I have been doing a few swing trades and have a few positions on at the moment including ATPG (which attempted to break out but pulled back on friday, even theough the market popped to almost break even which is a positive) I expect ATPG to continue its move and sold off a bit on profit taking from the previous day's move up and no one wanted to hold over the weekend. I expect ATPG to hold above the 50SMA and continue higher... IMO.
Also holding some SHLD calls which have stalled out on me and expected it to move higher already. Sold a few for a profit but holding 2/3d's pos which I expect to sell before earning date (At least most).
Below are a few stocks I've checked out which I think might have potential in the coming week for a move higher.
DCTH - In a short term uptrend and currently above all SMAs. Lurking around a key resistance level which it has currently failed to get over. Current wedge formation is starting to tighten and I think it has a good chance to break to the 11 area, 12.50 second target.
VHC - Long term fav of mine which I recommended at 7.50 and unfortunately ended up selling in the 12's, but hey, profit is profit. I am liking the pattern here for a continued break out as it has been holding up very well and creating a new wedge formating as well.
TSTC - Longer term wedge formed here and right under the 200SMA but above the 50 and 100. I pop over this descending trend line forming the wedge and 200ma should take this one higher. Could be looking for a 14.80 to at 15.50 target. Keep an eye on it.
ALTH - a bottom picking / bounce off support play with a flat-lining 50ma and potential to break this downtrend due to good price movement on high volume friday. 1st target would be about 4.80 which is a good prior support/resistance area. Both Stochs and MACD turning up on this past move. Could continue its recent momentum.
I Hope to be back in action by the end of November so just trying to start to get warmed up again. Trade em well and thanks for reading!
BT
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