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us stock market, stock watch
Begin part 2 of 3
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HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format including additional information, e.g. option tickers, after hours pricing
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CONTINUING PLAYS TABLE
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LEGEND FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri =Ascending triangle; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAPL 07/08 Rolling 226.60 +1.10 138.55 149.91 15M 23M 217.38
Current. Gapped up and then slid back modestly into the close, though did manage to hang onto a small gain. Do like the upside of this week, though this is a place where we will start to look for AAPL to test. If it begins to fade early next week, we just see if it sticks with the rising 10 day EMA (218.50).
AAPL 04/15 Test 20 226.60 +1.10 119.69 132.77 15M 25M 217.38
Current.
AET 02/18 BullRev 31.84 -0.85 29.94 34.91 5M 8.2M 30.92
Current. Big bounce Thursday but turned right back down Friday to nearly engulf the move. Just can't put two upside sessions together, but it is still trending over the 10 day EMA (31.33). Will give it a chance to reload and see if it can start up again.
AMED 01/30 ABCD Up 59.30 +1.30 57.05 67.95 603K 1.5M 57.44
Current. Tested for most of the week and then showed that Thursday doji that bounced off the low. We left it with that action, and glad we did because it made a nice bounce higher to end the week. Volume is still a tad light, but will see if AMED can shake off its weakness and continue up to the resistance level at 62ish to show strength.
ANN 02/05 Flag 19.29 -0.16 15.12 17.65 4.1M 3.2M 17.92
Target Hit. Took another part of 27% stock, 86% option gain as ANN raced higher intraday but then retreated into the close. Signaling it may be ready to rest after this week of gains, so will see how it starts things next week. Watching for some kind of bounce with the 10 day EMA (18.41) next week with any downside.
ARO 03/04 PreSplt 28.18 +1.13 25.21 28.45 7.1M 2.6M 26.95
Gapped up with an upgrade Friday. Did backslide modestly into the close and it's time to walk away from this one now after this solid run higher.
ASEI 03/11 Dbl btm 76.05 +0.34 76.11 84.94 51K 200K 73.08
Buy Not Issued. Continued the upside moving into the weekend, but with the lower volume we were not buying. As it has closed over the 50 day EMA (75.50) we can see if it tests to there and bounces, or just continues the upside next week. Either way would present a decent buy, but will have to see what kind of volume we get with the action.
ASH 01/27 Asc Tri 52.24 +0.41 42.69 49.89 789K 1.5M 48.89
Current. Sluggish upside throughout the week and capped that Friday with the low volume gap to a doji. Did show a nice bounce off the intraday low, but this one does look like it could benefit from a fade back to near support with the 10 day EMA (50.54). Will watch to see if it does that early next week.
ATI 02/18 ABCD Up 50.79 +1.19 45.34 51.91 1.7M 3M 47.31
Current. Gapped and then ran higher from there to close past the prior March highs. Volume did edge back with the upside, but this was still a solid way to end this week. After this we can see if it works higher to start off next week.
ATW 03/11 Flag 36.91 +0.20 37.04 40.35 555K 1.2M 35.66
Buy Not Issued. Has tested along laterally for a few sessions and then took a slight bounce Friday. Just a doji Friday and not enough gain for a buy, but still like this action. Need to see more upside now Monday and we can move in.
BEN 03/11 Flag 108.34 +0.37 108.24 115.45 640K 1.6M 105.54
Buy Not Issued. Gapped up but could not hold the entire move as it faded slightly into the close. Still closed positive, but not the strongest break out of the flag pattern. Like this one overall as it could continue directly higher Monday, but is still ok if it decides to pause for a day or two.
BWA 02/24 Asc Bse 37.08 +0.19 38.69 44.88 703K 1.8M 36.31
Current. Gapped up but showed a gravestone doji to close. Still bouncing off of the solid 50 day EMA (36.30) support, but not exactly the move to start the next breakout. Will see if it can continue higher Monday, but likely has to test further now.
CEDC 03/04 Asc Tri 37.10 +0.29 34.05 39.94 914K 1.1M 34.78
Current. Closed higher to end the week, but did finish well off the intraday high. After this solid upside action CEDC is due for testing, so will see if that is how it starts off next week.
CGA 03/04 ABCD Up 15.69 +0.29 15.54 17.98 326K 875K 14.74
Current. Stepped higher off the Thursday doji, but did give up better intraday highs. Still, it did show life at the 10 day EMA (15.35) with a modest bounce there so we can see how it does next week. Looking for this light support to continue holding.
CMG 01/26 Test BO 114.98 +2.02 98.45 110.00 501K 550K 109.89
Current. Steady upside throughout the week and ended that with a strong Friday bounce. Higher volume with this upside and looks ready for more if it can carry through to Monday. Will see what it can do now.
CMI 02/24 Flag 60.37 +0.93 56.82 64.85 2.2M 3M 57.69
Current. Sold for two sessions but gapped right back higher to end the week. Showed a doji, and a nice bounce off the intraday low at the 10 day EMA (59.50). This one is showing resilience with this action, though it could still test early next week if the rest of the market does. Will have to see how things start off, but it is in good shape to handle downside for now.
CNMD 02/04 ABCD Up 23.87 +0.08 22.89 26.45 191K 265K 22.78
Not able to make much headway, but holding its ground with an intraday reach lower that bounced. CNMD is pausing now at the December high at this level, but will see if it can ride the 10 day EMA (23.23) higher through the resistance.
CRR 03/09 Rev HS 65.17 +0.85 65.03 71.94 273K 400K 61.91
Buy Not Issued. Gentle upside Friday, but it was enough to close CRR over the 50 day EMA (64.28). This is good action to see, and now it just needs to carry forward Monday and we can look at a buy.
CTCM 03/06 Flag 17.06 -0.12 16.76 19.94 394K 650K 15.76
Current. Gapped up but faded back to finish in the red. Pretty decent upside throughout the week, but it is softening up now that it is around the late February, early March highs. Still in good enough shape, but with this higher volume move back we do have to watch for testing now. Will see how any downside sticks with the rising 10 day EMA (16.59).
CY 02/27 Flag 12.43 +0.06 11.98 14.22 3.3M 4.5M 11.49
Current. Closed over the February high, but not a clean break past as CY is just showing a short gap up to a doji. Overall, this one is still locked nicely in the uptrend, but a fade lower for a couple sessions is likely. Will see if we get that early next week, and how CY manages to hold up at near support.
DIOD 03/11 Test BO 21.22 +0.01 21.61 24.94 347K 400K 20.57
Buy Not Hit. Tested all week and now showing strength with this doji as it bounced off the intraday low at the 18 day EMA (20.78). This one looks ready to stick to this support level, and now we have to be ready as it can bounce Monday. If it shows enough upside we can go ahead and buy.
DNDN 01/21 ABCD Up 36.75 +0.74 29.54 33.48 3.5M 3M 33.89
Current. Gapped up to a doji, matching that Wednesday opening price (36.73). Held the move into the close, but as it could not move past and has been choppy this week it does look like it could fade now. Have already let it work nicely for us though, so we can afford to give this one room to play. Will see what it does next week.
EAT 02/08 Test BO 19.72 -0.28 16.81 19.91 1.7M 2.8M 18.88
Target Hit. Took another 1/3 of the 18.3% stock, 108% option gain as EAT gapped up and then started to backslide. Not much volume with this move so it is not to nefarious, but is showing that EAT could test more now. Will see if it downside continues early next week, and will look for support with the risig 10 day EMA (19.02).
EJ 03/06 Flag 19.71 -0.81 20.41 23.65 953K 1.2M 18.98
Current. Tested back Thursday with that doji, but a bigger move back Friday. Left it though as it held and bounced lightly at the 10 day EMA (19.54). Can now see if EJ sticks at this level and starts to rebound.
F 02/23 Asc Tri 13.34 +0.43 11.77 14.22 105M 95M 12.44
Current. After testing for several sessions, F bounced solidly higher Friday with heavier volume. Great way to end the week, but 13.53 is the 127% Fibonacci extension so there may be some resistance there near term, and may consider taking part of the gain there. Will see if it starts to slow at that level, or whether it can just break past.
FIRE 02/22 Flag 25.44 +0.05 24.94 28.00 258K 400K 23.89
Current. Slid lower for four sessions and now showing this lateral step with the doji at the 18 day EMA (25.13). A nice looking test over the past week, and FIRE does look ready to heat things back up now. Just have to give it time to see if it does.
FNSR 02/13 DB hdl 13.98 +0.42 11.75 13.97 1M 1.2M 12.77
Target Hit. Took part of the 17.7% stock, 56% option gain as FNSR jumped Friday to end the week of steady upside. Has not made an insane break higher, but has been a consistent mover for us and thus just letting it work. No sign that the action will change so we just wait so see how it starts things next week.
GLW 03/09 Cup 18.04 -0.31 18.52 21.38 11M 18M 17.48
Current. Opened higher but sold back to close at the 18 day EMA (18.05). Volume was below average so we were not too worried, but this is not what we wanted to see after it had been testing so nicely at the 50 day EMA (18.14). Will see how it shapes up Monday and if it can start to bounce with this range of support.
GMCR 02/01 Test BO 92.65 +0.29 86.12 99.88 532K 2M 87.77
Current. Stepped laterally with this doji for the fourth day at this level. Has been up and down modestly all week to make for mostly horizontal action. Nothing wrong with letting it continue as it is, and see if it takes the bounce up from the rising 10 day EMA (89.84).
GOOG 03/09 Flag 579.54 -1.60 569.04 609.45 2.7M 4M 562.68
Current. Gapped up but fell back to finish just barely lower. Volume did fall below average with this move so not something to get worked up over, but not exactly setting the stage for more upside Monday. Going to give it a few days to pause now and see if it can start to bounce after that.
HK 03/09 Rolling 22.19 +0.48 21.65 25.95 6.4M 7M 20.28
Current. Gapped up to the 18 day EMA (21.86) and then continued higher from there into the close. Starting to look really nice in the rolling pattern, but now there is modest resistance at 22.50ish to break through with earlier March high. Looks good, but seeing what it can do.
HOLX 02/04 Test BO 18.64 -0.64 16.51 19.91 15M 5M 18.21
Current. Volume was above average, but much lower as HOLX sold back after the huge Thursday bounce. Had thought it might continue further after that bounce Thursday, but now looks like it will test for a couple of sessions. Will see how far it pulls back and where it can start to stick.
HTCH 03/10 Flag 7.52 -0.12 7.81 9.94 238K 500K 7.04
Buy Not Hit. Opened higher but slid back to close at the 50 day EMA (7.50) support. Still continuing the lateral action at this support level as it has for the entire week, but not the prettiest move Friday. Still, like this action overall so still giving it time to start running up from this support.
HUM 02/05 ABCD Up 47.97 -1.03 47.69 54.55 2.2M 3.5M 45.44
Current. After the healthcare companies showed a god Thursday, they reversed it Friday. Cannot seem to put two good days together but it is still holding the 18 day EMA (47.72) support. Still have to watch with the higher volume downside, but will let it continue to see if it will show any more life.
ILMN 02/10 ABCD Up 40.51 +0.21 36.53 40.97 1.2M 4M 37.96
Current. Momentum slowed Friday at the January peak (40.51) as ILMN showed a lateral doji. If it cannot punch through, take part of the gain and we will see how the rest of the positions ride.
ISRG 01/28 Test BO 358.90 +1.10 335.64 374.75 398K 700K 342.44
Current. Off the intraday highs to finish with the doji at the 10 day EMA (355.67), just continuing the horizontal action of the week. Still looks good holding this light support but just waiting for the break higher still after that gap down from last week.
JAZZ 03/10 Flag 11.35 -0.11 11.81 13.97 330K 575K 10.92
Buy Not Hit. Gapped up but slid back to bounce modestly at the 10 day EMA (11.13). This one is still positioned to bounce off the light support, but has not shown it yet. Giving it more time, though, and will see if it can show any life early next week.
JCP 03/11 Flag 30.56 +0.35 30.55 35.94 3.6M 6.4M 29.38
Buy Not Issued. Gentle fade back for most of the week and then just a small bounce higher to the doji Friday. Like this action, but lower volume so did not buy. Still, can see if it fades and bounces, or jus continues higher with more strength. Then we can look for a buy.
JOYG 02/13 Test 20 57.47 +0.03 49.05 55.00 2.1M 4M 54.28
Current. Up at first but gave up the gain to close with a doji. After this extended run higher JOYG is just a little tired, so seeing if tests any next week towards the 10 day EMA (55.42). Will look for a bounce there with any testing.
KSU 02/25 Cup 35.75 -0.25 35.28 39.94 2M 1.4M 34.51
Current. Opened higher but faded into the close on higher volume. Did hold up over the 10 day EMA (35.40) but this was a higher volume move back so it is worth watching Monday. Working in the uptrend though, so giving it a chance to continue next week.
MDZ 02/25 Cup hdl 8.40 +0.01 8.44 10.35 950K 900K 7.85
Buy Not Issued. Up and down intraday, but could not stick the move and closed with a doji. Higher volume action, but still waiting for MDZ to start back to the upside for a buy. Can move in with more upside from this position that holds.
MFW 03/06 ABCD Up 34.57 +0.26 35.65 42.38 67K 165K 33.69
Buy Not Hit. Soft step higher, but held under the 50 day EMA (34.53) with this doji. Like the setup with this one, but it does have to clear through this resistance before we can look at a buy. That is the job for next week, so will see how MFW does.
MON 03/09 Rolling 72.35 +0.74 72.38 83.88 6.2M 8M 69.88
Buy Not Issued. Gapped up with the POT guidance increase but closed off the high so we did not move in. It did manage to stick near the 10 day EMA (72.34), but we have to wait and see if it fills this gap any or if it can start bouncing up again. If it starts back higher it is still at a good position to buy.
MR 02/02 Test 50 38.09 -0.02 36.94 41.95 470K 1.4M 37.11
Current. Worked laterally for most of the week, but ended things higher with this solid Friday bounce. Like the higher volume with this upside, and as the entire move held into the close, we will see if MR can reach further early next week.
MRVL 03/06 Asc Bse 20.28 -0.23 20.63 24.88 10M 18M 19.19
Buy Not Issued. Stepped lower Friday so we did not buy, but with a modest bounce off the low it did manage to hold the 10 day EMA (20.22). Will give it longer to see how it reacts at this light support, but waiting for the upside that sticks before we buy. Can see if we get that in the next couple of sessions.
NETL 02/05 Test BO 55.37 -0.59 50.68 56.94 395K 750K 54.44
Current. Nice hold Thursday with the doji, but slid back down Friday to move towards the 18 day EMA (54.51) support. Can leave it and see if it holds this support level as volume has dropped back, but this is where it needs to bounce.
NFLX 02/05 Test BO 69.98 -1.21 61.42 69.97 1.3M 2.2M 66.65
Current. Gapped lower to a doji, but did show a decent bounce off the intraday low at the 10 day EMA (69.08). Like this action overall as it takes a quick breather after upside, and can give it a chance to start running again in a couple of sessions.
NKTR 01/29 Test BO 15.39 -0.07 11.88 13.97 835K 1M 14.24
Target Hit. Took more of 28% stock, 92% option gain as NKTR stepped laterally Friday. Did bounce off the intraday low to close with a doji, but it is slowing down now after better upside earlier in the month. Will let the rest of our position ride, and see how it reacts with the 10 day EMA (14.65) that is quickly rising.
NLST 02/18 ABCD Up 4.42 -0.12 4.18 6.45 620K 3.5M 3.98
Current. Back down again to end the week at the 10 day EMA (4.32). Not the best week as NLST bounced early and then could not add to the move, but it is testing ok for now. Can see if it holds this level, or if it continues back to the 50 day EMA (4.14) before bouncing back up.
PCLN 02/24 Flag 238.91 -3.30 226.14 247.22 718K 1.2M 231.91
Current. Tried to bounce all week but was not able to make any headway. Turned out to be more of a lateral move over the 10 day EMA (236.81) throughout the week, though it did slid back down Friday. Holding the light support, but is looking tired under the prior March high (241.34). Will have to see if it can break past there next week.
PCLN 02/11 Dbl btm 238.91 -3.30 210.99 229.91 718K 13M 231.91
Current.
PDCO 03/08 Flag 30.38 -0.11 30.84 35.94 727K 1.3M 29.96
Buy Not Hit. Down to the 18 day EMA (30.15) intraday and then bounced back to finish with a doji. Not bad action to finish the week after the early testing and then the Thursday bounce. Still looks ready to run from this level, just has to show it Monday.
PDCO 02/13 Test 50 30.38 -0.11 29.57 33.89 727K 1.3M 29.81
Current.
PDS 03/02 ABCD Up 8.38 +0.01 8.38 9.98 818K 2M 7.94
Current. Gapped up but slid back to close at the 10 day EMA (8.34) support. Nothing wrong with this low volume action as PDS continues to test at this level, and seeing if it can start to bounce Monday.
PLXS 02/02 Test BO 37.22 -0.23 32.22 39.94 310K 425K 35.77
Current. Stepped laterally for a couple sessions and then faded back slightly Friday. Not much going on with this one, just the typical story: slow end to the week and waiting to see how it reacts with the rising 10 day EMA (36.55) support. Still has upside left in it, but have to see how the market test affects this one, if the market tests.
PNRA 01/26 Test BO 79.15 -0.12 71.97 79.50 255K 650K 75.44
Current. Strong Thursday bounce and then paused Friday with this doji. This one is shaping up nicely as it paused with low volume after heavier volume gains, and is set to run next week if it tries to. Leaving it be.
RIMM 02/17 Flag 75.34 -0.60 70.98 88.91 10M 22M 72.44
Current. After a nice week higher, RIMM faded back heading into the weekend. Not bad action at all though as it was lower volume downside, and was a very controlled move. Just letting it make a test to the 10 day EMA (73.11) and seeing if it can bounce.
RIMM 01/13 Pennant 75.34 -0.60 66.11 79.94 10M 22M 72.44
Current.
RMBS 03/10 Flag 22.36 -0.25 23.04 26.48 926K 4.2M 21.43
Buy Not Hit. Tested back and then bounced Wednesday, but has started to test again with the Thursday/Friday downside. Not a bad move, but will see if it can hold over the 50 day EMA (22.11) and bounce next week for a buy.
RMD 02/10 Test BO 60.69 +0.05 55.08 61.89 270K 6.2M 57.94
Current. Down intraday and then bounced with low volume to close with a doji. Still working nicely along the uptrend, but this one does look to be running on fumes heading into the weekend. Will see if it tests, and may be looking at a little deeper fade to the 18 day EMA (58.43) this time. If it bounces above that level no complaints though.
SAPE 02/27 Flag 9.37 -0.10 9.12 10.95 922K 1.5M 9.22
Had looked like it could bounce off that Thursday doji at the 10 day EMA (9.37), but SAPE continued down for the fourth day of testing. Really still looks very nice, and could get a new buy out of this one. Will see if it sticks to this level, or if it reaches down to the 18 day EMA (9.15) before bouncing.
SHLD 02/19 Flag 103.35 +1.73 95.61 104.89 821K 2.4M 98.82
Target Hit. Took part of the 9% stock, 61% option gain as SHLD bounced Friday. Not a huge move up, but it did finish off the intraday high and is slowing with the Wednesday closing price (103.28). Will have to see if it pauses to start next week, or if it can go ahead and work to the upside.
SHLD 02/04 Test 50 103.35 +1.73 91.31 104.89 821K 2.4M 98.82
Current.
SINA 02/16 Dbl btm 41.21 +0.08 38.06 43.85 1M 1.4M 39.43
Current. Up intraday but then faded back to close with a doji. Finished flat on the day for the third day of testing, but this was not the best move. Still a good pattern overall, though, so will see if it can start to break higher again after a few more days of testing.
SJT 02/09 ABCD Up 22.28 +0.11 21.33 24.94 172K 350K 21.08
Target Hit. Gapped up but then slid back to see the 22ish resistance still coming into play. Taking it off the table as it is just not working for us as we want.
SOA 01/28 Rev HS 15.05 -0.09 14.16 17.94 999K 1.8M 14.18
Current. Finished lower on the day, but did hold the 10 day EMA (14.89) with a bounce up from the intraday low. This one is working nicely in the uptrend and is ready to bounce after a couple days of testing. Will see if it can start next week off higher.
SSYS 02/27 Flag 28.51 +0.07 27.59 31.94 208K 300K 26.18
Current. Stepped laterally Friday with this doji on average trade. Gentle upside throughout the week, but is slowing under the February peak (29.05). Will see if upside early next week can break through, or if SSYS continues to hold at this level.
SWN 03/09 Rolling 44.36 -0.02 44.55 51.68 3.2M 5.2M 41.68
Current. Up intraday and the slid back to finish with a doji. Still like this rolling play that is not deep into the move, but it is looking sluggish at the 50 day EMA (44.41). Have to see if it can stick upside next week to break through.
SYK 03/04 Cup hdl 55.23 -0.50 54.97 62.22 2.1M 2.4M 53.78
Current. Down intraday but bounced back to close over the 10 day EMA (54.75). Did close negative to end the week, but is holding up easily over light support. Can just see how this continues, and if SYK can jump any next week.
TEN 02/22 Cup hdl 21.77 +0.09 20.20 23.98 468K 1.8M 19.92
Current. Tested back all week and now starting to turn higher off that Thursday doji. Did show another doji Friday, but TEN is bouncing nicely at the 10 day EMA (21.48). This one is primed to run, but just has to show it.
TEVA 01/29 Test 50 61.30 -0.35 57.59 64.32 3.7M 6M 59.97
Current. Opened higher but slid back to finish negative on the day. Volume held below average so this is not something to get worked up over, but TEVA does not look ready to break away from the 10 day EMA (60.90) yet. Will see if it can pause longer next week and then start to bounce.
TEX 02/11 Rolling 22.96 +0.34 19.34 23.77 1.4M 2.8M 21.87
Current. Tested to start the week before bouncing Thursday, and then just continued that Friday. Volume did edge back to below average with this bounce so we have to see if this move sticks, but it is a great setup. Watching what it can do now.
TJX 03/08 Flag 42.13 +0.36 41.82 46.95 4.6M 5.5M 40.72
Current. Did bounce higher Friday, but also showed a close off the intraday high. This one has shown steady upside throughout the week, but it is slowing now that it has cleared the February high (41.74). Will see if it shows more life next week, but for now it is ok as it trends along.
UPL 03/08 Rolling 48.58 +0.31 47.12 53.94 1.3M 2M 45.96
Current. Gapped up, tested to the 50 day EMA (47.98), and then bounced back to close with a doji. Not a huge move higher, but working up consistently in the pattern. Just letting this one continue.
VLTR 02/27 Flag 23.18 -0.10 22.11 26.42 249K 400K 22.62
Tapped down at the 18 day EMA (22.85) intraday and then bounced back into the close. Slightly negative on the sessions, but really still is testing as it should. Can see if it takes the bounce off this support as this is where it bounced earlier in the month.
WBSN 01/21 DB hdl 24.29 +0.67 19.36 23.44 798K 450K 22.83
Current. This one has made a nonstop move higher, but did pause for a few sessions this week. It had looked ready to make a real test back, but it went right ahead and bounced on volume Friday. Not going to complain, and just letting this one ride higher till it bucks us.
WCRX 03/02 Cup 26.27 -0.34 27.61 31.94 1M 1.8M 25.68
Buy Not Issued. Fell again to close below key support from the 50 day EMA (26.58). Have to drop it.
WDC 03/06 Rolling 38.38 -0.48 39.78 45.95 6.7M 6M 37.93
Buy Not Issued. Turned lower to end the week, but is still bouncing up off the intraday low. Still think that big reversal Thursday could spark a better move, but have yet to see it. Giving it a chance to show the upside next week though for a buy.
XTEX 01/29 Pennant 11.35 +0.39 10.01 11.95 666K 525K 10.31
Current. Stepped laterally for several sessions and then bounced higher Friday. Much better volume with this upside though it is still closing back from better intraday levels. After this we can see if it continues higher next week.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ATHN 03/08 BearFla 38.13 -0.07 38.82 35.31 582K 1M 39.77
Buy Not Issued. Not seeing the drop we want for a buy, but it is showing weakness still as it gapped to the 10 day EMA (38.67) and turned back down. No need to rush this one, and will see if it can start to break down now if the market tests any next week.
BTU 03/09 ABCD Dw 48.69 +0.15 47.44 42.67 4.8M 6.2M 49.65
Buy Not Hit. Stepped laterally with another doji after a bounce up from the intraday low. Not looking great to make a fall, but if it can hold under the March high (49.23) it is still a possibility. Will see if it can show any weakness next week, but still has work to do before we can buy.
BUCY 02/22 BearRev 64.83 -0.12 61.15 56.25 2.1M 4M 62.11
Current. Gapped up and then gave it all up to finish back at the 10 day EMA (64.54). Held the light support, but still looks toppy with this action so we are leaving it on. Will see if it can break down any next week.
CAT 03/03 ABCD Dw 60.36 +1.46 57.74 54.36 9.7M 12M 59.77
Buy Not Issued. This one gapped up and ran higher on volume. Not what we need to see for the downside play so dropping it.
DE 03/10 BearRev 58.64 +0.91 57.62 53.31 4.6M 5M 59.92
Buy Not Issued. After two days of selling, DE hopped back up Friday to end the week. Not buying with this upside, but can see if it tests to the March high (59.54) now and folds. That would set up nicely for the downside place.
DUG 03/10 BearRev 12.03 -0.01 12.08 13.94 2.1M 3.4M 11.76
Buy Not Issued. Gapped down but battled back to finish flat on the day. Not enough for a buy, but still looks good as oil looks toppy. Will see how that plays out next week, but do have to watch if the dollar continues to weaken next week as that could present a problem for this play.
KOL 03/08 ABCD Dw 38.09 -0.01 37.57 34.04 483K 800K 38.61
Buy Not Issued. Not a buy with this side step, but looking toppy still with this gravestone doji. Letting it continue to work laterally at the top of the March range and will see if it moves to the downside next week. If it can do that with any market testing we can look for a buy.
MON 02/04 BearFla 72.35 +0.74 75.56 70.15 6.2M 6M 72.11
Trailing Stop. Gapped on the POT guidance increase. As it slid back then held after the gap we took the rest off the table.
STLD 03/03 ABCD Dw 17.93 +0.16 17.65 15.11 5.1M 8.5M 18.31
Current. Gapped up, but closed off the much better intraday highs. This is showing weakness as it holds under the earlier March high, and STLD looks like it could roll back from this move. Just giving it a chance to.
VSEA 03/04 ABCD Dw 29.80 -0.54 30.40 27.84 1M 825K 31.18
Current. Sold with the above average volume and like this action as it closed below the 200 day SMA (30.40). Held the entire move down and now we see if it can just keep up the good work Monday.
X 03/09 ABCD Dw 61.40 +0.98 59.53 52.55 14M 22M 61.84
Buy Not Issued. Not buying on this gap higher, but it is stalling at the prior March high (58.90). Now we wait to see if X fills the gap or if it holds. If it can fill the gap, then we see if it continues down to start giving up the light 10 day EMA (58.53) support.
End part 2 of 3
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