Paul J Singh

Category: breakout-pullback

  • Today’s Trade: DRYS

    1000 shares DRYS at $6.60. DRYS is a focus list stock from the Trade Report I send nightly to subscribers. Setup: Breakout-pullback. The stock broke out over the 50 day moving average and has consolidated on low volume. Trade Management: DRYS offers a good risk ratio and trade management. A…

  • RIMM Breakout and Pair Trade

    Thus far the “pair trade” I outlined yesterday and entered on Friday is a success, as RIMM broke out in a big way today and AMZN (short) hangs out under the “failed breakout” resistance level. I took a partial profit in RIMM today and moved my stop up to entry…

  • Buy the Dip: SBUX

    Starbucks had a great earnings reaction today and broke out over resistance. While the stock is too overextended to enter now, I will stalk this chart and likely enter on a pullback to the bottom of the breakout bar. Remember for all breakout-pullback trades, the pullback must be orderly and…

  • XBI Chart

    Biotech has made a nice run and has pulled back to a nice entry level. I already have a position, with a stop placed under the pivot point. Stop placement is tricky since the pivot area is near the 50 day moving average, which also provided a good entry. If…

  • 4 Stocks For Tuesday

    Here are the four stocks I am looking to enter on pullback Tuesday.

  • Breakout Stock: CTRN

    During big down days, it pays to watch for stocks holding up well. CTRN, a recent breakout stocks, is doing just that.

  • Energy Looks Good: PBR

    Energy stocks are showing good accumulation patterns while coming off bottom price patterns. Of the energies that I monitor, PBR is showing the best relative strength compared to the sector. It is at 30 day highs.  I’d like to enter on pullback to support.

  • Breakout Setup: MCK

    MCK has formed a nice traidng range post breakout. I’d like to enter at the bottom of the range, with a stop just under support and the upper end of the range as my initial target.

  • Earnings Breakout: NFLX

    Netflix broke out yesterday on strong earnings. This is a breakout-pullback candidate. Strong volume on the breakout over a bullish flag pattern. I am now waiting for a low volume orderly pullback.

  • Breakout-Pullback Setup: HPQ

    The market is still overbought, so I am not looking to enter any long positions just yet. However, HPQ has formed a nice pattern and is nearing an ideal entry. Setup: Breakout pullback. Yesterday the stock broke out over price resistance on strong volume. Today’s pullback was on lower volume…

  • Trade: TXI

    I bought 300 shares of TXI at $31.50, as my limit buy order was hit this morning. This is a manageable low risk trade in a good setup that offers strong price and volume support. The setup is both a bottoming and breakout-pullback setup. If the market tanks, my stop…

  • Trade Setup: KSS

    I have been following KSS for quite some time in the Trade Report. Retail, and KSS specifically, caught my eye as a bottom accumulation setup in early to mid July. The volume on the bounce gave clues that the bounce could lead to a continuation move. Since that time, we…

  • PRXL

    I am hesitant to make any big moves going into the holiday weekend, but may take a few small positions in low risk setups like PRXL. Nice looking breakout-pullback play.

  • Trade Update: QLD and MOS

    I went short 400 shares of MOS at $109.11. I highlighted this stock in the blog last night as one of my favorite commidity related shorts. See my last post for the setup. My stop is around $115 with my initial target at $95. This is where I would take…

  • Trade Entry: SAFM

    I took a small 1/4 size pilot position in SAFM today, buying 100 shares at $43.29. This stock was highlighted in the trade report, with a buypoint in the $42-34 range. The Setup: Breakout pullback following a strong bottoming formation. Volume pattern is solid. Stock is pulling back at recent…

  • Trade Entry: UTHR

    Entered long 100 shares of UTHR at $108.29. Setup: Breakout-Pullback. The stock pulled back to the bottom of the breakout bar before confirming support today. The recent trend is higher highs and lower lows. Buying pullbacks has been lucrative. Nice volume pattern. Risk: My stop is under the tail of…

  • A Blast From the Past

    I like the breakout-pullback setup in FFIV, one of my favorite momo stocks from what now seems like ages ago. Stock broke out over resistance, there’s a nice volume pattern and money seems to rotating into select tech stocks. The fact that the recent breakout was not on heavier volume…

  • GLD Entry and Trade Report

    In the Monday morning edition of the Trade Report, I mentioned that I was bullish on the gold sector and was waiting for a pullback. A few readers wanted to know at what levels I would consider entering. Let’s take a look at the GLD chart. When looking for support…

  • RBN Exit

    I exited my position in RBN at $51.50 (entry on Friday at $47.46) for a $1010 gain (+9.2%). I would have liked to see a pullback to the breakout point in order to build my position, but I’m not going to complain too much with a 9 percent one day…

  • Trade Entry: TRA

    I bought 500 shares of TRA at $53.12. Setup: A combo platter of a breakout and trend-pullback and entering within a forming high and tight flag. I expect a continuation of the trend. Great volume pattern and RSI and stochastics confirm price highs. The stock is under accumulated here. Risk:…

  • BEXP: Late Entry Post

    I entered BEXP yesterday at the close as it showed that it would help support. This is a late post, so I won’t include it if and when I get around to updating my trading results.