This one came up on scans. It's in a well defined channel, and has stochastic divergence on the (9,3), and just got an upgrade to "Outperform" from NYSE:RJF . Ideally, it will come out of the flag and move right to the top of the channel and into the profit zone. Buy: 18.55 Stop: 18.30 Target: 18.99 - 19.80 (2.37% - 6.74%)
Trend lines are converging. The channel is inside a huge triangle pattern. Stochastic Divergence on multiple indicators.
Need a green day to move the stochastic up and confirm divergence. This is a buy when it crosses yesterday's high. Buy: 88.90 Stop: 87.40 Target: 91.71 - 94.33 (3.16% - 6.11%)
This could easily hit the lower trend line. But, if the stochastic turns up and things start moving in a hurry, look for big moves as we head towards the breakout point of an ascending triangle. Buy: 12.76 Stop: 12.40 Target: 13.32 - 14.53 For comparison, look at the way NASDAQ:NAVI has blasted off the trend line after stochastic divergence and a few bounces.
I like this one, but it can easily break down and go lower before turning up. I do like today's candle so I'm putting it up for you. Just be cautious as the bottom could be another step down. Buy: 53.60 Sell: 52.10 Target: 57.59 - 60.98 jbzstocks.com
The reaction to a divergence that is about to bounce like this one could be strong and quick. The price diverged from the stochastic, bounced along the trend line and now the oscillator is oversold again. When this turns back up and moves, look for the price to blast off along with it. Buy: 15.75 Stop: 15.37 Target: 16.79 - 17.66
Quick falling wedge with stochastic divergence could play out nicely here. Buy 56.97 Target: 58.71 - 61.53
MSI has been coiling and now that the stochastic returned to oversold and has turned back u, it's time to move. B: 85.00 S: 83.50 T: 87.02 - 89.59 (2.38% - 5.40%)
There is divergence playing out on the daily, there is new divergence on the hourly, it is coming out of a downward channel and is currently coiling in a triangle pattern that is looking bullish. Looking for a move to the 200ma. Buy: 33.50 - 34.00 Stop: 32.30 Target: 38.37 - 43.18
GRUB is looking to breakout of the ascending triangle pattern. Looking for this to move beyond the target at some point. Buy: 52.75 Stop: 51.00 Target: 54.66 - 57.61 (3.62% - 9.21%)
Not a big fan of the sector right now, but double bottom divergence in an ascending triangle is pretty neat. Slow mover, but divergences at this point in the pattern lead to breakouts. Buy: 10.25 Stop: 10.00 Target: 10.49 - 10.80 (2.34% - 5.37%) +
NFLX has been great all summer. Technical Analysis has played out beautifully. Now it has formed an ascending triangle and we are looking to break on through the highs. If you look at the stochastic, often times there is a 2nd opportunity to enter a divergence position. When the stochastic diverges, gets overbought (80+), and then rolls all the way back down...
KHC is hanging around the lower trend line, but it should be making a move up. It has some divergence and is at the breakout point of a falling wedge. Wait for it to retake TL and move up before getting in.. could go sideways a bit. Buy: 79.00 Stop: 76.75 Target: 83.30 - 87.34 (5.44% - 10.56%)
Steep stochastic divergence at the breakout point of a falling wedge on a 2 year old trend line support of a parallel channel. Buy: 40.00 Stop: 38.70 (or trend line support) Target: 42.58 - 45.83 (6.45% - 14.58%)
GIS has moved down a parallel channel to trend line support. The stochastic divergence is signaling a move back up that should happen at the end of this consolidation period. Buy: 52.00 Stop: 51.00 (Trend Line) Target: 53.22 - 54.97 (2.35% - 5.71%)
Kellogg slight stochastic divergence in a falling channel. Looking for the bounce and possible move up out of the channel. Buy: 63.25 Stop: 62.30 Target: 64.57 - 66.98 (2.08% - 5.90%)
Gilead is moving nearing the breakout point of a triangle with stochastic divergence in the middle of the oscillator. Strong signal usually leads to big breakouts. Be patient, let it start moving up before getting in. Buy: 84.00 Stop: 82.75 Target: 86.27 - 90.00 (2.46% - 6.89%)
Stochastic divergence in a channel. I'm playing this one a little conservatively as it looks to be forming a rising wedge. There is still room to move up, but keep an eye on any reversal signals after you enter the trade. I'm confident in the move up and really like the reversal candle on 10/5 right on the trend line. Buy: 17.00 Stop: 16.70 Target: 17.50 - 18.50