Trader Mike's Notes

These notes are here primarily to show my process and how I use the scans to find setups. This is NOT an attempt to be a stock picking service! I want people to use the site's extensive functionality to find their own setups which match their trading plans, strategies & risk tolerances.
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