On Holdings, the maker of OnCloud tennis shoes found on soccer moms everywhere, is one of the hottest stocks in the market right now.
It went public in 2021, just in time to get hammered in the bull market.
But shares have come back with a vengeance.
ONON has already doubled this year and is making new all-time highs as I write this.
Notice the textbook...
Vontier is an industrial machinery company setting up in a textbook breakout pattern.
After surging more than 50% off the October lows and reclaiming its 200-day moving average, shares have consolidated in a series of shallowing pullbacks. Retracements have tightened from 11% to 7% to just 4.5% with resistance at 27.50.
Look for a breakout above 27.60 on above...
Agilysys ($AGYS) is showing tremendous strength here. After news the company inked a property management deal with Marriott last month, shares surged 33% in 2 days with minimal retracement.
AGYS is now forming a small consolidation base in the $76-$80 range and holding its 10-day moving average (yellow line).
I am taking a small pilot position here with a stop...
RBC is seeing incredible growth. I've overlaid the last 4 quarters of sales and earnings growth from MarketSmith on the chart. Any company that can double their sales every quarter for a year has explosive upside.
The numbers of institutional funds who own the stock is steadily growing, and it is owned by some of the best-performing mutual funds including T.Rowe...
Dicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern.
After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level.
Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the...
CSIQ is a market leader in today’s #1 sector - solar energy.
Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle).
The pink...
Catalyst Pharma (CPRX) is an absolute monster. Not only is the company posting huge sales and earnings growth in a sector that rarely has either, the stock has more than doubled over the last few months.
There are 801 stocks in the biotech group tracked by Investors Business Daily, and CPRX ranks at the very top (see image in chart).
After such a large advance...
NBIX is in the biotech sector which I have been highlighting for several months as one of the strongest areas in the market.
After emerging from a textbook breakout pattern in early August, shares have consolidated in a tight handle formation.
If you look at the relative strength line at the top of the chart, you will notice three pink dots over the last several...
Is there a Bullish Flag setup potential in all mix of things? Well, probably.
Aggressive Traders can look for buying opportunities that extend above the breakout and potentially stretch to 0.6855 that went slightly beyond the first Shark Pattern completion.
Bearish Shark Pattern traders will then need to wait for candle confirmation before any attempt in...
