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Buyzone

CPRT ready to move higher?I last spoke about this on October 29th as it was breaking out of the resistance at $152.85. At that time I did mention that this may end up consolidating for a while before it's ready to move higher. Now CPRT is offering yet another entry and it seems like it's ready to move higher from here. What's really interesting about this is that it consolidated while the general market was in a correction. This indicates that institutions are interested in this stock and were keeping it afloat. Now may be the perfect time to enter before it starts heading higher. Everything from my previous post still stands. Trade Idea: * Now's the right time to enter as the stock is trading at higher than average volume * Earnings coming up next week * If you're looking for a slight discount you can look for an entry around the $152.85 area * $152.85 as been serving as support and should serve as support going forward
NASDAQ:CPRTLong
by HaseebKhan_90
HTA breaking out of a month long tight range* Okay earnings * General up trend * High 3-month relative strength of 4.02 in the Healthcare sector * Recently broke above the early 2020 highs of $31.48 with a break-away gap * Breaking out of a 20 day tight range with slightly higher than average volume * During this consolidation the volume was very steady with some spikes in buying. This shows institutional interest in this stock. Trade Idea: * If you can stomach a little volatility now's a great time to enter as the price just broke out of the range and is still close to the broken level. * If you're looking for a slight discount you can look to enter around the $33.61 area as that should serve as support Caution: * General market may continue to correct * A daily close below $33.61 would put the price back inside the range and expose $32.96 as the next level of support. * A daily close below the indicated range i.e. $32.96 would negate the idea.
HLong
by HaseebKhan_90
KW looking to go higher?* Great earnings * General up trend * High relative strength in the Real Estate sector * Pays generous dividends * Recently broke out the previous ATH from 2015 of $21.93 * Before that it consolidated between 18.66 and 20.46 for ~5 months * After breaking out of $20.46 it create a base on top of base pattern and consolidated for ~2 months before breaking previous ATH Trade Idea: * You can enter now as indicated if you don't mind a little volatility * Or you can wait for a slight discount by looking for entry opportunities near the 21.93 to 22.12 range Note: * This may be forming a higher handle to a cup and handle pattern. The rounding price action between 20.92 and 22.12 would serve as the cup.
NYSE:KWLong
by HaseebKhan_90
BOX presenting a high probability setup!* Exceptional earnings year over year * Breaking out of its IPO base once again that dates back to 2015 ($24.73) * High relative strength in the Tech sector * In a very tight range for the past 3 weeks * Offering a pocket pivot with in the range just before the breakout * Maximum probable ROI would 21.65% Trade Idea : This is a great time to enter as it's just before the breakout A lot of things are lining up right now * Pocket pivot indicating institutional interest * Tight consolidation for the past three weeks * Very close to breaking out * Recently broke back above the IPO base * If you want to look for a discount you can look for buying opportunities near the $25.54 area
NYSE:BOXLong
by HaseebKhan_90
AAWW giving an entry opportunity before the next leg higher?* Great earnings * Earnings accelerating for the past three quarters * High relative strength in the Industrial sector * Mostly sideways price action historically but recently broke out of a multi year base that dates back to '08 ($66.45) * Retested the broken multi-year base as support before continuing to make higher moves * Sitting right above broken resistance of $85.77 with higher than average volume Trade Idea: * You can enter now if you don't mind a little volatility as the price is very close to the broken level * Or, given the recent bases, this may consolidate for a few days near $85.77 as the volume starts to drop * If you decide to wait, keep an eye out for an increase in volume before getting in. * If this stock comes back on my radar I'll post about it as that would be a better entry; but for now, this is good.
ALong
by HaseebKhan_90
NXST offering a pocket pivot entry* Okay earnings * Steady up trend * High RS in the Communication Services sector * Trading in a tight range for the past ~9 months * Last couple of days picking up high volume Notes: * This is still trading n a range so be careful. It may continue trading in this range. * Pocket pivots indicate that the institutions are interested in the particular stock and are buying in to build their position. * Given the price action, if this breaks and closes above 157.45 it'll most likely try and break out of this range. * Level of support would likely be 147.14 from here.
NASDAQ:NXSTLong
by HaseebKhan_90
2
SYK offering a pocket pivot entry!* Excellent earnings * Very strong up trend * Very high 3-month relative strength in the Healthcare sector * Pocket pivot occurred on the right side of the basing pattern with high volume * Steady increase in price shows tonnes of institutional demand Trade Idea: * Now's the perfect time to get in as recent volume is indicating institutional interest * The entry from here has very little to no overhead resistance * Price closed above $274.69 which puts more probability in our favor of the price going higher * A daily close below $274.69 would expose $266.76 as the next level of support
NYSE:SYKLong
by HaseebKhan_90
PGNY showing a pocket pivot setup!* Excellent earnings * Very strong up trend * Extremely high 3-month relative strength in the Healthcare sector (110..69) * Pocket pivot occurred on the right side of the basing pattern with extremely high volume * Pattern shows tonnes of institutional demand * Maximum probable ROI for this trade would be around 33.75% Trade Idea: * Now's the right time to get in as the volume should continue to pick up * Best part about this trade is that there's barely any overhead resistance * The fact that the price closed above $62.50 indicates that it should continue going higher from here. * A breakout from $65.45 could send the price much higher!
NASDAQ:PGNYLong
by HaseebKhan_90
BYD is looking ready to move higher!* Great earnings * Strong up trend * High relative strength in the Consumer Cyclical sector * Recently broke above a multi-year base at $50.32 * Has been basing ~8 months * Forming a tight consolidation at the right side of the base * Breaking out with higher than average volume * Maximum probable ROI on this trade would be ~29% Trade Idea: * Now's the right time to enter as the price isn't too far away from the broken level. * If you're looking for a slight discount you can look for buying opportunities near the $66.62 area * A break and daily close below $66.62 would expose the $63.54 level as support.
NYSE:BYDLong
by HaseebKhan_90
PH had a strong earnings gap up!* Great earnings * Very strong up trend * High relative strength in the Industrial sector * Broke out of a ~7 month consolidation period with very high volume (162.6% above average) Note: With very high volume on earnings, this very well may be a break away gap and may continue going higher from here. Trade Idea: * You can enter now and ride higher. * Or you can look for buying opportunities near the $321.65 area * A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.
NYSE:PHLong
by HaseebKhan_90
PRFT offering another entry before shooting higher!* Excellent earnings * Very strong up trend * High RS in the Tech sector * Testing broken resistance as support of a ~2 month consolidation * Very high volume (178.3% higher than average) Trade Idea: * Usually when a stock breaks out, comes down and offers another entry it means it's ready to go higher. * Given the volume, it seems like institutions are interested in the stock * As always, now's the time to jump on board!!!
PLong
by HaseebKhan_90
LXP breaking out of a tight consolidation with high volume!* Good earnings * Strong up trend * High relative strength in the Real Estate sector * Pays out dividends generously * Breaking out of a very tight 2.64% range with 104.98% higher than average volume. * This can also be considered a Pocket Pivot breakout Trade Idea: * Now is the perfect time to get in as the price is still very close to the broken range resistance. * It's also presenting a Pocket Pivot breakout which shows strong institutional interest in the stock
NYSE:LXPLong
by HaseebKhan_90
BG breaking out of a multi-year base!* Steady earnings * Starting a new trend higher * High relative strength in the Consumer Defensive sector * Pays dividends * Breaking out of a base that dates back to 2007 with higher than average volume (42.34% higher) * Forming a very well shaped cup and handle pattern * Maximum probable ROI for this trade is 24.83% Trade Idea: * This is the perfect time to get in as the price is still very close to the level being broken. * You can see that the price did try to break out a few days ago but now it's trying to break again! * If you're looking for a discount you can look for buying opportunities near the $88.85 area as that should serve as support
NYSE:BGLong
by HaseebKhan_90