Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method
US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts - Printable Version

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RE: Watchlist - Investor method - anupam384 - 2013-08-07

(2013-07-23, 08:15 PM)isatrader Wrote:
Quote:isatrader - You were right. I dont think I can code a filter that would look for breakdowns using P&F chart. Do you use the paid service of Stockcharts to get your breakdowns? And can I look for breakouts in different sectors as opposed to S&P using your method.

I use the extra service, which about $20 a month I think, which give you access to the custom scanner, and more things on charts like the 52 week moving average on the relative performance line - which is the zero line for the method.

You can look for breakouts in any of the individual sectors in the US that they have on the site, as they are listed in the scanner. See attached screenshot of the scanner and drop down in the sector list.

Thanks for your help isatrader. I plan to switch to Stockcharts in the future. This will be helpful for sure.

Here's my watchlist

RMTI
CLSN
MCP

RE: Watchlist - Investor method - isatrader - 2013-08-07

(2013-08-07, 02:44 AM)anupam384 Wrote: Here's my watchlist
RMTI
CLSN
MCP

I like the look of Molycorp (MCP) which is in Stage 1 and has a technical attributes score of 6 out of 9, that has been improving from a zero back in early May. I've attached the weekly chart and also the short interest data from shortsqueeze.com which shows it has a heavy Short Percent of Float at 36.38 % and a high Short Interest Ratio of 7.6, so has some potential for a short squeeze on a Stage 2A breakout above the recent swing highs imo, but also the Stage 1 base is still quite early in it's development and the 30 week MA is still declining after a long two year Stage 4 decline.

Earnings are released tomorrow (8th), but I've taken a gamble and entered a small long position ahead of them in my long term SIPP account, which I wouldn't normally do or recommend, but it's a sector I've been interested in getting exposure to in my pension account, and so I plan to build the position with more entries over the coming months if it stays in Stage 1 or breaks out into Stage 2. But will exit if it makes another Stage 4 continuation move lower again.

[Update]: 8-8-13, MCP earnings missed tonight, so it will probably be going down tomorrow.

RE: Watchlist - Traders method - goodtyneguy - 2013-08-07

Some LSE listed stocks for your consideration IPF, INCH, SHP, & AIP. AIP has a dividend yield of 4.77%!

US listed, SVA and SNTS. Plenty of money has flowed into the latter, it has found support at the 50 dma most of the ride up.

Good luck.

RE: Watchlist - Investor method - goodtyneguy - 2013-08-07

I like the look of this chart very much i.e. HAWK.L From the occaisional high volume days in the base it looks like there has been a lot of accumulation taking place.

The weekly chart would have looked better using a log scale but when I tried it in PRT it did not want to co-operate for some reason unknown to me. Hopefully you will have better luck.

       


RE: Watchlist - Investor method - anupam384 - 2013-08-09

(2013-08-07, 09:30 AM)isatrader Wrote:
(2013-08-07, 02:44 AM)anupam384 Wrote: Here's my watchlist
RMTI
CLSN
MCP

I like the look of Molycorp (MCP) which is in Stage 1 and has a technical attributes score of 6 out of 9, that has been improving from a zero back in early May. I've attached the weekly chart and also the short interest data from shortsqueeze.com which shows it has a heavy Short Percent of Float at 36.38 % and a high Short Interest Ratio of 7.6, so has some potential for a short squeeze on a Stage 2A breakout above the recent swing highs imo, but also the Stage 1 base is still quite early in it's development and the 30 week MA is still declining after a long two year Stage 4 decline.

Earnings are released tomorrow (8th), but I've taken a gamble and entered a small long position ahead of them in my long term SIPP account, which I wouldn't normally do or recommend, but it's a sector I've been interested in getting exposure to in my pension account, and so I plan to build the position with more entries over the coming months if it stays in Stage 1 or breaks out into Stage 2. But will exit if it makes another Stage 4 continuation move lower again.

[Update]: 8-8-13, MCP earnings missed tonight, so it will probably be going down tomorrow.

Damn!! MCP missed. I thought this would pan out. Sorry I dragged you too in this. Sad Lost some money made in TSRX.

Did you like RMTI? If not, could you explain why. I know, it did not form a base for long.

What do you think about MAKO. After stage 4 decline, it formed a base and broke out in the week of July 28 on high volume

RE: Watchlist - Investor method - isatrader - 2013-08-09

(2013-08-09, 11:37 AM)anupam384 Wrote: Damn!! MCP missed. I thought this would pan out. Sorry I dragged you too in this.

Is not your fault, you highlighted a stock in Stage 1, and I made a decision to begin my accumulation right before earnings. So it was a gamble on the short term price action, as it would have likely broken out into Stage 2A if the earnings had instead beat expectations, but my intention is the same in that I'm interested in holding it for the long term as it's in my pension account and accumulating more shares in the coming months as long as it doesn't break below the Stage 1 range, in which case I would exit. But we'll see what happens after today's initial carnage in the price action.

   

(2013-08-09, 11:37 AM)anupam384 Wrote: Did you like RMTI? If not, could you explain why. I know, it did not form a base for long.

It had a very big volume move from it's lows (possible short squeeze) and has formed a new swing high near 6, so that would be the Stage 2A breakout point to watch imo. But currently the 30 week MA is strongly declining and relative performance is still well below the zero line, as well as being under a fair amount of resistance from the 2012 price action. So I only rate it as Stage 1A personally.

   

(2013-08-09, 11:37 AM)anupam384 Wrote: What do you think about MAKO. After stage 4 decline, it formed a base and broke out in the week of July 28 on high volume

MAKO is in Stage 2A, the 30 week MA has turn up, relative performance has broken above the zero line, and volume was around double the average on the breakout week, and there's not any significant near term resistance, so it looks like a promising candidate for a Stage 2 advance imo.

   

RE: Watchlist - Traders method - gbarbs - 2013-08-09

goodtyne - i own some cbst and renn. i liked your others as well just have to wait for closer stops.

attached are a few i have my eye on. SNMX, SBGI, DANG and GST. also NBS who reported earnings yesterday but i have not yet seen if they surprised, disappointed, etc. but if good looks like it could break above resistance today.

   
   
   
   
   

RE: Watchlist - Investor method - gbarbs - 2013-08-09

On earnings plays - I had a learning experience this week on USU. It broke out, and then pulled back just before earnings announcement. I took the huge volume and breakout to signal an earnings beat, and the pullback an opportunity to get in. So I purchased some to take part. The earnings disappointed and the price dropped. I got out and cut my losses. Then it shook of the report and resumed it's rise. It never broke down through support or the 30 WMA but I sold because of the report. Lesson being to just stick with the charts and rules and shut off the news reports. Bought at 18.67, sold at 15.65, now at 20.78 and looks like the breakout is in tact.