Category: break out
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"Short Float" Breakout Setup: ILMN
ILMN made a 4 % gain today over established resistance. However, that’s not what put it on my watchlist. Stocks in a downtrend do not usually make the cut. What makes this stock special is that it is a low float stock with a high short interest ratio. The stock’s…
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Today’s Trades and Analysis: GMRK and DXPE
I sold 400 shares of GMRK at $53.85 (entry at $49.76) for a $1636 gain (+8.2%). I sold 500 shares of DXPE at $52.35 (entry at $47.40) for a $2475 gain (+10.4%). Self Analysis: These trades are good examples of how I have grown as a trader. Last year, I…
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Sunday’s Personal Trading Journal in Preperation For Monday
Here is exactly what I wrote in my personal trading journal today. March 20, 2007 Overview of last trade: 500 IBN @ $47.64 on 5-18-07. Breakout over 4 month resistance level on strong volume and accumulating stock. Cause for concern is that new highs are formed with slightly lower RSI…
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More For the Breakout-Pullback Watchlist
Here are some more stocks to add to the breakout-pullback watchlist: OMNI, CPS, CTRP, DNR, RAVN, GRB, GPOR
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Today’s Trades: DXPE, STLD and LFC
I bought 500 shares of LFC at $50.09. This is purely a breakout play. I am not waiting for the pullback. My intital target is the late 2006 high at $56. I bought 500 shares of DXPE at $$47.40. This is a breakout-pullback play. My initial target is the recent…
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Breakout-pullback Candidate: FRPT
I’m looking to buy FRPT on a pullback to $25.
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Chart: DXPE
As stated in the “today’s trade” post, I took a position in DXPE. The stock is a nice breakout-pullback candidate, and also has been under heavy accumulation over the past month and a half. This leads me to believe the stock will find strong support at current levels and could…
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How would you play AAPL
As most of you know (and if you don’t, and you are a trader, you are slacking) Apple broke out to knew highs on significant volume after earnings. The question now is, how do we play this brekaout? The stock was over $100 in after hours when it reported Wednesday…
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Today’s Watchlist and a Breakout-Pullback Candidate
ESRX looks like a good breakout-pullback candidate. I’d wait for a low volume pullback to the bottom of the long price bar. Here is a list of stocks I’m watching today.
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Breakout Chart: XOM
Exxon Mobil Corp. (XOM) broke out to new highs on above average volume. A low volume pullback to the prior highs, just under $79, would normally provide a good entry point. While the breakout is bullish, there are some concerns for this stock. Notice the negative divergences in both RSI…
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Today’s Trade: ZUMZ
I bought 500 shares of ZUMZ at $38.83. The stock has pulled back to the early March breakout point on low volume, has a strong OBV reading and is oversold. When trading this “breakout-pullback” setup, I would normally wait until the stock moved out of oversold territory. Due to the…
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Today’s Trades: TZOO, GROW, MVIS, FUL, VLO
I sold 500 shares of TZOO at $39.85 (entry at 37.72) for a $1065 gain (+5.6%). This stock was a textbook breakout-pullback play. I bought on a pullback to support after the mid-March breakout, and sold on the new breakout. In the meantime, I was also able to make a…
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Today’s Trades: GROW, MVIS, QID, EWZ, HOKU
I sold 600 shares of EWZ at $51.80 (entry at $50.43) for an $822 gain (+2.7%). I suspect that it will retest support at $50, which could provide another entry. I sold 1000 shares of HOKU at $6.44 (entry at $6.11) for a $660 gain (+5.4%). There is not enough…
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Potential Breakout-Pullback Candidate
JAH (Jarden Corp.) has most of the characteristics I look for in a breakout-pullback stock: Price breaks out over established resistance on above average volume Stock closes near the high of the day, printing a long range bar Evidence of accumulation prior to breakout RSI is at a higher level…
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Today’s Trades and A Question About how I Spotted PDE
In reference to the PDE setup, Rahul asked “Indeed a good trade. Could you tell how it came on your radar.” Sure Rahul, Two weekends ago, I performed a sector screen, as I do every weekend. Energy was one of the stronger sectors that I identified, but I felt that…
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PDE Trade: A Classic Pullback From Breakout Setup
I traded a classic setup today, the good old pullback to support after a breakout. The elements that lead to entry include: 1. Price breaks out over an established resistance level. 2. Volume picks up on the way up, showing increased accumulation. 3. The stock pulls back to the old…
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Today’s Trade: SMSI and TZOO
I sold my remaining 500 share of SMSI at $17.98 (entry at for a $15.96) for a $1,010 gain (+12.6%). I entered on an NR7 pullback to the breakout point. My exit was timed at recent highs, although I do think this stock has the potential to breakout to new…
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Today’s Trades: RATE and AKS
I bought 500 shares of RATE at $42.53. The stock spiked up over resistance on strong volume and has now pulled back on diminished volume, printing an ideal NR7 entry. I bought 500 shares of AKS at $22.08. As you guys know, I love steel right now. I picked AKS…
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Breakout Chart: AVP
AVP broke out on heavy volume out of a 3 month consilidation. This is what Alan Farley would call a “power spike“. Over the next few days, I’ll be watching closely for a good entry point. Being that it’s Avon, I’m getting some pressure from my wife to enter this…
Paul J Singh 