Notes: * Coming up on the right side of its base * Volume increasing with price * Two levels of resistance at which we can take partial profits. Technicals: Ticker: $RXST Sector: Healthcare - Medical Devices Relative Strength vs. Sector: 25.97 Relative Strength vs. SP500: 8.57 U/D Ratio: 1.7 Base Depth: 82.72% Distance from breakout buy point: 1.65% Volume...
The bottom formation is confirmed with rising Accumulation/Distribution and a nice, controlled base at the low. This is evidence of a Dark Pool Buy Zone, aka accumulation zone, where bargain hunting has occurred. But a bottom formation is a sideways pattern first, before it becomes a sustained uptrend. Resistance overhead is strong, so swing traders should be...
Notes: * Great earnings in the recent quarters * Strong up trend in the long run * Price has been increasing along with volume * Breaking out of a ~7 month base with higher than average volume * Also breaking out with a pocket pivot Technicals: Ticker: $WCC Sector: Industrials - Industrial Distribution Relative Strength vs. Sector: 86.62 Relative Strength vs....
Notes: * Great earnings track record * Very strong up trend * Pays out dividends * Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot Technicals: * Sector: Basic Materials - Chemicals * Relative Strength vs. Sector: 4.49 * Relative Strength vs. SP500: 6.32 * U/D Ratio: 1.38 * Base Depth: 29.41% * Distance from...
* Very strong up trend since inception * Great earnings in the recent quarters * Breaking out of a ~5week base * Pays out increasing dividends * Has lots of accumulation indicated by the U/D Ratio Technicals: Sector: Consumer Cyclical - Specialty Retail RS vs. Sector: 2.7 RS vs. SP500: 6.71 U/D Ratio: 1.66 Distance from breakout buy point: 0.17% Volume 9.58%...
* Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move Technicals: * Sector: Basic Materials - Agricultural Inputs * Relative Strength vs. Sector: 52.33 * Relative Strength vs. SP500: 8.92 * U/D Ratio: 1.61 * Base Depth: 71.26% * Distance from breakout buy point: 2.35% * Volume 196.27% above its 15 day avg. ...
* Strong recent up trend * Breaking out of a one month base * Pays dividends * Price looks good on all time frames. Technicals: * Sector: Energy - Oil & Gas Refining & Marketing * Relative Strength vs. Sector: 2.07 * Relative Strength vs. SP500: 6.83 * U/D Ratio: 1.25 * Base Depth: 32.41% * Distance from breakout buy point: 1.92% * Volume 14.33% above its 15...
Notes/Thoughts: * Great earnings record * Strong up trend * Breaking out of a ~13 month base with higher than average volume * Recently used historical highs of $65.56 as support * Last bullish hammer indicating tonnes of demand below $67.49 * Extremely close to the broken resistance of $67.49 offering a great risk/reward Technicals: * Sector: Basic Materials...
Notes/Thoughts: * Strong up trend in the recent years * Okay earnings with growth expectation * Closed just above resistance of $9.07 * During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average * A high Relative Strength along with the high UD Ratio shows this may be ready to move higher. Technicals:...
Notes: * Good earnings record * Very strong up trend on the monthly * Breaking out of a ~8 month base for the second time * Has been ranging tightly for the past few weeks between $123.27 and $119.94 Technicals: * Sector: Healthcare - Medical Devices * Relative Strength vs. Sector: 1.2 * Relative Strength vs. SP500: 3.88 * U/D Ratio: 1.13 * Base Depth: 20.9% *...
Notes: * Great earnings in the recent quarters * Strong up trend in the recent years * Breaking out of a ~11 month cup shaped base with higher than average volume * During the recent pull back the volume was decreasing indicating bullishness. Technicals: * Sector: Basic Materials - Steel * Relative Strength vs. Sector: 7.19 * Relative Strength vs. SP500:...
Notes: * Excellent earnings * Very strong up trend in the longer time frames * Breaking out of a ~5month cup with handle pattern with higher than average volume Technicals: * Sector: Real Estate - REIT - Industrial * Relative Strength vs. Sector: 2.29 * Relative Strength vs. SP500: 7.54 * U/D Ratio: 0.96 * Base Depth: 20.72% * Distance from breakout buy point:...
Notes/Thoughts: * Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot! * With increased hedge fund activity it makes sense to get in now * Has the relative strength and the UD Volume indicating that it's ready to move higher Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 11.25 *...
* Good earnings * Very strong up trend in the long term * Broke out of a ~4month base and now retested it as support * Sector: Healthcare - Drug Manufacturers - General * Relative Strength vs. Sector: 8.35 * Relative Strength vs. SP500: 2.56 * U/D Ratio: 2.21 * Base Depth: 26.05% * Distance from breakout buy point: 1.01% * Volume 145.18% above its 15 day...
$CRC - almost 75% Institutional ownership in this O&G name to its float. coincidentally, the current 7 months base pattern is met with positive Up/Down Volume ratio at 1.3 reflecting, high possibility of fund accumulation during the phase. clean pivot at $47 for BO
Notes: * Solid earnings in the recent quarters * Strong up trend in the long term * Broke out of a base on base pattern * Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again * The ~9 month base was just above historical highs of $73.19 setting it as support * Making new all-time-highs * For the past...
Technicals: * Very good earnings quarter over quarter * Steady up trend and seems to be starting a new leg higher * Sector: Technology - Information Technology Services * Relative Strength vs. Sector: 4.17 * Relative Strength vs. SP500: 7.42 * U/D Ratio: 1.45 * Base Depth: 27.85% * Distance from breakout buy point: 12.87% * Volume -24.65% below its 15 day avg ...
* Great earnings * Strong up trend * Breaking out of a 13 month base and retested it as support * Sector: Consumer Cyclical - Packaging & Containers * Relative Strength vs. Sector: 1.38 * Relative Strength vs. SP500: 3.17 * U/D Ratio: 1.28 * Base Depth: 21.42% * Distance from breakout buy point: 1.9% * Volume 14.3% above its 15 day average