The $25 level was a strong support level during April and July. Now it has broken this support level and have become the resistance level. If it breaks above this strong resistance level with strong volume, a long position will be great. If it breaks below $20, get short. As it consolidates, the volume is drying up. So, any breakout, above $25 or below $20 with...
Consolidation is over. It broke out. Time to get long and target $115-117.
Besides the positive technical signals, it produced a really strong earnings this season. Sprouts Farmers Market has been named one of the top five supermarkets in the country by Consumer Reports. It also offers high quality goods at reasonable prices, making it more competitive.
XHB closed above the 200-MA but it still needs to break above the resistance trend line. If it does not break above it, this is a short candidate.
It has a little bullish flag forming up and has broken the resistance. However, the 50 and 100 MAs are still below the 200 MA. So, just to be more cautious, a good entry would be when the shorter MAs cross above the 200 MA.
The 20-day and 50-day moving average crossed below 200-day moving average - not a favorable case for long.
WFM has a resistance level at $40. If it breaks through $40, it can be a good candidate for long. If not, we can short it. But given the rising MFI and OBV with the formation of double bottom, it is likely to break out.
WFM has a resistance level at $40. A long entry would be possible after the break through of this resistance. If it does not break out, it can be a good candidate for short. But given the rising MFI and OBV with the formation of double bottom, it may break out.
FPRX has broken out of the three months long accumulation.
UNH has been in a well-defined trend through the year. A good entry for a long position would be after the price pulls back to the lower trend line.
The upper and the lower bands of the Bollinger band are forming a bullish divergence. When this formation occurs, prices keeps going up for a while and stays over the Bollinger Band just to have another pullback. As of now, the bullish divergence has just started and would be good for long.
BLOX broke out of the consolidation. MACD, Money Flow Index, and On Balance Volume are headed higher as well.
ANIP has broken out of the consolidation which started in August. MACD and Money Flow Index are also pointing upward.
SMTC has been consolidating between $21 and $28 since the beginning of the year. For now, we can go long with the stock until it hits $28. If it break above $28, it would be another entry point to get long. If it does not, we can short it.