Category: Earnings Setup
-
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…
-
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.
-
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: 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 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.…
-
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…
-
Mon Posts Earning Surprise (and BIDU Trade)
What a freakin’ relief. MON posted monster earnings this morning, and the future of this ag company looks bright. I bought 400 shares yesterday at $110.22 and the stock is currently trading above $119. I sold half my position at $119.10 for a $1776 gain (+8.0%). I am going to…
-
First Mistake of the New Year
Well my friends, it didn’t take me long to make a boneheaded move, on the very first day trading day of the new year. I went long MON. It looks great. A sector I love, and have made some mad coin playing (agriculture). Nice pullback to support. Nice volume pattern…
-
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…
-
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…
-
Today’s Trades: AAPL, JASO, EDU
I bought 300 shares of AAPL at $185.09, using my earnings setup. Historically, high volume gaps, especially those that are earnings related, have triggered bullish runs in this stock. I would not be surprised to see this earnings gap propel the stock to the $200 level. I sold 300 shares…
-
Today’s Trade: BLUD and BIDU
My first post-earnings play of the season is BLUD. Immucor surpassed expectations Thursday and is now consolidating it’s big high volume spike. OBV looks good and there’s a nice volume pattern forming. I bought 400 shares at $38.25. Update: I bought 40 shares of BIDU at $321.23. Pullback is a…
-
Reliance Steel Earnings Setup
Reliance Steel (RS), reports earnings this week and has a nice looking earnings setup. The stock is basing just under resistance, so a positive earnings report could set the stage for a breakout move to new high territorry. I will likely place a buy stop just above resistance.
-
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.…
-
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,…
-
Tuesday’s Watchlist
GROW: bullish engulfingJSDA: strong at supportSIGM: Short on pullback to gap pointADM: $39.75 breakout earnings playBWLD: $67.50 bo earnings playOII: $48.50 bo earnings playUPL: $58 bo earnings playUA: $51 bo earnings playVLO: pb to moving average
Paul J Singh 