New Featured Swing Long: AMK
AMK is coiling and starting to make a move out of this flag pattern, on strong volume. This stock had a strong runup from the middle of December to early January on very strong volume and strong BOP. It has since started a basing pattern that has seen the volume come in but still stay above average. That would normally be a bit concerning in a base but the price action looks to still be strong accumulation with all the strong closes the last four days. It is shaping a flag pattern and this move on strong volume appears to be the beginning of a move higher. BOP has been max green the entire month of January and is full of green since early September, making this a very pretty chart. Fundamentals are very strong. EPS has been growing in-between 44%-538% the past four quarters and sales have been between 17%-23% during the same period. Cut your loss w/ a close below 17.37, if the stock does not breakout from this flag pattern to new 52-week highs.
Adding To Positions: BUF PMID
BUF is breaking out of a very sound flat base and above the January highs, on very strong volume. This stock has been loaded with accumulation from the November breakout to the December top. As the stock started the flat base, BOP remained max green and volume started drying up. The base was created on very quiet volume with BOP remaining green almost all the way. The breakout above the Jan. highs today now sees a big surge in volume and BOP come with it. This chart building action makes this a very pretty chart. Fundamentals are mixed. EPS is still red but it is getting closer to the black. Estimates for this year is .22 which is an increase from negative earnings-so that is good. Sales have been 437% 28% 1% and 272% the past four quarters. A bit choppy but the growth can be seen. Still, however, this is a speculative stock so it should not be a large portion of your portfolio. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through from this breakout.
PMID is breaking out of what appears to be a month a two month cup pattern or a very wild cup with handle pattern, on very strong volume. It is, for sure, breaking out of a year long base on base formation, on strong volume. Since the move in October began, which finished the first base, clear accumulation has been all over this stock. The uptrend to November was full of massive accumulation and max green BOP, the pullback saw plenty of clear days of support on high volume along with low volume pullbacks, and the breakout on Friday was on strong volume with BOP going very close to max green. This is a pretty chart. EPS has been growing at 100% and 800% clips the last two quarters but sales has dropped to 6% then 4% during that time. This stock is too thin, too volatile, and doesn’t have strong enough fundamentals for newbies to take. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on this breakout.
