What a good looking chart! After a massive bull run, the price has formed a descending triangle. Normally, if an upward breakout does occur, another good bull run should follow. I'll be waiting for it to buy. This one really looks like a true leader to me. Impressive relative strength, that is best indicator in a bear market.
908 Devices Inc is in the Medical-Research Eqp/Svc Group. It develops analytical devices for chemical and biomoecular solutions. The price made a shortfall within the channel that has been forming since January. This shortfall may signal a breakout in the right direction. I would buy it with a target sell at its next resistance level which is at $29, that's a...
Harte Hanks Inc, just broke out from a symmetrical triangle. Actually broke out yesterday and I did't buy. I'm being very cautions on buying breakouts as they still aren't working that well. But still I'm keeping an eye on it and wait on a throwback NASDAQ:HHS is a company that provides B2B data-driven marketing strategies. It ranks #1 in its industry in...
This ETF is the one a chose to play the new trend. I made a good profit from it and today is signaling another pivot buy. With today's breakout out of an ascending triangle the price may be posed to continue its trend up. I'd be very cautios and start with small positions or go with a full position but taking profits quicker. Remember to always use STOPS!
NYSE:EE is a company that provides liquefied natural gas and energy solutions in Texas, USA. They recently signed a FSRU (Floating Storage Regasification Unit) Charter Agreement with Gasgrid Finland to provide "energy security and supply diversification to Finland while also serving more broadly the needs of the Baltic Sea region". I bought an initial position...
Alico Inc NASDAQ:ALCO produces citrus fruit, while engaged in catle ranching and conservation. So is in the Agricultural Operations Industru Group and is Ranked #1 in Profit Margins. Although, for the six months ended 31 March 2022, Alico, Inc. revenues decreased 7%. The thing is that the technicals are showing strength. With a IBD RS rating of 94, ths stock...
The crypto market is giving bullisg signs. TRADESTATION:BTCUSD made a good breakout from an ascending triangle and now is making a flag pattern. A breakout from this zone should confirm the next bull run for crypto. Even stocks with influence on the crypto market are looking good, like NYSE:SI , which I have it on my watchlist, I will take a position on the...
NASDAQ:DLO is one of the new hot growth stocks that is in everyones radar. The good thing is that as it has been beating up for the las few months, it may be a good play. Since December the MACD is been signaling a bullish divergnece. Now, after a good double-bottom it seems that the price has made a pause making a handle. This volatility compresion with low...
Concentrix is an American business services company specializing in customer engagement and business performance. With good revenue growth for the last 3 years the stock is looking good for a long entry. After a double-bottom breakout, NASDAQ:CNXC took a pause to make a good pennant with a pivot buy at $208.58. I realy like the fact that the price bounced off...
Civintas Resources Inc. is in the Oil & Gas Sector, centered in the Exploration and Production Industry. It should benefit from the current uptrend of oil prices NYMEX:CL1! . I mentioned innovation because the company is set to "clean up dozens of wells orphaned by others". The state of Colorado has granted this new startegy for NYSE:CIVI to "work hand in...
UFP Industries, which makes lumber and other building products has 216 locations in eight countries making wood and wood-alternative products for retail, construction and industrial customers. After making an ATH at $94 in January, has formed a good cup & handle pattern with a pivot buy above $88.10. The handle shows a good volatility contraction as it has low...
Anthem, Inc. is a provider of health insurance in the United States and is ranked 23rd on the Fortune 500. Fundamentals are very strong, it has an average YoY revenue growth of +14% for the las three quarters, and the last two quarters had EPS and Margin growth over the hundreds. IBD is giving NYSE:ANTM a #1 rank in its industry group and a 94 relative...
Virtu Financial is an American company that provides financial services, trading products and market making services. Although its fundamentals aren't what I ussually look for, its technicals are showing real strength in a market that laks strength. After a nice leg up from a long cup & handle NASDAQ:VIRT took a rest and formed a nice flag pattern. In which,...
Ovintiv Inc. enganges in exploration and production of natural gas and oil. IBD gives it a #4 Rank in its industry and has a IBD Relative Strength rating of 98. Its clear that is one of the leaders of the oil industry. The stock is making a good cup & handle pattern as a 3th base with a pivot buy just above $41. One thing that I like is that just below the pivot...
Last week, Univar Solutions NYSE:UNVR made a breakout off a symmetrical triangle. And today, with a gain of +4%, is the follow through day. IBD Investors gives a #2 Industry Rank and relative strength rating of 89. Also, as its earnings, EPS and profit margins show 2 consecutive double-digit increase, NYSE:UNVR is posed to make a good run. But, with the...
After a breakout in december 22nd, NYSE:G had a throwback and now is a about to make another buy signal above $54. Also, as the NASDAQ:IXIC made lower lows, Genpact has made higher lows. That's good relative strength, and that's what leaders do. This year the company reported sustained revenue growth in all of its sectors. According to @TradeStation,...
CubeSmart is a real estate investment trust that invests in self storage facilities. It rents spaces for individuals and businesses of all kind. Since september the price its been forming a volatility contraction pattern (VCP) with a footprint of 13W - 13/4 - 4T. Today made the breakout with good volume and high close. But, as the market hasn't been respecting...
Norfolk Southern Corp. operates more than 19,000 miles of rail road in the U.S. With a #2 ranking in the IBD Group Leadership and a RS line rating of 84, NSC is close of making an ATH. This is a sign of very good technicals. On the fundamental side, it had a revenues increas of 15% to $8.29B for the nine months ended 30 September 2021. Also, for the last 3...