iAnneTrader

iAnneTrader

ACT has been on a great bull run since breaking out from a pullback/consolidation (and the 2000 high) in early 2012 - as can be seen on the weekly chart. Unfortunately, the trend hasn't been as smooth on the daily chart throughout 2014 - with multiple breached of the 50ma (which should act as support). Since December 2014, however, we have seen the trend just...

iAnneTrader

FSL gapped up for a second time on Friday and has now comfortably cleared the 2014 high. As this stock has not been trading for long it is more difficult to gauge how relevant the recent gaps have been. Certainly they both exhibited higher volume. But neither bar was bullish, which is preferred for a gap up. So saying, the current uptrend (established in early...

iAnneTrader

The last two bars for AAPL have been bullish and on increasing volume. Yesterday's bar even gapped up slightly. I last looked at this stock in mid-November 2014 after price had comfortably cleared the 2012 high and 100 figure. A buy in November would have been quite frustrating as initially the trade would have gone into profit but subsequently been stopped out...

iAnneTrader

I last looked at TSO in November 2014. At the time I concluded that the trend was up but it hadn't performed consistently enough to warrant a long-term buy. I still stand by that analysis. Price is continuing to move up but the pullbacks are too deep - retracing back to the 200ma on the daily chart. It is using areas of support and resistance well but for a more...

iAnneTrader

IPGP is a possible near-term buy opportunity. It is not trending well so is not a longer-term trade right now. Yesterday's gap up offers a near-term buy due to the increase in volume on both this and the previous bar. Friday's bar (6th February) was actually more bullish and broke out above the strong resistance (at $78.59) and above the round number ($80)....

iAnneTrader

AYI initially caught my eye from the daily price action. The March 2014 resistance has been retested and is now support. Price is above the $150 half figure. And yesterday's breakout bar was very bullish on higher volume. On the weekly chart the inverted head and shoulders also stood out as a reason to go long on this stock. A measured move would take price to...

iAnneTrader

Initially, when I saw the gap down on YELP, I thought this stock looked good to short for a near-term gain. I usually concentrate on the weekly and daily timeframes and, with the gap down breaking through previous support, the $50 half figure and with higher volume, this looked like a great shorting opportunity - as there appeared to be no further support for some...

iAnneTrader

MD was trending really well until early 2014 when there was a prolonged correction/pullback. Since then it has outperformed the S&P by some distance. Price took it's time to comfortably clear the $64 zone, finally doing so on 29th January 2015 with an extremely large, bullish bar and higher volume. More recently, Friday's bar closed above the $70 round number...

iAnneTrader

The uptrend for SPR is still a little erratic. It has been using the daily 200ma as support rather than the 50ma - so the pullbacks have been deep and prolonged. This has not made it easy to trend trade. However, since breaking above the 2007 high ($41.72) we have seen a slight change in personality. Price did struggle at this level and retested the area three...

iAnneTrader

CBI has been in a downtrend since mid-2014 but, with the overall bullish markets during that time, I was not looking for any shorting trades. However, this stock has trended quite well with only minor breaches of the 50ma. Friday's bar confirmed an inverted cup and handle - unfortunately this formation was not very deep and the resulting measured move was almost...

iAnneTrader

With the US indices in a mini-range right now there aren't many breakout opportunities. BRX is a good trending stock but has only been trading for just over a year - so not one I would look to trade at the moment. However, despite some erratic volume (on relatively small bars), it continues to push up in a fairly uniform fashion. The pullbacks are generally not...

iAnneTrader

Earnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open. This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now....

iAnneTrader

I last looked at JOY on 12th December 2014 when it gapped down (confirming an inverted cup and handle formation). At the time there were still a few support zones to tackle - plus earnings. So although I felt that in the longer-term price would continue to fall I wanted to wait for price to clear these hurdles. Unfortunately this meant waiting for the cup and...

iAnneTrader

HSP is a stock which cropped up on my stock scan at the weekend. It has appeared before but wasn't of interest to me until it clearly broke the 2010 pivot high of $60.49. The move in December 2014 could well have been a head fake but the hammer/reversal candle on 6th January suggested a continued move to the upside. The resistance-turned-support was almost...

iAnneTrader

SPG caught my eye yesterday morning with 14th January's bullish bar on the breakout (and with higher volume). But it was trading below $200 so I passed it by. However, during the day price traded just above $200 ($200.42) so there could be continued strength to the upside. This is supported by the cup and handle pattern which formed below the May 2013 pivot high....

iAnneTrader

FCX has just gapped down below $20 producing a potential bear flag on the weekly chart. This is a good near-term trading opportunity but this is very short-term only - as earnings are due out on 22nd January. However, if the downtrend stays in play, earnings could add to the bearish momentum. It took over 18 months for price to break below the June 2013 pivot low...

iAnneTrader

HCN reached a high in May 2013 (of $80.07) before a very large correction, later that year, followed by a bullish trend throughout 2014. A few days ago (12th January) price finally broke above $80. Since then volume has also been on the rise - and the bars neutral or bullish. But, as it has taken price 20 months to regain the previous high, I would want to see a...

iAnneTrader

IDXX has just broken up out of a nine week pullback. Price struggled to break above the $150 half-figure zone during that time. Prior to this there was a very deep pullback (September/October 2014) which broke below the weekly 50ma for several weeks. However, price is currently in an uptrend, despite the recent pullback - which, in fact, formed an inverted head...