DRQ gaps down on higher volumeIf you like shorting stock in an overall bull market DRQ offers a good opportunity. It gapped down yesterday on higher volume giving a good signal to take a near-term sell.
This stock is already in a solid downtrend, trading below the 200dma. It recently formed a double top in a downtrend, broke recent support and retested it - and now it has gapped down on higher volume.
The 2010 pivot high and $70 zone will act as support to price, however, but this is around 400 points away right now which is plenty for a near-term trade.
200dma
VFC breakout on higher volumeWhile other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend.
Yesterdays bar confirmed a bullish flag and price is now trading a clear distance above the recent September pivot high. This stock has trended well in the past so there could be an opportunity here to get in at the early stages of a possible new wave up.
CVA bullish flag in an uptrendCVA has just printed a bullish flag in an uptrend (on Thursday's bar). This gives a good indication that price will continue to rise (no chart pattern has 100% accuracy).
However, there is not so much room for this stock to uptrend before hitting resistance at around $30 (the 2008 high was $30.37). Some breakout traders prefer to only buy those stocks which are printing new all-time highs - and there are plenty around to choose from. But there is a potential for several dollars in this one, so should not be dismissed out of hand (particularly by shorter-term traders).
The pullbacks on this stock (since breaking above the 200dma) have been a little deep on occasion but nothing to cause concern. This suggests that a good trend is in play and may be worth further consideration on the next set-up.
DDD showing weaknessIf you're looking for a sell opportunity then DDD looks promising. The decline has been steep since the high (which didn't quite touch $100) at the end of 2013.
On the weekly chart price looks almost certain to end the week below the 200ma. If this does occur then a shorting opportunity may present itself (although we should wait one more trading day just to be certain).
On the daily chart there was a large reversal candle at the 200dma (1st July) since which price has continued it's bearish move. A further gap down (on higher volume on 22nd October) gave yet more weight to a continued decline.
There could be resistance at the $28-$30 zone but, if you like to short in an overall bull market, DDD should be added to your watchlist.
JLL bullish after breaking 2007 highNow JLL has broken and retested the 2007 high ($124.99) there is room for price to move further to the upside.
There was a cluster of support at around $125 but it dipped just below this during the October pullback (which affected most stocks). It found support at the 50ma on the weekly chart but popped below the 200ma on the daily chart.
Since then price has cleared the more recent August high and yesterday a bullish flag was confirmed. In the last year this stock has trended well - a few of the pullbacks have been a little on the deep side but, other than October's, they would not have presented an issue to the longer-term trend trader.
MDRX gaps down on earningsMDRX has been in a messy downtrend for a few weeks so Friday's gap down, on the earnings announcements, did not come as a surprise.
As volume was also up there is a good probability that the bear move will continue. However, because the trend is not very neat and because there is support at $8.84 this is a near-term shorting opportunity only. That still gives a potential 216 point move, provide the gap doesn't get filled.
THG gaps up for short term opportunityTHG is not a great trending stock but yesterday's gap up on the daily chart offers a possible short term opportunity.
This stock may continue its general move to the upside but it is too erratic (at present) to trade with confidence for the long term. Price has dropped below the daily 200ma on several occasions recently, which prevents it being a good trend.
However, there is no reason that the bullish move shouldn't continues over the next few days. Beware that profits could be limited as there are the highs of 2000 ($74.25) and 1998 ($75.25) as possible resistances to contend with, as well as the figure 70.
Momentum Stocks keep making new highs = BULLISH SIGNALMomentum stocks keep making new highs. Triquint broke out after eps w/volume weeks after testing 200DMA Benchmark. Technically $27 is price target
Lovin this LREP Risk/Reward is perfectIf 200DMA is violated then we closed position with MINIMUM LOSS. 200dma CROSSOVER is one of the best long set ups & this one has the fuel of strong EPS
EUR/HUF LONG TRADERSI ABOVE 50 + MACD CROSSOVER + TESTED TRENDLINE + BROKEN SHORT TRENDLINE + FIGHTING 200DMA. IF 200DMA IS VIOLATED A NICE LONG TRADE MIGHT TAKE PLACE
