$PNRA - Low vol. but worth a look
PNRA holding up extrememly well since gapping up after earning on Feb. 11th. Does't trade much volume but worth a look if the price and volume is there.
$EOG Cup & Handle
The first technical entry was at 108.00. Since I missed that entry I will have to wait for it to clear 115.25 or if it pulls back I would enter on a pull back to 10/21d moving averages.
When you make a trade, "you should have a clear target where to sell if the market moves against you. And you must obey your rules! Never sustain a loss of more than 10% of your capital. Losses are twice as expensive to make up. I always established a stop before making a trade." -J.L.
$FCX Ripping thru 50dma
FCX breaking out from this descending channel. Looking great and ready to retest recent highs around 61.50. Near term measured move is to 61.50 and longer term to about 80.00 +/-
On the 30 minute chart you can see the double bottom near 46.00 and the volume ramp showing demand at 46-47 level as well as volume ramping as it cleared 53.50.
On the 30 minute chart you can see the double bottom near 46.00 and the volume ramp showing demand at 46-47 level as well as volume ramping as it cleared 53.50.
I absolutely believe that price movement patterns are being repeated. They are recurring patterns that appear over and over, with slight variations. This is because markets are driven by humans -- and human nature never changes. - J.L.
$LULU - 50d providing a lot of support
Will look to enter on a break of this descending trend line.
$APC - Nearing all time highs
Would love to see volume surge when i clears 83.00. When/if it clears 83.00, 95/100 is my first target price.
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get rich-quick adventurer. They will die poor. - J.L.
$DE resting right on 50dma
DE set up to retest highs. It broke out of it's descending wedge on 3/18/11.
$WLT 30min Cup $ Handle
Long at 120.75. Stop is at 119.50. Target is roughly 126.00. Which falls in line with the gap fill from 3/7/11.
She Likes the Cup and Handle too...
$WLT to 190-200.00
WLT has been been basing for almost 4 months now. I am looking to enter on a break out of this descending channel and will add above the highs of the channel. Roughly looking for a move to $190.00 to $200.00. Measuring the move from 60.00 to 140.00 from 110.00 to 190.00.
$EOG Trade Today
One of my rules while day trading, is if a stock gaps up, I do not buy the stock until it takes out the high of the first 30 minute range. EOG gapped up today and felt fairly strong. I had Buy Stops set at 113.40. Stops below my moving averages, and roughly a target of 114.50 - 14.75. I ended up taking trade off at 114.00 as I saw some resistance on the daily between 114.30+, and figured I could re-enter if it set up again.
A Monthly look at $BIIB
This stock has been in range for over 10+ years. I set an alert at 86.00. Maybe in another 10 years when my alert goes off, I'll buy it..
"I have always fully understood that I am not the only one who knows that the stock market is the world’s biggest gold mine, sitting at the foot of the island of Manhattan. A gold mine that opens its doors every day and invites anyone and everyone in to plump its depths and leave with wheelbarrows full of gold bars, if they can – and I have done it. The gold mine is there all right, and every day somebody plumps its depths, and when the bell rings at the end of the day they have gone from pauper to prince, or gone from prince to supreme potentate, or gone stony broke. And it’s always there waiting." - J.L.
Further Downside for $COH
COH double topped at 58.50. Last week it broke down thru support (51.30ish). The measured move to the downside falls in line with heavier support put in early 2010 between 43.00 and 45.00.
