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CNC continues bull trend after stock splitThis is the third time I have analysed CNC in the last few months. First in December 2014 - then again about a month ago. I have been waiting to see how CNC reacted to the February 2015 stock split which, so far, has been positive. Yesterday saw price break out of a small consolidation. Price in the last month has been in a short range - but did spike down to almost $65. This should not have caused any concern for longer-term trend traders, but was unusual activity. Since then price has moved sideways until yesterdays break out bar. This bar was very bullish and with slightly higher volume. However, earnings are due out in a few days time (28th April) so I will be standing aside until then. Once this data has shown itself to the market I will reconsider a buy for CNC.
NYSE:CNCLong
by iAnneTrader
ENDP approaching $100ENDP popped up on my breakout list today and I felt it was the best trending of the charts on offer. Unfortunately it is approaching the $100 figure mark and the trend doesn't look well enough established, just yet, to take a position before this possible resistance. The 2014 consolidation was very deep - price retraced almost back to the $50 mark after reaching a high of $82.16. But, since the beginning of 2015, a reasonable trend has begun to develop. Once the 2014 pivot high was cleared, in February, this stock could have become an interesting prospect. More recently we have a bull flag possibly forming on the weekly chart and yesterday's breakout bar was on slightly higher volume. However, the bars in general have a large range (on 11th March a single day's range was 672 points) which could make trading this stock a bit of a rollercoaster ride. And with price 636 points away from the $100 figure it would be prudent, at this stage, to wait a little longer and see how the trend continues.
ELong
by iAnneTrader
DST cup and handle followed by double bottomDST has a couple of good continuation chart patterns going on. A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher. More recently price formed a double bottom - another continuation pattern suggesting strength to the upside. The second part of the double bottom used the daily 50ma as support and, at around $104, suggests the $100 zone is now comfortably cleared. Price is now trading at just over $110 and we could see price head towards the $118 mark (taking a measured move from the cup and handle). I'm not looking to enter any new positions right now. But if I were (and I was happy to enter a low volume stock) I would put DST on my watchlist.
DLong
by iAnneTrader
BR retests $50 and continues uptrendBR is a low volume stock I would not trade. But it is trending well so may be of interest to those of you who are happy/able to consider a position here. This stock has been trending fairly well since breaking out of the 2007-2013 consolidation at just above $25. Price action can be a little unpredictable but this is to be expected with a low volume and fairly low priced stock. While price continued to rise in 2014 it did so slowly due to several deep and prolonged pullbacks. Since the beginning of January 2015 the uptrend has again become established. The daily 50ma is acting as support and price has passed and retested the $50 half figure zone. Yesterday saw a breakout bar on higher volume so we should expect to see further strength to the upside.
NYSE:BRLong
by iAnneTrader
WWAV breaks and retests $40WWAV doesn't have much data but it has been trending up since 2013. There was a long period of consolidation from September 2014 to February 2015. Although technically the consolidation didn't start until November the November high was only marginally higher - and price pretty much traded within the September pivot high and October pivot low range until the February breakout. With the $40 round number ahead price may well have stalled before reaching $40, but in fact cleared it quickly - then came back to retest (with a slightly lopsided double bottom chart formation). Yesterday price broke out the more recent pivot high - and on higher volume. However, the breakout was minimal and the bar not as bullish as I would like to see. WWAV has been trending well since 2013 and there is no resistance until possibly the $50 half figure. Volume is good, too. But, as the breakout bar wasn't overly convincing, I would wait for a clearer indication that the trend was continuing before buying this stock.
WLong
by iAnneTrader