In the Monday night video with trade ideas for today, it was suggested that ATI was a good long swingtrade candidate on strength above Monday’s high of 1922 REVIEW THE VIDEO HERE On Tuesday morning, the stock opened weak and continued to go through the suggested stop level, thus ruining the initial risk reward. 15 … Read More
In late October, shares of Akami Technologies ($AKAM) gapped higher and over the next month it digested those gains in what appeared to be a constructive way. We had it on our radar as a watch list idea on 11/29 (green highlighted day on 30 min chart on the right.) We DID NOT purchase the … Read More
I wanted to continue with a recent theme of taking profits. In THIS POST LAST WEEK we dissected our decision to exit MXL, the chart below was shown in that post. Scroll down a little to the same stock today. NOT GETTING out would have been expensive! MXL updated November 30 Or how about THIS … Read More
Two guiding principles of Alphatrends are to ask these questions before we enter any new trade – Where has the stock come from? – Where does the stock have the potential to go? Everyday these questions (along with other helpful reminders) are on our swing sheet with the trading ideas. They are there to make … Read More
On Friday we purchased shares of Ctrip.com (CTRP) at a price of 4753 (point A) as the stock broke past a short term level of resistance above the rising 5 DMA. We took partial profits as the stock climbed above 4800. On Tuesday, as the stock broke above the September high of 4943, it was … Read More
