini-range right now there aren't many breakout opportunities. BRX is a good trending stock but has only been trading for just over a year - so not one I would look to trade at the moment. However, despite some erratic volume (on relatively small bars), it continues to push up in a fairly uniform fashion. The pullbacks are generally not...
I last looked at JOY on 12th December 2014 when it gapped down (confirming an inverted cup and handle formation). At the time there were still a few support zones to tackle - plus earnings. So although I felt that in the longer-term price would continue to fall I wanted to wait for price to clear these hurdles. Unfortunately this meant waiting for the cup and...
HSP is a stock which cropped up on my stock scan at the weekend. It has appeared before but wasn't of interest to me until it clearly broke the 2010 pivot high of $60.49. The move in December 2014 could well have been a head fake but the hammer/reversal candle on 6th January suggested a continued move to the upside. The resistance-turned-support was almost...
SPG caught my eye yesterday morning with 14th January's bullish bar on the breakout (and with higher volume). But it was trading below $200 so I passed it by. However, during the day price traded just above $200 ($200.42) so there could be continued strength to the upside. This is supported by the cup and handle pattern which formed below the May 2013 pivot high....
IDXX has just broken up out of a nine week pullback. Price struggled to break above the $150 half-figure zone during that time. Prior to this there was a very deep pullback (September/October 2014) which broke below the weekly 50ma for several weeks. However, price is currently in an uptrend, despite the recent pullback - which, in fact, formed an inverted head...
HHC is a little low on volume for me to trade but I like the sell/short set-up currently on offer. Price has the potential to fall to just below $104. There is currently strong support at around $100 (as seen from the weekly chart) and, if price approaches this level, we need to we aware of the weekly 200ma (which may come into play as further support). On the...
EW has been on my watchlist for sometime. It was a great trending stock throughout 2014 but became of real interest when it it gapped up above the 2012 pivot high in October last year. Since October it has continued to trend up well, with several bullish flags but, over the Christmas period, has gone into a mini-range. This mini-range could well be a double...
AWK has been trending nicely on the weekly chart since the beginning of 2014. But on the daily chart there were two deep pullbacks (in August and October) which, although just within the bounds of acceptable, would've meant several months of little real profit. However the overall trend is up - with higher highs and higher lows, so if you are comfortable holding...
SCG has spent the best part of 18 months trying to break out above the 2013 high. When it did so (in November 2014) the move was fairly clean but this was too soon to consider an entry (after such a long consolidation). However, over the Christmas period there have been two very bullish bars - the first confirmed a small flag and the second was on higher volume....
HAIN had a sticky patch for most of 2014 with a lengthy consolidation lasting from January to September. Since then it has behaved reasonably well with a continuation of the bull trend. There was a larger-than-expected pullback in October which breached the previous pivot high and the $100 figure - but the daily 50ma just about held as support. Now price looks to...
CHKP reached a high in 2000 of $118.64 and then fell into decline. The move back up has been unsteady so not a great stock to trend trade over the longer-term. But since late October (which retested the 2012 pivot high) the momentum to the upside has become more linear. With yesterday's bar being very bullish (on higher volume) the uptrend looks set to continue....
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...
GGP has fallen a long way from it's 2007 high but has been steadily creeping up since bottoming out in 2009. This stock started to trade above the daily 200ma earlier this year but was still not displaying the hallmarks of a strong trend. The pullbacks, while not excessively deep, were quite prolonged and kept retesting the 2013 pivot high. Since September we...
I last analysed RCL a few weeks ago on the gap up following a cup and handle formation. At the time I recommended a near-term buy (which would've realised a small profit) but to hold off for a longer-term trade. Since then price has made a new high, pulled back slightly and then yesterday's bar broke out confirming a bullish flag (plus breaking the $80 mark on...
DDD is a stock I looked at shorting on 13th November. At the time I wanted to see the weekly chart close below the 200ma and for price to clear the $28-$30 zone. The weekly did end below the 200ma but the following two weeks saw price retrace. However, the overall trend remained bearish and a small head and shoulders pattern formed on the daily chart - giving...