Looking at the weekly or even monthly charts you can see that the company is consistently doing really well. Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout. The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company. However, I do think that WMS may...
STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another. The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since. Now the price is challenging $36.40 which served as support for 5 months...
PYPL made a new all-time-high in February of 2021 and now it's looking to make new all-time-highs. Fundamentally: * Sales growth quarter over quarter is more than 30% * Earnings-per-share expected to grow +5% over the next year Technically: * Beta score of over 1 * General up-trend * In rage from year-to-date * Found new support at $289.46 * Steady volume as...
AMD is looking to end its year long consolidation and look to new horizons. Thoughts: * Looking at the weekly or even monthly time frames you can see it's in a clear up trend * It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs. * Very high trading volume likely to push the price higher from here. Trade idea:...
HCA is consolidating after a large move up. Buying pressure came in on 25th of June 2021 and set $204 as support. Since then buying volume has decreased but not by a lot. That's why HCA is positioning it self for a breakout. Looking at the longer time-frames, it's showing a clear up trend and it's also expected to grow its earnings-per-share over the coming...
FAST is trying to break through and close above its recent all-time-high of $54.31. Good news is that it's holding its previous all-time-high of $51.89 as support. With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31 Final thoughts * Strong up...
UDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green. Taking a look at the volume coming in, it seems like it will break in the coming week. Not only is this setting up for a great trade, it's also a great long term...
* Making new all-time-highs * Expected to better in the coming year * Beta of over 1 * Not much volume following the break or even before the break * Has been consolidating since 2015 and recently broke out again from $201.24 * Good long term hold as it pays out dividends * This did break the recent all-time-highs of $210.18 but not with a lot of volume * It...
V (Visa) is making new all-time-highs following a tonne of buying volume that kicked in last week. Looking at the weekly or even monthly chart, it's clear that V has been doing very well through the years. This is definitely one to keep your eyes on and one to have in your long term portfolio as it pays out dividends as well. Final thoughts: * Look for buying...
ELS has been absolutely crushing it for the past 6 months with every month closing green! It's approaching it's all-time-highs from February 2020 so the question now is, can it break? Thoughts: * Long term up-trend * Strong up-trend for tha past 6 months * Great long term hold as it's a REIT and therefore pays out generous dividends * Approaching...
ALGM is making an Inverse Head-and-Shoulders and is on the verge of confirming the pattern. With yesterdays volume it seems like it's ready for a break out. The measured objective of this pattern would be somewhere around $34.40. Do keep in mind $31.30 and 32.30 may act as resistance on the way to the final objective.
It's been months since SYNH has been consolidating and it finally broke out today. Tonnes of buying pressure came in early June that proved $80.30 as a solid support level. Since then SYNH has been heading up. Looking at the weekly or even monthly charts you can see that the company's been doing really well with the stock showing a clear up trend. With the...
CNC has had $74.50 as resistance since mid 2018 and it's currently being tested again. Recently the Price Action has been sticking very close to this resistance. This generally indicates that a breakout is imminent. If you go back to 2018 you can see that the PA has never stuck this close to the resistance point. Will it break? Your guess is as good as mine....
Long term up-trend on the weekly and monthly charts Due to break out of a 4 month breakout At all-time-highs Volume coming in to push the price higher Final thoughts: Look for buying opportunities around the 157.30 to 157.80 area. OR Wait for a break and hold above $160.14
APH broke out from resistance with volume on Friday July 2nd. The question now is, can it hold. On Friday, APH gaped up with volume and closed above the 4 month resistance that was forming around the $69.10 area. Not only has APH broken out of resistance, it has also broken out of this ascending triangle. Making new all-time-highs, breaking out of a long...
TPX broke out after consolidation that was followed by a massive up trend since the March 2020 crash. * It has volume * It's making all-time-highs * It has momentum I think this can come back to retest the 40.45 area or consolidate above the breakout for a bit before moving higher. Final thoughts: * Look for buying opportunities in the $40.45 to $41.04 area *...
DXCM has been in consolidation over the past year and within that it's been forming a smaller range since Feb of 2021. The smaller range has broken out with a lot of buying pressure and is now testing the broken resistance as support. Three things make this breakout significant. 1. It broke out with a lot of volume 2. It's retesting the broken resistance of...
Give or take EL has been consolidating since the beginning of 2021 and is now positioning itself for a nice break out. Before the official break out I do think it'll revisit the $308 to $310 area. Currently it's testing resistance and has decent volume as well. Looking at the weekly or even the monthly chart we can see a clear up trend. Final Notes: If...