While I love the products AAPL isn't a stock I like to trade - the pullbacks can be too deep (as I have mentioned on previous posts regarding Apple). So saying, the latest pullback hasn't been too bad and I may consider a position on this if price swiftly breaks above $133.60 (the recent pivot high). The recent countermove has stayed above the 2014 pivot high and...
MNK is not a stock I would normally consider as it only has data going back 18 months or so. However, it has been trending up that whole time and, since passing the $100 figure, has begun to trend well. Prior to breaking above $100 the pullbacks were quite deep - frequently breaching the daily 50ma. But as price approached, and tested, this zone the 50ma began to...
HBI recently underwent a 4 for 1 stock split which now makes it a very reasonably priced stock to consider trading. In the past HBI has been a little erratic (with deeper than preferred pullbacks) making it difficult to trade. But overall it has trended well, as can be seen by the unbroken weekly trend, since breaking the 2008 high in early 2013. On the daily...
AET has been trending well, since breaking the consolidation of late 2014, with multiple bull flags. While on the weekly chart there was a previous uptrend this stock would not have been of interest until it broke above the 2007 high of $60. Even then the trend was not linear enough for a longer-term trader. However, there were two deep pullbacks, in April and...
LII is a low volume stock but one which is beginning to show signs of trending well since breaking above the 200ma in October 2014. At that time there was major resistance ahead with price trading below the March 2014 pivot high ($94.69) and the $100 figure. The March high proved the more difficult to crack with price hanging around the $92-$97 zone for several...
CNC has been on my watchlist for a few months - particularly since the gap up on 12th December 2014 when I last posted an analysis on this stock. At that time I didn't feel it was a longer-term opportunity as price had experienced a couple of deep pullback which, although acceptable, were indicative of a fairly non-linear trend. The uptrend had begun only about...
MDVN was a possible long for me back in November 2014. Price had broken above the $100 figure and retested it with a bull flag formation and I felt this was enough to propel price higher (which it did, marginally, a few weeks later). However, the move could not be sustained and price came back down to retest the $100 figure on several occasions - most notably to...
I posted on KR just a couple of weeks ago (18th February) making a big case for entering long into this stock if you weren't already in it. The next bar saw price continue to rise - followed by 10 days of pullback! However, the 50ma held strong (with a hammer reversal candle just below the $70 round number) and any long-term position with a reasonable stop loss...
SWKS has been trending well for about a year. There was a deep pullback in October 2014, which would have stopped most longer-term trend traders out of the position, but the trend soon resumed its prior linearity. This stock could have first been traded when it broke the 2001 high, in April 2014 at around $40, as the uptrend was already well established. Then,...
CRL is a stock which has recently appeared on my watchlist after comfortably clearing the double top formation from 2008. It had begun to trend well prior to this (since the golden cross in September 2014 - although price did retrace to retest the 200ma a few weeks later). The gap up on 11th February saw price convincingly clear the $70 round number and recent...
Earlier this month RL broke down below recent support and beyond the consolidation zone where price has been trading since mid-2013. The downtrend began to develop a few days after the earnings announcement on 4th February. Throughout the majority of February price has been trading between the lows of 2014 and 2012 - with 2012 acting as support and 2014 as...
I last looked at FSL a couple of weeks ago on the second gap up after the break of 2014 pivot high. This gap up on 13th February was not a convincing one (due to the indecision candle) so the subsequent pullback was not unexpected. However, the gap did not get completely filled - and yesterday's gap up (on higher volume) comfortably cleared the most recent pivot...
HRL has struggled to comfortably clear the $50 half figure zone. It is not a great trending stock - it has been a little erratic in the past, despite its overall uptrend since the low of 2000. The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014. More recently...
Since breaking above $100 a few weeks ago DIS has been on my watchlist. The first opportunity to enter was after the first bull flag/retest of the $100 figure - as this showed resistance turning into support. This may have been a little early to be confident that the gap would hold - but either of the subsequent breakouts offer more solid conviction that the...
BA spent the whole of 2014 in consolidation but now price has broken above the 2014 high and cleared the $150 half figure a new trend could be emerging. BA has trended well in the past, for several months at a time, so presents a reasonable opportunity for the longer-term trader. After such an extended period of consolidation there is a high probability that...
HII has relatively little data but so far the trend has been good. Most of 2014 was spent in consolidation (a cup and handle on the weekly chart) but since then the trend has become well established again. On the daily chart the pivot high was broken several times with fake breakouts but by early 2015 a solid retest had occurred. Since then there have been...
MAR earnings are due after the close today so I will be waiting to see how this affects price. If the move up continues there may be an opportunity to buy. MAR was a great performer last year. After cleanly breaking the 2007 high ($52) in about February/March 2014 the up trend continued to be linear with multiple pullbacks and breakouts allowing us to add to our...
KR is a stock I have been trading for some time - but it still offers a great opportunity if entering for the first time now. KR first came on to my radar in 2013 as it had begun to trend well. But we needed price to take out the 1999 high ($34.91) which it did in about July 2013. After the retest it looked safe to enter but unfortunately there was a second, deep...