Category: 50 day ma
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Chart of the Day: PANW and Relative Strength During Market Selloffs
Today’s chart of the day is PANW, which gapped and broke out over it’s 50 dma yesterday, and is holding that level this morning. This makes PANW a relative strength stock. During market selloffs, it pays to keep a list of relative strength stocks that have the potential to beat…
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Chart of the day: CALA
CALA is a biotech stock that has shown some buying interest while in the midst of a down trend. The recent volume surge has the stock over it’s 50 dma, which could start a remount and give it the momentum it needs to make a short term run. This is a…
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Chart of the day: GOOGL and the moving average remount
$GOOGL cracked $600 in early 2014 and quickly pulled back. Since that time the stock has been consolidating and actually broke below the 50 dma. After a few failed attempts at remount, the stock has gapped up over the 50 dma today. If this level holds we could see a…
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Chart of the day: IBB
Today’s stock chart of the day is Biotechnology ETF IBB. The pulled back hard taking a number of hot biotech stocks down with it.Subscribe to The Market Speculator by EmailThe fact that IBB pulled back hard is a concern for the market since it has been leading the market. However, the…
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Chart of the day: HD
Today’s swing trade stock chart of the day is HD (Home Depot). In the Trade Report we have been watching residential real estate stocks for a few weeks now and of course, building material and home improvement stocks move in line with real estate. Subscribe to The Market Speculator by…
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Today’s Entry: DIG
I entered DIG today. The stock has broke out over a W formation and the 50 day moving average. Another positive is the positive RSI divergence. An entry here around $34.80, with a stop at $33.80 (under suppport) and target at the old high around $38 offers a nice 3:1…
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Trade Entry: AMZN
I entered AMZN based on 1) the oversold stochastic reading and 2) pullback to the 50 day moving average. There is not credible chart pattern, but risk is low and the two elements listed give a slight edge. Stop is below the moving average, around $129. The intital target is…
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FCX and PCU: Great Long and Short Setups
PCU and FCX are on fire. Technically, they look great on a pullback to support for long entry. However, they are very extended. Take a look at the distance from the 50 day moving average. I think we are due for a snap back. I will likely short on more…
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Anatomy of a Successful SPY Trade – Moving Average Oversold Bounce Setup
This setup was given to Trade Report subscribers. SPY was marked as a “bounce trade” setup on Friday as it neared the 50 day moving average and became short term oversold using stochastics as the oversold indicator. I entered Monday morning on confirmation. The stop was set under the 50…
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X: Low Risk Setup
X provides a low risk setup as it pulls back to the 50 day moving average. If the market tanks, X will go down with it, but losses are easily managed at this level.
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5 Profitable Energy Charts
Here are 5 interesting energy stocks. I’ve included longer term charts. Each has a slightly different pattern and can be played in multiple ways. RIG (Transocean, Inc.) is looking good right now. We’ve got a support converging at both the breakout point and the 50 day moving average. My only…
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Primary Watchlist for Wednesday
Here are six of my favorite long candidates: VRGY, HEI, JCG, CYNO, OII, MT. All are trending stocks with nice pullbacks. While these are short term trade opportunities, MT and OII (two of my favorites in their respective sectors-steel and gas equipment) will be buys for my longer term position…
Paul J Singh 