NBIX is in the biotech sector which I have been highlighting for several months as one of the strongest areas in the market. After emerging from a textbook breakout pattern in early August, shares have consolidated in a tight handle formation. If you look at the relative strength line at the top of the chart, you will notice three pink dots over the last several...
$ULTA - Consumer Cyclical | Specialty Retail 1yr of ranging price action, coupled with higher lows in RS where lows on price remains flat latest ER beats by 0.71, beats on revs, comps of +14.4%; guides FY23 EPS and revs above consensus, raises FY23 comp guidance remarkable
Looking to continue up movement. IBD50 stock Broke diagonal resistance. went back to it and now possibly will continue up. Good volume before breakout.
Canslim A+ stock. Consolidating with potential upside. Increased volume showing institutional interest.
Here is A+ CANSLIM stock. Waiting for breakout to the upside. Only if market allows in the next few days. Low volume in the range. (Good)
Here is a CANSLIM stock. Waiting for breakout to the upside from this flag. Only if market allows in the next few days.
Break out of base and congestion. Waiting for better market breadth. Good CANSLIM stock.
$ARRY - Tech | Solar interesting price chart, ADR is at 10%. price is up +220% from YTD low but the momentum for further BO seem to be gathering pace again. currently a bullish flag (mini bullish falling wedge). BO confirms at $22 with EOD vol exceeding 200mil
$MOS - Basic Materials | Agri 1mth RS with orderly price action along its rising 10/20 MAs. price stalled over past 8 sessions into a narrow price zone of low/high VWAPs. rising 200MA shows no signs of flattening BO needs to clear VWAP from ATH at $56.50.
$APA - Energy | Oil & Gas energy sector leads in RS over a 4wk period. $APA outperformed among the S&P500 names from yesterday's market selloff with a double bottom price pattern from its correction in a 2-years uptrend. BO lvl coincides with confluence of VWAP & KMAs at $37.50
Argenx is another biotech stock setting up in a textbook breakout pattern. Shares traded up through resistance Monday morning on good volume, but the move was ultimately held back by a nasty overall market. ARGX still held up well, and will likely continue its advance higher.
$A - Healthcare | Diagnostics & Research Low ADR, but the multi year long uptrend along with its consistent YoY EPS and sales growth makes this an interesting growth name to be in the WL latest ER have $A gapped above its 200MA and AVWAP from ATH. actionable trade at $150 imo
$MERC - Basic Materials | Paper Products this have appeared in various scans on daily basis for over a month now trading at pivot to BO lvl of a C&H pattern to rising KMAs including 200MA (which is pretty rare at this period of the market) latest YoY ER +234% EPS, +42% sales
$PCTY - Tech | Software - App +19.59% move post ER to decent YoY earnings and sales growth (+74% and +37% respectively). currently displaying a bullish pennant setup awaiting for more traction for another leg of upside breakout. trading above all KMAs and VWAP from ATH.
Murphy USA (MUSA) is breaking out into new highs, triggering a low-risk entry point. Relative strength has been surging all year as shares steadily outperformed the market. After a gap up earning move on July 28, the stock consolidated for three weeks with minimal pullbacks - a sign that buyers are not selling and the stock is moving to the strong hands. Sales...
$AN - Auto & Truck Dealerships after 6 mths, $AN still remains in my actionable watchlist at $126.45. the prolonged period of consolidation from its ATH in Oct'21 turned this into a very attractive position trade proposition. price tightening into triangle range since April
$TOST - Tech | Software Infra (another tech as the sector is leading in 1&3 mths RS) traded out of a 6mths bullish falling wedge to rising 10/20 MAs and RS. pre-Fri's ER posted strongest ever quarterly sales. Fri traded as much as +19% intraday ATH VWAP is a key pivot level now
$PAYO - Tech | Software Infra RS, basing & whipsawing around its 10/20/50 MAs for over 6 months. begun trading directionally since July ahead of its ER strong beat in Friday's ER have it trading above its 200MA for the 1st since 09/2021 on high vol, a sign of character change