Trader Mike's Notes

  • ALDX - Aldeyra Therapeutics, Inc.

    I like the "Calm After Storm" plus "!,2,3 Pullback" combo on this stock. They have a secondary stock offering coming though so we've got to see how the market handles those additional shares.

  • CATM - Cardtronics, Inc.

    It's been a wild ride in this since it reported earnings in August. The big drop late last week had me concerned that the stock had broken. But there's potential for it to find support in this area -- it's near its 50 day moving average and the mid-August support zone around $30.

  • NKTR - Nektar Therapeutics

    I have mixed feeling about this chart. In the shorter term, I like the pullback to the 50 DMA and its oversold stochastic reading. However, I don't like the overhead resistance the longer term chart reveals. It's under its 200-day moving average (around 72 at the moment) and it's got that huge gap down in early June. So there are trapped longs looking to sell when they reach break-even again. If I were to trade this, I'd take a shot here with a tight stop and the 200 DMA as my initial target.

  • FNKO - Funko, Inc.

    It's been quite the ride in FNKO of late. This September slide has brought it all the way back under its 50-day moving average (by a hair). There's also a bit of support around $20 from mid-August. It's stochastic reading hit oversold today, so it's primed for a bounce here. It'll be interesting to see if this can catch a bid and get back above its 50 DMA.

  • TNDM - Tandem Diabetes Care, Inc.

    This is why I love the stock market -- undiscovered (only to me apparently) gems. I don't think I'd ever heard of this stock (I need to run the Percentage Change over 30 & 90 days scan more frequently). I just checked SwingTradeBot's "Most Tracked" stocks page for the first time in a long while and saw this on the list. This stock is up around 1,800% YTD. It's now got one more person tracking it.

  • MDB - MongoDB, Inc.

    MDB

    I have to admit that my personal bias against their technology has (foolishly!) kept me on the sidelines (at least I wasn't short). The tech and investing world clearly is of a different opinion as evidenced by its great rally since IPOing last year.. Time for me to just act based on the chart and put my bias aside.

  • BJ - BJ's Wholesale Club Holdings, Inc.

    BJ

    I like the pullback in this recent IPO & I'll likely buy some if it can take out Friday's high of $29.20. (My stop loss will be about 1 ATR below my entry.)

  • TTEK - Tetra Tech, Inc.

    Another one from the "Top 50 Bull" list/scan which looks like it's ready to break out of a sideways consolidation (and Bollinger Band Squeeze).

  • GDOT - Green Dot Corporation

    A fresh breakout for this stock, which has been a monster the last 2 years. Somehow I've never traded this before but it's gong on a watchlist now. It seems to behave (trend) pretty well, so I'm watching for a setup I like.

  • NGVT - Ingevity Corporation

    I saw this on the Top 50 Bullish list last night (Thursday). While I'm not usually a breakout trader (I prefer pullbacks in trending stocks) I do like the setup presented here. This has been building a base by bouncing around between 97 and 101 for several weeks now. It closed above that range yesterday and has set up a well-defined trade with a clear stop-loss point at or near 97. It's also doing one of the things I really like to see -- pushing above the upper Bollinger Band while being in a Bollinger Band Squeeze.

  • ALRM - Alarm.com Holdings, Inc.

    The strong post-earnings run is looking tired now. I'm looking for the 2017 highs (around $50) to become support

  • HIIQ - Health Insurance Innovations, Inc.

    This has had an impressive run into new all-time high territory. I want to see if it can find support at the psychological $50 level.

  • TOL - Toll Brothers Inc.

    TOL

    I like the post earnings action here. Friday gave us one of those "Calm After Storm" and "Non-ADX 1,2,3,4 Bullish" combos that I like so much.

  • NVTA - Invitae Corporation

    This is another one that recently popped up on my radar. I really like this company's story and recent earnings. It's way too extended for my liking right here but I'll be looking for a spot to jump in.

  • EXAS - Exact Sciences Corporation

    An old favorite of mine that came back to life this week after a deal with Pfizer. I thought about buying it Wednesday at the open but decided I didn't want to chase it. Bad move in hindsight but I'm still looking for a spot to get long. Barring a pullback I want to see it close above $72(ish) and turn that level from resistance to support.

  • WMT - Wal-Mart Stores, Inc.

    WMT

    One of my favorite combinations -- a "Calm After Storm" and "Non-ADX 1,2,3,4 Bullish". This looks primed for a retest of $100.

  • VNE - Veoneer, Inc.

    VNE

    A pretty good looking "Non-ADX 1,2,3,4 Bullish" on this. It'll trigger an entry if it can get back above today's high and its 20-day moving average

  • EAF - GrafTech International Ltd.

    EAF

    Some interesting action in the stock. I'm always looking for recent IPOs moving into new high territory, which this did recently. It was a dud of an IPO but has come on strong of late. I found this on the "Top 50 Bullish" list this morning and after looking at the news, I see this latest pullback was due to the company doing a secondary *and* a buyback. It's a little odd to see stuff like that so soon after an IPO. Nonetheless, this is now officially on my radar.

  • QQQ - PowerShares QQQ Trust, Series 1

    QQQ

    For all the weakness in tech the last few days, QQQ is only back to its 50-day moving average. It actually bounced off of that important line today. It's also not (yet?) in oversold territory based on stochastic (14, 3, 3). The broader S&P 500 (SPY) is barely out of overbought territory and is still a good deal above its 50-day moving average. So, as terribly as some tech stocks have been performing, I don't yet see a reason to rush in and be a buyer -- unless there are specific names you've been watching and they've hit your pre-defined levels.

  • MDB - MongoDB, Inc.

    MDB

    This looks to me like it's itching to break out. I'm watching for a close above 60...