"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

February 23, 2014

Swinging for the fence 2/23/14

Here's some stock swing trade ideas for the coming days and weeks.  Regardless of the overall market, we have plenty of awesome stock action to play!

POWR - broke an 8 year range, look for continuation setups


MGIC - cup with handle setup at the 2011 highs.


STAA - trying to find it's footing after a monster long term breakout.


FENG - trading in this consolidation for 4 months now.  Can it break out?  The risk is down to 10.  I'm conservative and will wait for this to break past 12 and the Jan high.


ENT - recently broke above a head and shoulders top setup.  A momentum play at this point.  Volume last week was impressive.


RPTP - this is backing and filling after a 10+% gap up last week.  If it can hold the gap at 15 we can look for a re-test of that 17.70 and possibly higher.  The larger technical pattern is bullish.


ATTU - trading near the highs.  You could get long it here vs 11.  There is a fib confluence around the 13 area which is the next immediate target.  15 is another level to keep an eye on.


Good Trading!

Reminder:

All ideas shown on this blog represent the authors opinion based on the data available.