$CDNS showing classic signs of being under accumulation, with a six month base, multiple pocket pivots and an up/down ratio of 1.43 - it has an acc/dis rating of A- on IBD and features in the top 50, with a composite rating of 96. Definitely worth keeping on watch for a break over $168.83
$HRMY is a relatively new company in the biotech space and has held up incredibly well since it's IPO in 2020, forming a nice 2 year base. Price is currently sat just under $54 above which are clear skies. The weekly chart shows an up/down ratio of over 2, suggesting significant institutional accumulation
SWIR had a massive run recently and has had a healthy 20% correction to the 50 fib with an U/D ratio of just under 2, which is a good indication that institutions are accumulating this stock. Price is currently under the 78.6 fib and volume is drying up whilst price holds relatively steady; a trade targeting $25 and a stop at yesterday's low (also the open and...
Looks like MICS had a big insitutional buyer recently, showing a huge amount of volume come in that drove the price up after a 30/1 stock split. Price has held since then with an U/D ratio of over 2 - a strong indication that this is being bought by institutions. This could almost pass for a high tight flag too. There looks to be supply at $9.31, but a long trade...
CNX has shown great strength recently and broke over $23.33 pivot to hit new ATHs yesterday; volume has also increased, having shown volume dry up during the accumulation phase. The U/D ratio on this ticker is also good and suggestive of institutions buying this stock up.
* Excellent earnings * Very strong up trend * High 3-month relative strength of 4.43 in the Tech sector * Broke out of a 1 year base with tonnes of volume on earnings * Started to consolidate after the breakout in a tight 7-8 week range * Has a U/D ratio of 2.11, indicating that it's under accumulation Trade Idea: * You can enter on the closing price today as...