Some weakness in the market this morning – not a real concern at this point. We’ll have to see if the dip-buyers rush in to push back the prices into positive territory. If that happens, you have a handful of stocks below that you can play once they breakout. Here are 9 Breakout Plays. Â
Below are seven trade setups that I like going into today, and that I am paying close attention to, for a possible trade entry. Each of the trades below are momentum trades/breakout plays. Here are the 7 Long Setups I am watching. Â
I’ve been following Alkermes (ALKS) for almost a month now waiting for it to breakout. Today we finally got that, but the key for this stock is that it manages to close above the 200-day moving average, which has been a beast for it to break above, at $12.68. Also adding to the ALKS intrigue
I went long on CLMT this afternoon at $22.25 with a stop-loss at $21.27. So far so good – it has been an ideal breakout, already up over 1% on strong volume. Somewhere around $24 would be an ideal place for taking profits. But you know me, I tend to take my profits
Its looking a little bearish out there to start the week. I wouldn’t say though that the bears have shown me enough conviction to rule out an afternoon rally. Nonetheless, I need to be a good Boy Scout and always be prepared. With that said, I have 9 short setups to take a look at.Â
Here’s today’s  breakout plays that I am watching today. Of most interest to me is the setup in RF Micro Devices (RFMD). If it hits, it should see a nice strong move upwards. If not….well…that’s what stop-losses are for. There are about 11 others included in the charts below, so be sure to check
My one and only trade this morning. Good chance that this is it for my buying today. I am a little bit concerned that the market just can’t see any kind of follow through after Monday’s rally – not to mention gold is down and the dollar is up. Just a lot of things causing
I hate to bombard you all with an obscene amount of charts – but I have no choice but to do so. I plan on sitting out the first 30 minutes at least of trading, as I have plenty of positions to work with, and don’t want to add more if this market doesn’t have the
Finally jumped in on a trade today – Dean Foods (DF) is a stock that I have been watching for well over a week now. I has shown a lot of support at its current price level, and seems to have some pressure mounting for an upside breakout. And when it does, there is a
…Yet I am long at $135.44 after it tested the 50-day moving average and the current trend-line. The risk is minimal at this point – a break below $132.80 and you’ll want to bail out. But I think, especially with the panic we are seeing in it right  now, that it has probably seen the