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