Weekly Look at Two Favorite Short Set ups. $KORS $HLF
Charts Of Interest
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Not looking for Long entries right now, but just paying attention to names that are holding up well.
Not looking for Long entries right now, but just paying attention to names that are holding up well.
Charts of Interest - $AAP $CAT $CFX $CXO $DG $HLF $HMSY etc...
A few names that were mentioned in IBD today such as CFX and IHS, both caught my attention. If you look at the weekly chart of CFX, it has been under accumulation since late October. IHS also mentioned just cleared its 90 area soaring to new all time highs on about 4x average volume.
HLF was looking like a great short as it flagged underneath the 200dma, although breaking out to the upside today thru its 200dma, which for almost a month was finding as resistance. The descending wedge suggests a measured move back to where the pattern originated at highs 63.40ish. A move thru the 50d may provide another entry.
@Flare9x and @ABTrader brought NUAN and INVN to my attention which I entered yesterday. Both working well. INVN moving higher on strong volume.
My favorites remain OXY, EOG, APA, APC, DVN, PXD, NOV, CXO, CLR, and for a cheap one EPM is setting up nicely.
HLF was looking like a great short as it flagged underneath the 200dma, although breaking out to the upside today thru its 200dma, which for almost a month was finding as resistance. The descending wedge suggests a measured move back to where the pattern originated at highs 63.40ish. A move thru the 50d may provide another entry.
@Flare9x and @ABTrader brought NUAN and INVN to my attention which I entered yesterday. Both working well. INVN moving higher on strong volume.
My favorites remain OXY, EOG, APA, APC, DVN, PXD, NOV, CXO, CLR, and for a cheap one EPM is setting up nicely.
AAP Daily
AAP Weekly
CAT Daily
CFX Daily
DG Daily
HLF Daily
HMSY Daily
IHS Daily
INVN Daily
NUAN Daily
ULTA Daily
CXO Daily
CXO Weekly
OXY Daily
OXY Weekly
PXD Daily
CF Daily