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NDE and FBC both moving up and out today. FBC rose above its 200DMA for the first time since January 2005, which could lead to some technical buying tomorrow.
UVN. Tight daily range the past two weeks. Estimates for the next two quarters are up 15% and 33% respectively, YOY. Pivot price is coming through 35.15.
Looks to gap open above the resistance line of the rectangular base it's been trading in. The base is about two points high so the target will be around 43.35.
Looks to gap open above the resistance line of the rectangular base it's been trading in. The base is about two points high so the target will be around 43.35.
So much for pre-market! Didn't gap open and now it's down 8 cents.
V-bottom pattern that could be called a continuation H&S. If so, the target objective is the distance between the head and the shoulders (about 1.7) added to the neckline (5.95) for an objective of 7.65.
Cooper candidate are stocks that have a high RS rank (95 or greater) and make a three-day pullback, either three consecutive lower lows or a combination of lower lows and inside days. Enter long on Day 4, 1 - 2 ticks above the Day-3 high.
The trade can be worked one additional day (lower low or inside day on Day 4, enter long on Day 5 one - two ticks above the Day-4 high). If it doesn't pop on Day 5, abandon the trade.
MCHX
DST
ISIG
DV
CSTL
BE
STFC
FARO
ABBI
CCBD
CGL.A
GMS
HGM
1. The MAs shift from proper downtrend order (10-SMA < 20-EMA < 30-EMA) to proper uptrend order (10-SMA > 20-EMA > 30-EMA). What you're looking for is for the MAs to converge and then spread out again, giving the appearance of a bow tie.
2. Today's low must be less than yesterday's low.
3. Tomorrow, place a buy order 1 - 2 ticks above today's high good for tomorrow.
4. If not filled, continue to work the order above the prior day's high good for the next trading day until either filled or the stock trades below its 20-day EMA.
5. If filled, place a protective stop below the lowest bar in the setup.
MCHX
DST
ISIG
DV
CSTL
BE
STFC
FARO
ABBI
CCBD
CGL.A
GMS
HGM
1. The MAs shift from proper downtrend order (10-SMA < 20-EMA < 30-EMA) to proper uptrend order (10-SMA > 20-EMA > 30-EMA). What you're looking for is for the MAs to converge and then spread out again, giving the appearance of a bow tie.
2. Today's low must be less than yesterday's low.
3. Tomorrow, place a buy order 1 - 2 ticks above today's high good for tomorrow.
4. If not filled, continue to work the order above the prior day's high good for the next trading day until either filled or the stock trades below its 20-day EMA.
5. If filled, place a protective stop below the lowest bar in the setup.
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