Category: breakout-pullback
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Copper Stocks Breaking Out
Some of my best trades have come when I was wrong about a position and decided to go the other way with it. I am hoping today’s trade ends up falling into this category. I was short PCU as it had presented itself as a good short candidate. I was…
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5 Bullish Chart Setups
I rarely trade 100 percent long or short, even if trading within the confines of a wildly bullish or bearish market. While my market bias is bearish, there are still some bullish stocks to trade. Here are a few nice looking setups, though few are perfect. BMRNThe stock broke out…
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MA’s Bullish Pullback
Mastercard, MA, has pulled back to the breakout point and shows a solid accumulation pattern post breakout. It is a bit concerning that the stock pulled back so quickly, but it did come on lower volume and is holding support. Concerns aside, the stock does offer a well defined reward…
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Mastercard’s Bullish Reversal
MA (Mastercard) has been on my bearish short watchlist every since it broke down below the 50 day moving average on heavy volume. However, the stock’s technical pattern made a 180 degree reversal in one day, with today’s 28 point gain that easily put it back over the moving average…
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Today’s Trades: URRE, NCTY, FSLR
As I said I would in last night’s trading video, I exited half my FSLR postion (125 shares) at $247.20 (entry at $223.30) for a $2987 gain (+10.7%). My current position is 125 shares and my stop is at the original entry price. I bought 500 shares of URRE at…
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Trade Analysis via Video Webcast
Last night I created a video highlighting a few of my trades (MA, AAPL, GOOG, NOV). I had problems uploading, so the post is a little late. I have already taken profits in the NOV short. http://flash.revver.com/player/1.0/player.swf?mediaId=500455&affiliateId=93676 Yesterday’s trades:As noted in yesterday’s video, I went into the week with my…
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Trade Notes
I exited DCO at 42 (entry at$38.10) for a $1170 gain (+10.1%) . The setup was an earnings breakout-pullback. I will re-enter on a pullback to $40. I exited 200 shares of NOV at $67.35 (entry at $63.74) for a $722 gain (+5.7%) . This was an oversold bounce play…
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Friday’s Breakouts
I am looking for orderly pullbacks in the following breakout stocks:
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Today’s Trade: FLR, VMX, MICC, DRYS, CTRP, FWLT
I sold 300 shares of VMX at $124.25 (entry at $111.24) for a $3879 gain (+11.6%). A post earnings IPO play that has done as expected. I sold 300 shares of MICC at $111.13 (entry at $100.63) for a $3150 gain (+10.4%). This was another post earnings breakout play that…
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Five Explosive Breakouts
Here are five explosive breakouts that I will be watching very closely:
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Quickie Trade Updates: RIMM and TOL
I bought 400 shares of RIMM at $118.91. This is a break-out pullback play. I’m short another 200 shares of TOL at $23.24. Update: I bought 300 shares of VMW at $111.24. Another breakout-pullback play.
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Earnings Breakout Chart: EDU
EDU broke out from a cup and handle formation and is currently digesting gains. Notice the positive volume trend, which signals that big players are accumulating the stock. I am looking for a breakout-pullback play, and will look to enter on a pullback to the $70-72 range.
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Today’s Trades: MICC, ISRG and SGR
I bought 300 shares of MICC at $100.63. The stock broke out over resistance on heavy volume after their earnings release. I bought today’s pullback to the breakout point. I sold the remaing 150 shares of ISRG at an average price of $310.15 (entry at $276.44, sold first 150 shares…
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Today’s Trade: NVDA
NVDA broke out over a month long trading range yesterday, making new highs on strong volume. Voume patterns suggest accumulation. I used today’s weakness for entry. I bought 400 shares at $38.52.
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Today’s Trade: NILE
I bought 300 shares of NILE at $96.55. The stock has pulled back to the old high on light volume. My stop is at $94.55 with an upside target of $103. If I get stopped out due to a deeper correction in the stock, I would probably re-enter in the…
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Today’s Trade: AEM
I bought 300 shares of AEM at $46.85. I’ve been waiting for a pullback to support in gold and it looks like we’ve finally got one. Stochastics have reached extremely oversold levels and obv has dipped to a support level on low volume. There are a few reasons to be…
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Charting National Oil Varco (NOV) and Today’s Trades
Today I bought 400 shares of NOV at an average price of $127.23. As I noted in Sunday night’s post of last week’s top stocks, oil stocks are making a move. Therefore, I was looking to enter NOV on weakness. As we can see in the chart, the stock broke…
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Watchlist
I like COG on a pullback to $40. I am already in with a 500 share position, as I had a buy stop that triggered at $40.05 (I mentioned this stock on the video webcast this morning). Other stocks on my radar: NFX, HEI, IOC, CYNO, VRGY, JCG, BKE, SII,…
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Video: Breakout-Pullback Watchlist For Wednesday
In today’s video, I go over how I scan for breakout-pullback candidates. Video Summary:Only 16 stocks made it on the scan, which looks for 3 percent breakouts that are over $20. This is a very low number and makes me cautious about the market in general. Stocks that made the…
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Breakout-pullback Stocks
The following stocks are new additions to the breakout-pullback watchlist for this week. CAE: low floatBCSI: low float, smokin’ uptrendRRGB: low float, risky-still in breakdown gapTNC: pb 35SYNA: pb 32EFDVRGYCMCISILFDONSMBTMGGBBRPCIG I recorded my first webcast tonight and hope to have it posted Monday morning.
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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…
Paul J Singh 