Paul J Singh

Category: breakout-pullback

  • Breakout-Pullback Candidate

    Zolt is pulling back to its breakout point. It’s not a buy yet, but keep an eye on this one once the overall market gives us a buy signal.

  • USO Chart

    I will wait for pullback.

  • Earnings Breakout: BOBE

    BOBE broke out today over long term resistance levels in a reaction to a postivie earnings announcement today. It is also worth noting that this stock has a high short interest ratio. This is a good example of an earnings breakout candidate.

  • Trade Setup: SOLF

    I bought 300 shares of SOLF at an average price of $21.48. Setup: Breakout Pullback. The stock has pulled back to the 20 day moving average after a strong breakout. Stochastics recently reached oversold levels and has turned up. The volume pattern is consistent with the breakout-pullback setup, with volume…

  • Pilot Position in CLF

    I took a small 75 share position in CLF today at $102.01. This one’s an early breakout pullback. The stock could pullback to the breakout point at $97 and still look good. My stop is around $95 with an undefined upside target in new high territory.

  • Trade: CYBS

    I bought CYBS four days ago, after the stock had pulled back from the breakout point and stochastics crossed over from oversold territory. Since I did not post it here I won’t include it in my performance stats, assuming I ever get around to updating them (you can click on…

  • Today’s Trade: TRLG

    I bought 300 shares of TRLG at $22.41. Setup: Earnings-Breakout-Pullback. This specialty retailer broke out on massive volume two days ago as a result of strong earnings. I bought today on the pullback, about a point away from the bottom of the breakout candle. Risk: I plan to hold this…

  • Trade Setup: BBD

    I bought 200 shares of BBD, a Brazilian bank, at $23.31. Setup: Breakout-Pullback. The stock pulled back to the breakout level and has a strong volume pattern. As a plus, Brazilian stocks have been on fire. Risk: My initial target is the old high around $25. I will either take…

  • Today’s Breakout: MA

    The street must have liked MA’s earnings results. This is one of the few stocks that has defied my volume analysis. Stocks floating up on poor volume are usually setup for a fall, especially around earnings. Think POT for a good example of this. MA is now on my breakout-pullback…

  • Trade: ANR

    I bought 300 shares of ANR at $50.05 based on the trend pullback setup. I had placed a buy stop this morning for the following reasons: 1. The stock has been in a sustained uptrend2. On Friday it bounced at a major support level3. Stochastics crossed over at near oversold…

  • Trades: POT and CAT

    I am short 100 shares of POT at $208.77. This trade is similar to the failed trade I made in HAL. Basically, I set a short-limit order to go short at $208 this morning. The idea is the stock is so extended that a strong open would likely pull back.…

  • The Trade I Did Not Make

    There is a lot to like about the breakout in GRA. The stock gapped up 3 points on huge volume over price resistance and had mounted the 200 day moving average a couple of days before. the 50 day moving average is moving up and looks ready to cross the…

  • Trade Portfolio Charts: GTLS and DZZ

    GTLS is an earnings breakout play that has shown accumultion as it consolidates the breakout move. A key day was early last weak when it confirmed the hammer the stock printed at the breakout point. The RSI and OBV trends are positive and the volume pattern has favored up days.…

  • The Frustration of Waiting for a Pullback

    One of the most frustrating things about the breakout-pullback setup is when you’ve got a textbook breakout out of a base, the stock heads your watchlist, and instead of pulling back to any measure of support the stock keeps going and going. Last Thursday KEX’s breakout put it at the…

  • EOG . . .WOW!

    I had much confidence in the EOG trade, but even I didn’t expect the move to happen just hours after I entered. I took partial profits at my $127 target, exiting 100 shares for a $846 gain (+7.1%). I’ve moved my stop up to the entry point for the remaining…

  • GTLS Entry and a Speculative Play

    I entered GTLS today, 400 shares at an average price of $34.22. This is one of my favorite setups, the earnings breakout-pullback. Take a look at the awesome volume pattern. My stop is just below the breakout bar, with an initial target at $38. I wish I had time to…

  • Trade Update: SPY, ICLR, DECK

    I bought 200 shares of SSO at $65.84. For those that didn’t read last night’s post, this trade is based on the oversold stochastic strategy. Not sure if I am in too early, as the read line is still above 20. However, the black line, which I focus on, is…

  • Today’s Trade: PCLN

    I bought 50 shares of PCLN at $121.30. I like the chart, but it was tough finding a good entry. We’ve got support at old resistance, which is $120. However, many strong breakouts pullback to the bottom of the breakout candle. If that were to happen, the stock could pullback…

  • Analyzing Today’s Trade: WMS

    I bought 400 shares of WMS at $39.05, based on my breakout-pullback trading setup. The stock broke on strong volume earlier this month, while pulling back on diminishing volume. Today’s confirmation candle at two tiered support (20 day moving average and price) provide the entry signal. Also note that OBV…

  • Can We Buy CNX’s Pullback?

    Ronald wants to know if I consider the 3.7% drop in CNX, a stock I highlighted earlier in the week, a buyable pullback. While I would not buy just yet, the stock is still technically sound. Support has not broke and volume on today’s decline was within the stocks normal…

  • Bullish Chart Setup: DVN

    Independent oil and gas stocks have been on fire since bottoming late January (that long tail provided a good entry point), and few have done better than DVN (Devon Energy Corp). I like the stock on a pullback to what looks like new support at $95. The stock exhibits a…