rossgivens

rossgivens

ESTA is setting up for an early entry long trade. There is significant supply near the $79 mark which has been getting worked through for several weeks. A move above this area should see a continuation of the cup and handle pattern and a test of the highs. My goal is to have a nice profit cushion when the price hits $88 and then add on a breakout into new high...

rossgivens

EVC has been trending beautifully for all of 2021. The stock is stair-stepping higher with a succession of higher highs and higher lows. The numbers are incredibly strong with this one as well. Relative strength is in the 98th percentile, and sales and earnings have both been growing at triple-digit rates for the last 3 quarters. The recent price compression...

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Kimco Realty is inches from triggering a fresh breakout buy. After consolidating for the last 4 months, price has tightened and the stock appears to have moved from weak hands to strong. The final shakeout on Sept 30 likely triggered the last wave of stop losses, and the path of least resistance is now long. There is clear resistance near the $22 mark. Consider...

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EVR is breaking out of a large base. Pullbacks have gotten shallow on a decrease in volume, and we now have a low-risk entry point to buy. I got long this morning at 141.50 when the stock took out last week's highs, and my stop is at 133.45. EVR is currently trading within 50 cents of my buy point.

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HCI is setting up in a textbook breakout pattern. Big sales growth last few quarters and the stock is up accordingly. Relative strength is in the 95th percentile, and the stock has held up well even with the recent selloff. Shares are consolidating, and contractions have shrank from 15% down to 5%. At the same time, volume is contracting - a sign that sellers...

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Stride (LRN) is an early-stage turnaround opportunity setting up in a textbook consolidation pattern. Pullbacks have shrank from 28% to 9% as volatility compressed into a tradeable window. There was clearly heavy supply at the $36 mark, but it appears buyers have now worked their way through it, creating a "line least resistance" as Jesse Livermore would say at...

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Monday's selloff is giving traders a second chance at the cup and handle breakout in CLR. The company is seeing huge sales growth on healthy margins and the stock's relative strength is in the 97th percentile. CLR has returned to its pivot buy point near the $41 mark. Using the low of the handle as your stop loss, traders can risk less than 10% with a target move...

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LRN is setting up in a textbook breakout pattern. Sales up huge with gains of 44%, 46%, 52% and 48% in each of the last four quarters respectively. Notice the pullbacks getting shallower from left to right. This is a sign that profit-taking is drying up and fewer shares are being offered as the stock trades from weak hands to strong ones. The volume contractions...

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AVY is completing a big cup and handle pattern. Earnings were up 77% last quarter and sales grew by 38%, so the growth is definitely there. The cup depth is only 13%, so my initial target would be around 260.00. But the risk is very low as well. We have a tight handle on the right side of the chart. If the current low holds, you could buy the breakout with just a 3% risk.

rossgivens

Medpace Holdings is breaking out of a textbook cup and handle pattern. As you can see in the chart, there were two possible entries on this trade. The first was an early "cheat" entry at 185.00 after the tightening pattern in the middle of the cup. The second and more technically correct entry point is here at 196.00 as MEDP breaches the high of the handle. The...

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Dexcom makes glucose monitoring systems for patients with diabetes. I don't see Americans getting healthier any time soon, so demand for the company's products should remain high for the foreseeable future. The stock is just breaking out of a high tight flag pattern. Technically, a high tight flag requires a move up of 100% or more, so DXCM comes up a little...

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As one of the only pure play on the lithium space, Livent is attractive given the trend toward electric vehicles. The demand for lithium is increasing every day, and LTHM stands to benefit from this. So, I've been waiting for a good entry on this stock. Livent is completing an 8-month cup and handle pattern. Based on the depth of the cup, the sell target is...

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Like many other recent IPOs, Verve Therapeutics set up in a nice technical base and is now beginning to break out. A series of lower lows shows that volume is drying up as pullbacks became shallower - a sign the stock is moving from weak hands to strong hands.

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Reliant Bancorp has excellent fundamentals. Sales and earnings have grown at 57% or more for each of the last four quarters. Additionally, the trend higher is clearly defined. 50, 100, and 200-day moving averages are stacked properly, and the stock is trading above its short, medium, and long-term trend. After a strong run up, RBNC has been consolidating since the...

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Draftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers. If the stock continues lower and breaches $48, I would look at add at $42. So there are 2 options: (1) Buy half position size here at $51 and ready to add the other half at $42. (2) Be picky and wait for $42 buy area if you're ok with the possibility...

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SPAC Artius Acquisition is acquiring and merging with in a deal of worth S$1.8b. $863MM in cash will come from the SPAC. w The deal is set to complete be end of Q2 2021, i.e. in the next 7 weeks. Origin Materials is a disruptive materials/chemical company that uses wood residue (timber feedstocks) to create carbon negative materials cost effective with oil-based...

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Carnival Cruise Lines, along with the other major cruise carriers, fell sharply during the COVID selloff for obvious reasons. CCL has been consolidating for almost a year to create a new price acceptance zone. But the stock is now breaking out on high volume. Look for a continuation higher on sustained volume as it enters price discovery mode toward higher prices.

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The stock broke out on more than 20 times its average daily volume, but ran out of steam. Shares pulled back to find buyers where we would expect, here at the high-volume area. Investors may consider a long entry here with a tight stop, anticipating a re-test and possible break of the previous highs near $6.50.