$CCJ $MDU $AMD $CPB I OptionsSwing WatchlistCCJ 1D I CCJ has been showing relative strength as we have ongoing wars with major superpowers involved. And also WSJ news pointing to China's fast nuclear buildup.
MDU 1D I Engages in the provision of natural resources products. Our bots picked up unusual options activity on MDU $30c 07/12! MDU has shown relative strength.
AMD 1D I AMD has been defending the $100 level, and we've seen two bounces near this level recently. With earnings coming we could see a run up into ER if $100 holds.
CPB 1D I CPB is one of the largest processed food companies and it's listed in the S&P 500. The food processing industry has been outperforming the market recently.
MDU
$AAPL $MDU $SPY $QQQ I OptionsSwing WatchlistAAPL 1D I AAPL made higher highs 11 sessions in a row! To finally pull back by the end of the week. We have support near $172 and we have a hammer on the daily.
MDU 1D I Engages in the provision of natural resources products. Our bots picked up unusual options activity on MDU $30c 07/12! MDU has shown relative strength.
QQQ 1D I QQQ retraced towards the end of last week as big tech names leading the market rally pulled back. QQQ is at support and a hammer on the daily.
SPY 1D I SPY pulled back to our fib extension and is now defending the $450 support level. We also have a hammer on the daily candle that formed on the last session!
$MDU Consolidation Before BreakoutTo wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU.
MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now it is almost time for our third pattern to breakout.
This time we are seeing price consolidate into a three and a half year long rectangle.
I'm looking for a clear break (1W candle close) above the price of $30 (dotted purple line.) After we get a clear breakout above that level, I'm looking to enter a long position targeting the price of $36.20 for a gain of ~22%.
To further support the idea of a bullish breakout, we can see the 200 EMA resting below the breakout level, which adds to my conviction that we will see a breakout to the upside.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way. I wish everyone a happy and healthy new year!
Cheers
MDU- Upward momentum Long from $27.53 to $31.47MDU formed nice momentum Long setup. It has strong upward momentum & moneyflow also crossed above Zero recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward momentum Long.
Entry Target Criteria- Break of $27.53
Exit Target Criteria- $31.47
Stop Loss Criteria- $26.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)