Category: breakout-pullback
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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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Thursday Watchlist: Breakout-Pullback Candidates
Here is a list of breakout-pullback candidates: CPA, VDSI, IMO, CLRK, NX, EWZ, NTGR, MDTH, FST and HAL.
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Today’s Trades: GMRK, EWZ and AAPL
Yesterday, I sold 200 shares of AAPL at $108.25 (entry at $101.25) for a $1400 (+6.9%). I had moved my trailing stop when the stock hit $110. I have a feeling a long tail is going to print today, followed by another move up. I hope I didn’t sell too…
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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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Trades, Watchlist and Earnings Observation
I’m in a hurry today, so I’ll have to outline today’s trades tomorrow. In the meantime, here is my breakout-pullback candidate list. USU: pb-20-21RSH: pb 30EXM: pb 23-23.50CRY: pb 11AWC: pb 25.50DRSY: pb 35-36LXU: pb 17MCY: pb 56 NILE is moving after hours based on a well liked earnings report.…
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Breakout-Pullback Watchlist
Here is a list of breakout pullback candidates. Note that these are not primary watchlist candidates yet. We want price to slowly pullback to the entry point on diminishing volume, which should take a few days. Some of these stocks have been trending up and are under accumulation, which is…
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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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Today’s Trade: DXPE and TSL
I bought 350 shares of DXPE at $47.55. This is a breakout-pullback play. The stock broke out and is pulling back on diminished volume. I will likely place a stop at $44, and my initial target is $52.50, making for a 3:5 risk to reward ratio. Note that I’ve been…
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Earnings Breakout Entry Question
On Tuesday I posted a few earnings breakout plays. A backer of BWLD (Buffalo Wild Wings) gave me some heat for not entering pre-earnings, and asked why I take such a conservative approach to earnings plays. Here is my answer: While it’s great when you catch a BWLD earnings move,…
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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…
Paul J Singh 