Full Watchlist as of 4/24. FMBI for an example markup.I'm very bullish in my sentiment at the moment. I was having a hard time seeing the downside to anything as I was making my list so I have not included any new bearish setups.
Many of the watch-listed tickers look pretty red, and I can't publish a hyper detailed markup for every single one, so please take that for what it is.
Bullish Pullbacks:
WBA, KNX, VUZI, PLBY
Coiled Spring: (my mental partitions were slightly more porous this morning so some of these will look like bullish base breakouts/divergence plays):
CURI, BB, IMAX
Bullish Divergence:
ARWR, IBRX, BEAM, ORA, LABU, CRMD, CLVR, FMBI, SUZ
Bullish Base Breakouts:
FSR, VSTO
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If you are curious about the bearish setups, the reason I don't include them is because all the bearish scans I run seem to return stocks that I would glance at and classify as a bullish base breakout or a bullish divergence. Because of that conflict, I tend to side to the longs, as stocks generally do go up. That being said, take a look for yourself for extra credit at tickers SRNE and NKTR. I don't know how you could possibly short these at the same time as managing risk, but they came up on a bearish scan. I probably shouldn't let that be bothering me as much as it is. Ok, if you read this far I hope you are doing well in the markets and having a great weekend! Feel free to comment/reach out.. etc... you know the drill. Good luck.
FMBI
FMBI - Breakdown Momentum short from $23.87 FMBI seems rolling over after a good upward move, followed by some consolidation. Moneyflow has just plummeted to negative side. We think it will decline now, and we would consider a momentum Short from here.
* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why- Breakdown Momentum short
Entry Target Criteria- Break of $23.87
Exit Target Criteria- $21.37
Stop Loss Criteria- $25.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
