CoryMitchell-CMT

CoryMitchell-CMT Nov 17, 2017

Buying near support of this small triangle after a very strong rally in July and August. Provides a decent reward:risk with a target just below the late-2016 and early 2017 highs. This has the potential to be a high momentum stock. Price target is a fine option, but if the price is running may want to consider using the ATR Stops as a trailing stop loss instead:...

CoryMitchell-CMT Nov 17, 2017

No trade yet. Watch for a rally above $19.30 which could signal that a false breakout below the prior lows occurred. IF IT KEEPS DROPPING, WITHOUT GOING ABOVE 19.30: NO TRADE. Keep a tight stop loss below the recent low. Conservative target at the descending trendline still offers a nice reward:risk, with potential for a huge reward:risk if the price breaks...

CoryMitchell-CMT Nov 6, 2017

Triangle playing out, but also a rounded bottom continuation pattern. Like the setup for a potential move back to the high or even above it. Target is one option, using a trading stop loss is another. Exit when the price has a daily close below ATR Stop, by placing a stop loss a cent or two below the low of that day. DON'T like the fundamentals.

CoryMitchell-CMT Oct 29, 2017

Not in this one yet. Wanted to see some strength come back into it after it fell to support. Will now look to get in on a pullback to around $52. The technicals provide for a decent reward:risk trade even if the price stays in this range. BUT, I like the growing earnings for this company, which opens up the possibility of a bigger run to the upside if they keep...

CoryMitchell-CMT Oct 26, 2017

This trade hasn't triggered yet, but could soon. There was an earlier entry near $30 on a consolidation breakout after the price had started to transition to the upside. Another entry may come if the price pulls backs and stalls out above the price low. Good fundamental story here as well. The stock is in a long-term uptrend as the company has been consistently...

CoryMitchell-CMT Oct 19, 2017

Long-term uptrend with a cup and handle like pattern forming through most of this year. Looking for a continuation to the upside. Steady earnings and revenue growth. Not buying quite yet. Waiting for a breakout above the recent short-term highs. These patterns can last a while, so don't want to jump in too early, but if we see some strength, I want to be in.

CoryMitchell-CMT Oct 16, 2017

Selling on the pullback looks to have tapered off after filling the gap. Overall uptrend is still intact and price is breaking above the pullback trendline. Risk reward is decent, assuming the price will move slightly above prior high for the target. Can also use the ATR Stops as a trailing stop loss (wait for daily close below line, then stop loss goes slightly...

CoryMitchell-CMT Oct 12, 2017

Overall this stock is in a long-term uptrend, but has been pulling back in 2017. Over the last couple months the stock has formed a bullish pattern indiacting the multi-month pullback could be over. Looking for a conservative target just below prior highs. Can also utilize ATR Stops as a trailign stop loss. No earnings out for a while, but I exit swing trades...

CoryMitchell-CMT Oct 11, 2017

Danger here is that after a sharp decline and consolidation, there is often a bit of followthrough to the downside. That could stop out this trade If stopped out, will be watching for another consolidation to develop just below this one. If it occurs, may be another opportunity there to buy on a breakout abvoe the next consolidation.... and reward:risk will...

CoryMitchell-CMT Oct 11, 2017

Trade signal occurred a couple weeks back but the stock has stayed in the area. Looks to be pushing up out of the entry area now. Had a pullback in a very strong stock. There was a false breakout out of the bottom of the consolidaiton and then rally above the consolidation high marking the entry. Reward: risk is greater than 3:1. Trailing stop loss can also be...

CoryMitchell-CMT May 3, 2017

No trade yet. Watching for a strong pop above recent small range on expanding volume. If that occurs, enter long, with stop loss below recent low (yet to be determined as entry has not occurred yet. Target up in $45.50 region, or utilize ATR Stops trailing stop loss.

CoryMitchell-CMT May 3, 2017

Nice small consolidation breakout at bottom of range (pullback) following a false breakout out the bottom. Target is an estimate. On these high flying stocks, prefer to use the trailing stop loss. ATR Stops work well. If price closes below the indicator line, move stop loss up to just below that day low.

CoryMitchell-CMT May 2, 2017

Couple entry options here. First was the consolidation breakout (within the bigger range) which occurred a couple weeks back, and the second is a move above the recent very short-term high on rising volume which occurred today. Target is an estimate. Prefer the trailing stop on these strong momentum stocks. Can use ATR Stops. If the price closes below the ATR...

CoryMitchell-CMT Apr 26, 2017

GDX continues to deteriorate relative to gold. This is the opposite of what should happen in a gold uptrend. In other words, the gold miners have bearishly diverged gold. If GDX continues to weaken, it doesn't bode well for gold...and of course most gold miner stocks. Will want to see that ratio turn up if bullish.

CoryMitchell-CMT Apr 25, 2017

Strong long-term trend. Careful of the potential for a head and shoulders. Use SL now, but if price rises above $51 can use the ATR Stop indicator as a trailing stop (exit on close below). If using ATR Stop, target is not required. Seen this same pattern a couple times before.

CoryMitchell-CMT Apr 25, 2017

Don't love the sector, but the setup is good. Target is an estimate. Can also use the ATR Stops as a trailing stop loss (exiting on a daily close below the indicator, which will be below the price if the price rises). Already had the false breakout out of the bottom of the recent range, which is nice to see.

CoryMitchell-CMT Apr 19, 2017

Strong uptrend, pullback stalled out and nice moving higher. Initial stop loss placed. Prefer to use the ATR Stops for a profitable exit on a high flyer like this. Target can also be used. Prefer to get out before earnings... so time is limited.

CoryMitchell-CMT Apr 18, 2017

Upward momentum has stalled. Would need to see a daily close above $20, on strong volume in order to trigger a long. Been stalled a bit too long to buy near support. Momentum has been drained and would need to see it pick up again before getting interested. But one to keep on the radar. Stop loss below $18 in that case. Targets estimated at $24 and $26. ATR...