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...
We have multiple short positions open on EURUSD for some time and will look to add to them if price continues to trend downwards. However, at the moment price is in a consolidation and so we will wait for a breakdown of the recent low before committing any further funds.
If price deals above the resistance zone then we may consider exiting our positions but for...
I am not looking to take any shorts at the moment, but if I were RDC offers a good set-up.
On the weekly chart there was a very long period of consolidation followed by a convincing move down. Once price was below the 50ma and had cleared the consolidation zone the trend began to develop. There was a pullback in October/November but a bearish engulfing pattern...
I have posted on ORLY before (in early November) and since then it has gone on to experience a lovely linear trend.
After the first gap up I was waiting for a pullback followed by a breakout to enter the trade. This happened on the day of my last post so I was able to enter on the next bar. Yesterday's gap up added to my equity so overall I am happy with this...
I looked at LOW a few weeks ago, just after it had gapped up past $60. For those who traded it on a short-term strategy a nice profit in excess of 100 points would have been banked. Those who took a longer-term stance will have seen their equity rise by 250 points plus - so far.
LOW continues to make new highs and, after a stickiness around $45-$55, looks to be...
ERIE appeared on our breakout list today. It is not a stock I would normally consider as it is not an S&P500 company. Volume is low, which makes liquidity low, and difficult to trade in the UK. However, I like the look of the chart so thought it worth analysing.
ERIE trended well until consolidating from 2011-2014. There were a couple of fake breakouts in 2013...
FDX has been moving up since it's 2009 low but took some time to regain the ground lost from the 2007 high - with a long period of consolidation along the way.
Since breaking above the 2007 high ($121.42) late in 2013 price has still struggled to fall into a linear trend. However once price broke - and retested - the $150 zone a smoother trend has developed.
In...
On one of my other posts today I looked at LUV - another airline. LUV offers both a long-term and near-term buy opportunities. For SAVE, however, I would only consider a near-term opportunity.
SAVE had a good breakout and retest after breaking above the September high. It has now gapped above the more recent November high and $80. However, I do not have much data...
ABC has been in an uptrend for many years - with some periods of pullback and sideway movement on the way.
In more recent times a mini pattern had emerged (on the daily chart) of a move up followed by several weeks of consolidation. This can be frustrating, even for longer-term traders. But since the gap up (on earnings and higher volume) on 30th October a...
ROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high.
For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy...
NKE has cropped up quite frequently on our breakout lists lately. It doesn't have a very linear history (pullbacks tend to be too deep for most risk management structures).
But since breaking above the $80 mark it has offered several opportunities to buy. The October pullback was not too deep, remaining comfortably above the daily 50ma. Once price broke $90 NKE...
