The charts of many stocks in two particular industries are shaping up to be enticing setups. Both the medical wholesale equipment group as well as discount stores are being detected by The PPT algorithm today for sharp increases in their daily hybrid scores, combining a variety of technicals and fundamental factors. (PPT Members click here and here for those screens).
Here are just a few of those setups…
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With Intel suddenly leading the charge higher, the “Broad Line” segment of the semiconductors are sporting a snazzy collection of charts setting up behind. While it remains to be seen if the semis as a whole will outperform the broad market in the coming months, they sure do look ripe for trades at the moment. After all, there’s no time like the present.
See my notes on the following annotated charts below for analysis and price triggers.
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One of the hallmarks of the 2003-2007 bull market was seeing some IPO’s initially struggle during their first several months after going public, before eventually exploding higher for massive gains. Both FSLR and GOOG (there were a few others) come to mind as examples of IPO’s during that bull run who saw a brief consolidation after going public, lulling hot money traders to sleep. As we know, though, those firms went on to see exponential gains over the next few years. Now, far be it from me to declare that all recent IPO’s will be ten-baggers in the coming years. However, it is worth nothing that a slew of recent IPO’s have now had several months to act like ho’s, playing mind games with traders lacking patience.
The following stocks (with charts below) have all IPO’d within the past few months, and should be monitored for stealth breakouts. DANG and YOKU are on many hot money trader’s screens as it is, but do not neglect the others.
DANG HHC NTSP SODA VRA YOKU
Disclosure: Long NTSP at the time of this writing.
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Lef by IRBT, many stocks in the “Appliances” industry have been flagged by The PPT algorithm today. If you do not mind trading some thin stocks, here are a few ideas. Again, please use caution with thin stocks and avoid market orders. Note that April and May is also seasonally the best time of year to play the appliances.
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In the past eleven days since I wrote this post, many of the REITs have seen strong moves. At this point in time, most are too extended to chase for swing trades here. Upon a benign consolidation, I would be looking for proper entry points. In the meantime, the following REITs are not extended and are setting up behind the ones that have already run.
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The following advertising related stocks have been acting well of late. In particular, many of them are flashing signs of accumulation (heavy buying by institutions), and price patterns that are usually associated with looming explosive upside moves. I recognize that quite a few of these plays have earnings coming up, so remember to be cognizant of the calendar and have a game plan in place beforehand. With that said, the group as a whole should be watched closely.
See my notes on the following annotated daily charts below.
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