Trader Mike's Notes

  • 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.


    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.


    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 - 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.


    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.


    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.


    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.


    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


    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.


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

  • CARA - Cara Therapeutics, Inc.

    Another pullback that I like but also another stock reporting earnings the first week of August -sigh-

  • SRPT - Sarepta Therapeutics, Inc.

    I was in this in late June, looking for it to bounce back to the June highs. I got bored with it a couple of weeks ago and decided to exercise a stop-out based on time. It's now started a Bollinger Band Squeeze, which could presage a big move -- one way or the other.

  • AAOI - Applied Optoelectronics, Inc.

    Some interesting action here. I found this on the Non-ADX 1,2,3,4 Bullish scan. I like the attempt to hold the 50-day moving average and that it's oversold according to stochastic. But as with so many stocks right now, the wildcard of earnings is right around the corner.

  • CARS - Inc.

    A recent IPO near new highs always gets my attention. Plus it's got one of my favorite signal combos today: a Non-ADX 1,2,3,4 Bullish with a Calm After Storm. It's also forming a base that's cup-with-handle-ish. Earnings are due soon though...