EARNINGS TOMORROW (2/24) - BMO
Stock is in a healthy bull after breaking out of a 3-month base. Coiling nicely, showing tremendous relative strength. Trying to catch a price expansion through key level.
Earnings are tremendous and accelerating in 6 consecutive quarters, on a YoY and QoQ basis.
Recent breakout, pulling back in an orderly fashion to the 20-day line, exhibiting relative strength to the market indexes as they continue to falter.
Look for a bounce off of the 20-day line that clears Tuesday's (2/22/2022) high with a stop loss just under Tuesday's low.
Stock recently broke out of a ~10 month base and is forming a very tight VCP / high handle.
The stock continues to make new relative strength highs, giving very little back while the indexes struggle, showing its superior strength relative to the overall market.
Look for a breakout over the February 9 closing print of $51.54 with a stop just below the low of the VCP.
Extremely small company, under $1bn market cap. Not a typical 'tech growth stock' but they have really nice earnings growth and strong estimates for next year, as well.
Purchased a quarter-sized position on Monday as the stock came off its anchored VWAP and was showing extreme relative strength compared to the overall market. The stock is climbing the right...
Would like a pullback into the 50-day line to get long ACLS.
Just had a beat and raise report and has ran up on huge volume since. The growth estimates are very good and the company operates in what may be the best area of the market, semiconductors.
Added another quarter position as we cleared and held above last week's high and as the broad market continues to follow through, bringing my average price up to $246.99.
SPY and QQQ both had another good follow-through day today off of Friday's pullback lows. Neither is in the clear, however. They're also both facing up against key moving averages; SPY...
Began buying CF as it came out of its tight, coiling pattern from last week. The stock has exhibited extreme relative strength over the last couple of weeks of market turbulence. Volume patterns indicate massive institutional accumulation. Bought ~35% of max size in the morning and added ~15% of max size near the close, giving me roughly a half-sized...
NVDA is my first buy in close to a month after being stopped out of everything at the beginning of the month.
I bought a quarter position in the morning, followed by another quarter later in the day, bringing me to a half sized position at an average price of $238.86. Not in any hurry to add size until I get some traction with the shares I have.
The green light...
Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be...
Bought position into break of pivot from the previous earnings-gap run. This is the fourth attempt to breakout from this pivot. Stop loss below the low of the day.
Bigger picture, the stock is breaking out from a large base to new all-time highs and remains one of the leaders in the market. It has big growth numbers and is in one of the strongest areas of the market.
MRVL had a strong earnings gap back in early December, has consolidated and held onto the gains since. The company is showing strong earnings growth QoQ and YoY and is in a strong industry.
Bought shares as the stock appears to be coming out of a volatility contraction period and may be beginning a post-earnings drift higher.
Entered trade as SLI came through the previous week's high after a two month pullback to the 100-day line and experiencing volatility contraction over the last couple of weeks of trading. My stop loss is under Thursday's low.
If the Electric Vehicle trade stays hot, the lithium stocks, such as SLI, should continue to rise with the E.V. stocks.
Bought on the close as CHPT closed above the $20 level after a >30% decline. The stock also undercut its lows on the week before rebounding quickly.
Looking for a rip off this $20 level as it has done in the past. Will look to take some off at the 100-day & 200-day moving averages if we do get the pop.
Very tight stop loss, just under today (FRI 12/10) lows.
Trade opened off of the double-bottom from the PEG day low. This is my second time trying to buy this name this week. I originally bought on Monday as it began to reclaim PEG day anchored VWAP but was quickly stopped out that same day.
PUBM has good EPS growth & sales growth to support it. Buying off of this double-bottom offer a clearly-defined level to...
Started position as the stock came through its inside pivot & PEG day anchored VWAP. Ran up nicely before giving a lot of the move back in the afternoon.
CPRI showed massive growth in EPS last year (+205.52%) and estimates for the current year (with 2 quarters already reported) are EPS growth of 180.87% with sales growth of 33.37% supporting the EPS...
Doubled position size today as RBLX came through the highs on good volume. Stop loss raised up below the most recent swing low, as well as the PEG day anchored VWAP & the anchored VWAP from the double bottom.
Bought small position (~40bps risk) as UCTT broke to a higher-high & the weekly VWAP. Will add more to position if it follows through next week.
Looking for follow through after a 26% run from its PEG back at the end of October.
RBLX had a massive earnings gap, opening up nearly +30% from the previous day's close & closing out the day up over 40%.
It has since pulled back, making lower highs & lower lows until this morning. It made an equal low (that undercut the PEG day low) & has since made a higher high.
Bought a starter position. About 40bps risk with my stop at the double-bottom...