new speculative swing longs: DIO TLCV RUBO
DIO is breaking out above the March resistance and bouncing off support near the 50 dma, on very strong volume. This stock is very speculative and the fundamentals are horrible so newbie emotional traders should stay away from this one. Cut your loss with a close below the 1.20 level or the 50 dma, if the stock does not move higher immediately.
TLCV is breaking out above the 50 dma and close to breaking out of a cup pattern, on extremely HUGE volume. This stock is very speculative and the fundamentals are horrible so newbie emotional traders should avoid this one. Cut your loss with a close below the 50 dma, if the stock does not follow-through immediately.
RUBO is breaking out from a short flat base that could also be called a cup with high handle, on very strong volume. The fundamentals are starting to get better and estimates are for a 100% and 57% increase the next two years. The only problem really is that this base is too short. So newbie emotional traders if you do go long, keep it small. Cut your loss with a close below the 11.09 level, if the stock does not follow-through on the breakout immediately.
adding to existing Featured swing long: NTLS
NTLS is breaking out of an ascending base, on strong volume. This stock has been in a beautiful uptrend since October that has been filled with clear accumulation and green BOP the whole way up. The move at the end of March with BOP going max green, along with today’s breakout on good volume with BOP still max green, makes this a very pretty chart. The fundamentals are getting much better, with EPS growth between 13% and 475% the past three quarters and sales growing between 11% and 71% the past six quarters. Fund growth has gone from 26 to 45, during the past four quarters. This chart along with the fundamentals make it a clear winner in this market environment. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.
adding to speculative swing longs: ASTI MCZ SONE
ASTI is breaking out of a short cup base on strong volume. This stock appears ready to start another uptrend, with this breakout. BOP has been green to max green since early January and this chart is as pretty as it gets. However, this is a momo stock with no earnings so I don’t necessarily recommend this for newbie emotional traders. Cut your first loss with a close below the 8.38 level and your final loss with a close below the 7.80 level, if the stock does not follow through on the breakout immediately.
MCZ is breaking out of a short cup base on strong volume. This breakout is a continuation of the moves in November, February, and March. BOP has been max green during most of the time since October, making this a very pretty chart. The fundamentals are crap and with the stock being so volatile I do not recommend this one for newbie emotional traders. Cut your first loss with a close below the .78 level and your final loss with a close below the 50 dma, if the stock does not follow-through on the breakout immediately.
SONE is breaking out of a flat base on strong volume. This stock just created a very beautiful flat base with BOP near or at max green and even though it has come down some it is still green. The breakout today along with all the intraday price reversals in the base makes this a very pretty chart. But that is all we have is a very nice chart. The fundamentals are very weak and that is enough to make this a very risky long for newbie emotional traders. Cut your first loss with a close below the 5.92 level and your final loss with a close below the 50 dma, if the stock does not move higher immediately.
