Just alerted to a base pattern breakout on the same...I don't see it but I was in the middle of this so here is what I see.
New Pattern heightens target after recent moving average crossover (see related ideas). Trend likely to continue in spite of market pullback.
The 20 is crossing the 50 at the morning open. Will the melt up continue :)
If this crossover happens this may turn back into and uptrend, and it's off to the races!
This looks like a nice pullback to a point of resistance. This could be a good entry for a climb to a new high if the market continues to melt up and we see any decent volume come in, especially since the retail sector has turned bullish this month (see XRT).
This symmetric triangle looks pretty good. Watch for a confirmed breakout on a closing daily candle, or a morning breakout on high volume. Void if it breaks below the triangle.
Looks like another breakout to me. I know the pullback breaks the pattern, but since it was a market pullback it's likely that TTD will act like the pattern would have if it had been intact.
Altria is finally trading above the 200 SMA and been trending up since the beginning of Oct. The ex dividend date is 12/24 and the dividend yield is an excellent 6.7%. It's PE is also pretty darn good at 12.82, and the consensus target price is 54.86. That would be 7.29% upside (it's current price is 51.13), plus an incoming dividend payment. IMHO this would be...
Given that volume, those candles, the imminent ma crossover, and the fact that the ex dividend date is 12/26; I would say this is setting itself up to be one nice swing trade. If that volume starts climbing in the am I'm all over it.
Did PEP finally get the energy it needs to break through resistance and move on to new highs? Only Santa really knows!
If we get a little pullback after the big rally this week this ETF could prove to be a nice swing for next week. The ma's look good either way.
The crossing of the 180 ema , and the CMF say "ready for lift off"....strap in boys and girls; let's see if I'm right.
When for the same money you can just buy a handful of their ETF's each year instead and literally beat the market instead of just being told how!
Don't let it fool you. Shrinking volume could suggest it wants to pull back to support, so keep an eye on it if your long like I am.
Watching for a pullback to the 10 to add to my position. As long as we keep trending it seems to like bouncing off the 10 and riding the 5.
I know this this has been choppy as H E double hockey-sticks, but it seems to always climb after a 50 ma crossover without fail. For those who haven't been shook out, you just may be rewarded soon. For those who have, watch for a 50 ma crossover on good volume for another shot at it. And for all, if that 20 ma crosses beneath the 50 ma instead, drop it like a hot...
This is looking overbought, but check out the pattern forming, and consider the recent 20/200 ma crossover, and apparently a 50/200 ma crossover is imminent!