Category: obv
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Breakouts with Strong Volume Trends
Friday’s nightly breakout scan listed just over 100 stocks. An easy way to trim the fat and find good setups to trade is to sort breakouts by obv ranking. This will find breakout stocks with strong volume patterns. Here are Friday’s top 25:
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Today’s Entry: CSX, DZZ and MTL
I bought 100 shares of MTL at $143.46. The strong broke out over $140 yesterday on strong volume. It’s one of the strongest stocks in a strong sector showing loads of accumulation. I may be a bit early on entry (I usually don’t enter at overbought stochastic levels), as the…
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Homebuilders are Hard to Ignore
It’s tough to ignore the strong move in residential construction, aka, homebuilders. While my head tells me to stay away, the charts tell me otherwise. For months I have been using bounces in the sector to reload shorts, but not this time. There is something different about this bounce. Take…
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Do I Have the Guts to Buy Financials?
I’m scared as hell to buy a financial, even with a small position size. However, if I didn’t know the name of the company behind this chart (Morgain Stanley), I would be buying. We have price breakout over the 50 day moving average after the stock printed a bottoming long…
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The Best Indicator is . . .
Way back in November I asked readers to submit questions for a Q & A session. The response was much more than I anticipated, and even after setting time each week to answer questions, I still have not finished answering half of them. So, rather than answer them all in…
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Chart Request: CMI
In the comments of the last post, Raj asked:What do you think of CMI? It has pulled back well to previous support levels. CMI is pulling back towards a strong area of support after a nice breakout. Where you enter depends on your strategy. If you are a stickler for…
Paul J Singh 