Category: earnings breakout
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Chart of the day: GoPro
Today’s stock chart of the day GoPro. GPRO is a recent IPO that is riding an earnings catalyst after bottoming out in early March. It is now breaking out and stalling at the newly formed 200 day moving average resistance level. A break of this level could set the stock…
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Chart of the day: ULTA and the post breakout trading range
One of my favorite trades is playing the post earnings breakout range that develops within stocks that have had a strong earnings catalyst the previous two weeks to 2 months.Subscribe to The Market Speculator by EmailUlta is a good example and has formed a $148 to $155 range. Buy the bottom, sell…
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The Next Explosive Bottoming Formation: Steel
Back in December we successfully identified and swing traded the bottoming formation in gold miners, followed by energy/oil/gas in early January. Often when one or two sectors show this formation, other related sectors will follow. Steel is showing signs that it is the next bottoming formation candidate. This sector does not…
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The Common Sense Approach to Swing Trading Apple: A Measured Move
One of my favorite swing trade setups is the earnings breakout. I know, we have established that in post after post. What you guys really want to know is how does The Market Speculator plan to trade Apple! I’ve got your back fellow swing traders. Trading Apple, and making a…
Paul J Singh 