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100figure

EFX approaching $100EFX has been in a pretty good trend since 2012. There have been a few pullbacks which would have been too deep to wait out. But more recently it looks like price has begun to trend again quite nicely. As yet we are not seeing a good linear trend. After the fake breakout below the 200sma on the daily chart (October 2014), however, the daily 50sma has provided good support. Since the earning announcement last month (April) price gapped up and pulled back slightly - but this time staying well clear of the 50sma. The pullback was short and neat, suggesting further momentum to the upside. However, this stock has not yet proved it can produce good linear trends for prolonged periods. With the $100 figure imminent I will be waiting a little longer to see how the trend develops. With my style of trading I prefer to wait for really good trends to emerge then trade them for weeks, months, or even years.
NYSE:EFXLong
by iAnneTrader
INCY approaching $100 INCY isn't quite there yet - as a good linear trending stock. The daily 50ma is beginning to look like it may be offering consistent support but it is early days. There was congestion around the $50 and daily 200ma zone for several months in the middle of 2014 - which was some way off the February 2014 high of just above $70. Towards the end of last year price broke above this area with previous resistance becoming support. Since then we can see signs of a tentative trend beginning to form. Yesterday's bar confirmed a bull flag - and price also broke out on higher volume. The bar was extremely bullish, too. However, the $100 figure is now too close to consider a long position at the moment - especially taking into account price action around the $50 half figure. But there is some way to go before the 2000 high of $145 so there is time for a better trend to develop here. If it does I will reconsider INCY then.
NASDAQ:INCYLong
by iAnneTrader
MNK trending well since breaking $100MNK 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 act as support. There was a doji just below the resistance and, later, a spinning top retest as $100 became support. On 16th March there was a breakout bar (on higher volume) followed by another bullish bar yesterday. Volume is good on this stock so a buy opportunity beckons.
MLong
by iAnneTrader
AET clears $100 figureAET 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 October 2014, and since retesting and clearing this zone price has become much more predictable. From early 2015 the pullbacks have started to become less deep and more uniform - initially using the daily 50ma as support. And since February AET is finding support much closer to price action. Now price has broken and retested the $100 figure, and proved itself to be a linear trending stock, AET offers a good buy opportunity.
ALong
by iAnneTrader
LII bull flags confirm break above $100LII 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 months. Clearing $100 was more straightforward - although there were a number of indecision candles (doji in the main) just above this level. There was no particular retest of either $95 or £100 so longer-term trend traders would have to wait for further confirmation that the uptrend had continued momentum. The two recent bull flags have given such a signal and a buy position could well provide good profits. The one point of note here, however, is that in the previous bull trend (shown on the weekly) the pullbacks were pretty deep. So far the latest trend is proving to be more linear - but patience and wider stops may be needed to successfully trade this stock.
NYSE:LIILong
by iAnneTrader
CNC continues its bull trend after stock splitCNC 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 six weeks before this and had not become established enough to trade. I was also waiting for a retest of what was then the $100 figure (now $50 due to the stock split). Price did retest $100 (now $50), moved a little sideways (within a narrow range - hence keeping the trend intact) and has since printed multiple bull flags. However, with the stock split announced in early February it was preferable to stand aside to see what the outcome would be. By waiting to enter we can see a really good trend has developed. With no price resistance ahead and a breakout bar yesterday (although higher volume would've been preferable) this is a good buy opportunity.
NYSE:CNCLong
by iAnneTrader
1
Is MDVN uptrend becoming established?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 form a slightly skewed double bottom which just breached support. Last week this consolidation/pullback zone was broken with a gap up (on higher volume). Price now seems to be trending again and, with no resistance ahead, this could be a good (but early) opportunity to buy this stock. Longer-term traders may want to wait a little longer to see the trend become more established.
MLong
by iAnneTrader
1
SWKS trending well but approaching $100SWKS 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, after the October 2014 pullback, it could have been traded again. Although the 2000 high, of $78.25, was on the horizon there was still plenty of room for price to move. In fact, price passed this high with little fuss - the retest marginally breached $78.25 - although the pullback did take a few weeks to complete. Now price is approaching the $100 figure (which can act as a psychological resistance) and the chances of becoming risk-free prior to this are dwindling. For near-term traders there is a good opportunity here, but for longer-term traders it may be safer to wait for $100 to be broken (and possibly also wait for the earnings announcement on 21st April).
NASDAQ:SWKSLong
by iAnneTrader