Watchlist

Wk4: Watchlist Update 2

Here are a few more stocks to wrap up the week…MYGN (long) Ascending Triangle Entry: Anticipatory trade at $72.60 or a breakout trade at $74.01 Stop: Under swing low Target: $75 Option Play: FEB 75 Calls Comments: MYGN has performed strong in this market climate and is about to breakout to a new 52-Wk high.SIVB (short)Pull Back to ResistanceEntry: $21.24 Stop: Over swing high Target: $20Option Play: FEB 22.50 CallsComments: SIVB has been in a downtrend and continues to push…

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Wk4: Watchlist Update

All our picks for the week are doing quite well. BMRN has pulled back nicely and is setting up for an entry. GILD broke out today and closed above its 200 day moving average. SINA and RL gapped lower Tuesday, but continued to breakdown to are target before rallying and AXP broken down from it’s descending triangle which will now act as resistance. Here is another stock to add to the long pile. ASEI (long)Ascending TriangleEntry: $80.00Stop: Under Wednesday’s lowTarget:…

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Wk4: Stocks to Watch

A sideways market creates an environment less likely to produce breakouts or breakdowns in individual stocks so keep that in mind for the coming week. Keep these tickers on your radar, wait for price pattern confirmation and keep an eye on the volume for each. BMRN (long)Ascending TriangleEntry: Waiting for pullback, buy above the high of the low dayStop: Place stop under the pullbacks lowTarget: $23Option Play: FEB 20 callsComments: BMRN recently broke out of resistance on pretty good volume,…

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