Clearway Energy (CWEN) is showing all the signs of a pending breakout move higher. The stock has formed a base from November to present with price action compressing and pullbacks getting shallower from left to right - a sign that supply is no longer coming to market as the market works through sell orders in the $37 - $38 range. CWEN is an alternative energy...
OTTR just completed a 7-month cup with handle pattern, triggering a buy at the $70 mark. The fundamentals are incredible for this company. Sales are growing at 40% per quarter and earnings are up by triple digits. It meets all 9 of William O'Neil's CANSLIM scan criteria, and even has bullish 2023 estimates from analysts. There is a risk, however. First and...
Kinsale Capital Group (KNSL) is a mid-cap property and casualty insurance provider currently breaking out into new high ground. The insurance group is ranked in the top 10% on the basis of relative strength. In other words, insurance stocks are outperforming 90% of the market. And Kinsale is the #1 name in the group in terms of earning per share, relative...
$CVE - Energy | Oil & Gas Integrated blow out quarter from ER yday, posting a record EPS of +0.92 (YoY +940%), and highest sales revenue of 12.95B (YoY +52%) cleared AVWAP from ATH with imminent golden cross from short term MAs (10v20). a trajectory to resumption of its uptrend
$SGFY - Healthcare | Health Information Services 15 mths into IPO, $SGFY traded as low as -66% to a ATL of $11 range. the level is acting as a major support with price action bouncing off the range on 4 occasion in 2022 wkly price action reflects a DTL BO since July. ER on 3/8
$ARIS - Utilities | Regulated Water Utilities is the 2nd best performing sector over last 6mths (after Energy). also the only 2 sectors that remains on +ve on past 1 yr $ARIS microcap name, strong U/D Vol Ratio. recapturing $22 ATH looks imminent, for a overhead resistance BO
McKesson is breaking out from a textbook volatility compression pattern. After a strong run higher in Q1, shares have formed a base with pullbacks shallowing from 12% to around 6% - a sign that sellers have been exhausted and supply is no longer coming to market. This will allow the stock to accelerate freely as demand increases for this stock. Fundamentals look...
All Stocks on our watchlist are absolute top picks and fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points. www.tradingview.com Featuring a few stocks: PBH With its next quarterly earnings report set for around Aug. 4, Prestige Brands (PBH) is trading approximately 10% shy...
The stock TPL in our JS-TechTrading portfolio reached its profit target and we have closed the position scoring a quick 11% profit after only a few days. The stock is acting great, swing-traders can also close only 50% of their position and go for a larger move on the remaining half position. The other option is to move the SL up to the break-even level and...
The stock NXST on our watchlist crossed a low risk enty point and generated a buy signal, we have added the stock to the JS-TechTrading portfolio. SL is less than 5.3% (SL at 163.3), win target is > 11%. NXST has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume . Until now, the price / volume...
S tock Market reversed lower after key test, partially fueled by more worries about the economy Apple (AAPL) plans to slow hiring and spending in some divisions next year which concerned traders yesterday. Monday's weak session was another reminder that many sellers and lots of overhead supply is still putting pressure on the markets. What should Swing...
The futures of the major market indices rose Sunday night which is a promising indication that the current little rally might turn into something bigger. Attached is the link to our updated watchlist: www.tradingview.com All stocks on our watchlist fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have...
MGPI is setting up in a potentially powerful breakout pattern. MGP Ingredients is a distilled spirits company. Alcohol stocks are often seen as defensive which would make sense why we are seeing money flow into these names right now. But the group as a whole saw a huge advance in 2020 during COVID lockdowns, so do not underestimate their power to perform. The...
Enphase Energy is a solar stock setting up in a textbook breakout pattern. Pullbacks have shallowed from over 50% at the start of the bear market down to 14%. This volatility compression shows accumulation in the stock and a transfer from weak hands to strong. The numbers are tremendous on this one. As you can see from the MarketSmith numbers at the bottom of the...
ITCI is a biotech setting up for a potential breakout at the $60 level. The biotech sector is showing market-leading strength off the lows with many stocks in this group at or making new highs. Relative strength ranks 97/100 and the company has seen triple-digit sales growth in each of the last four quarters. Look for a breakout above the $60 mark on...
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 5.74 ✨ It means if you risk here 1000$ you may make 5740$ Not bad, huh?
this stock is one the best performer of BIST market in the last 12 months. Its price behavior according its RS, is better than 90% of other stocks, in its the 2nd leader of its group. the fundamental is great and its income and EPS has accelerated annually and quarterly. and the most important is its reliable chart pattern made in last 3 months . breakout beyond...
$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