Strong day in the market today, pulling back a little near the close. But the Bull Market trend I have been calling since February is well intact and looking to go much higher. It is the start of earnings season and the first out of the gate was ALCOA with decent results. JNUG and NUGT remain very strong continuing the bull market I called in February of this year. JNUG now at $306, up from $25 low in February where I called the bottom.
BEAT: Very strong long term chart. It has been in a rising channel since late January. It closed today right near its short term resistance. A move above $17.68 and I will look to go long this stock with a price target of $20.25. Shorts, 3 days to cover.
CETX: I traded CETX for small profit today, a stock I have been watching for awhile. It traded as high as $4.29 closing off slightly at $4.22. A move over $4.29 and I will look to go long. I am still looking at a price target of $5.00.
GPRO: A float a lot larger than I would normally trade but it had a very nice move today breaking above resistance with moving averages crossing and moving up. It closed today at $12.43 just below the day's high. I will look to go long if this stock trades above $12.50. Near term target, $13.75. Longer term, $16.00. Shorts over 5 days to cover.
MEET: Continues to be very strong, grinding slowly up. Stock popped nicely today to $6.28 closing off slightly at $6.23. My price target is $7.75.
MOMO: Another large float stock that I wouldn't normally trade but it popped through resistance today trading as high as $13.50, closing at $12.55. I would look to go long over the $13.50 level with a price target of $16.00. Shorts 4.5 days to cover.
REN: Big gap up off the base it had been building closing at its high of the day at $6.07. I would expect follow through tomorrow on this momentum with a price target of $8.75. Shorts, 6 days to cover.
Hi BOB, what do you think of $NANO (getting close to all time b/o @21,56), FIVN (if it manages to break 13) and $MXL(if it manages to break 21)? I know they are all high priced stocks.. but i know you love to buy break outs.
NANO and MXL above my price range. $15 generally is my cut off. FIVN above $12.20 looks good with a move to the $13 level.
Bob do you use stocks to trade?
Yes. It is a great program
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