There certainly have been a lot of stocks jumping lately. It makes me a little nervous about how sharp the selloff may be when it finally arrives. I gave REGN an 80. PDLI, MVL, HGSI, CELG, NVDA, GRP, and TKLC were scored 70s. Let me get a few charts up here.
REGN has been in a 50 cent trading range for the past two days, making the setting of a stop below this level a no-brainer determination. Once it breaks out, there's a bit of room to run.
MVL has been consolidating and looks like it may fill in the gap. Ignore the word SHORT on the chart. It's an elusive bug in the software I need to recreate and ferret out one of these days.
GRP fell pretty hard but has spent the last five sessions at the same level. I will look for a decided move up and then enter.
I bought 300 MVL @ 19.79 but am disappointed in my entry technique. I did not wait for a pullback from the day's high (which of course we are experiencing now). It looked like it was going to take off, and I got caught up. Another thing to learn from. Overall, I am up about $50 on the day. Enough for a romantic night out at the Olive Garden (if there's any such thing as that).
so don't feel bad. On that chart of MVL...what efs study are you using within esignal...is it one of the basic studies included in the product? Got lucky with a few breakouts today...namely XING and SINA. Waiting for my short BRCM to hit my 3% target. As long as you can feed yourself with your winnings for the day you are doing just fine! Enjoy that $50! Better than -$50 and no breadsticks
Hello... I don't use esignal... JT47319 was kind enough to add that chart. Mine was the bland one above it. Good job on your breakouts! I hope you are making some big $$$.
After a tumultuous start, I was able to realize $322 and minimize my portfolio exposure (thanks again, AAA) today. As I mentioned above, I bought MVL at the wrong time, but it didn't end up hurting me today as it came back to close where I bought it for a tidy $0 in unrealized gains. I sold my SEPR and AMLN for a combined gain of $349 after commissions. I am not confident about the continued bullishness of the market, and wanted to sell some drugs to limit my exposure. Drug companies, that is. I managed to sell both at pretty much the day's high, so I am satisfied. I sold 300 shares of my 500 of ALKS because I was not comfortable with how the pattern was forming and wanted to limit my risk. There was a lower low today, and the high was never challenged for more than a couple of minutes this morning. I only lost $27. My thought is that you don't have to wait for your stop to hit to get out if you don't feel like the trade is going your way. Finally, after looking up the industry (drill pipes) to make sure I wasn't overloading, I took a position in GRP. -- DG