Hey Pro Members
Peter sent in his list of stocks on his radar and the the trade plans for each. Unfortunately I am in no condition to be evaluating anything today. I partied a bit too hard last night and I am paying for it today. However, I wanted to get these out to the rest of the members. Peter has several good looking charts here a clear strategy of approach for each trade which is something you should have for every trade you take.
Stocks to watch for trading and investing Sept 18th- 22nd 2017 from Alpha Wolf Trading on Vimeo.
Peters list of stocks to watch this week.
Click on the link below to view the stock charts on Finviz
MGTI -- Entry 2 – Stop 1.75 – First Target 2.60 – Second Target 3.25 – Risk/Reward 2.4:1
This is a bitcoin play so will probably trade as bitcoin does. Earnings are on Tuesday, 19 Sep. The chart does look like as nice even pullback after a huge run. I would like a pullback to $2 near the 50 ma. I would give it 25 cents below the 50 ma. Looking for a first target up to the 20 ma and second target to the recent congestion area. Director and CEO sold 100k @ 3.85 and 50k @ 2.80. However, they own millions.
FOLD – Entry 13.10 – Stop 12.65 -- First Target 14.2 – Second Target 15 – Risk/Reward 2.44:1
I like the look of this chart. It had what seemed like bad news last week and completely brushed it off. Adam F. is a fan of this one. I would like a pullback to the 50 ma to enter. Stop would be below the 50 ema. First target would be the top of the recent congestion range and second target would be a Fib projection to 15. No recent insider activity.
XOMA – Entry 17.65 – Stop 17 – First Target 19 – Second Target 25 – Risk/Reward 2:1
I like the look of this chart as it keeps stair stepping higher. There can be some nice range as well. Looking for a pullback entry to the 8 ema. Stop would be below the bottom of the recent congestion. First target is top of the recent range and second target is the next Fib projection. No recent insider activity
PGTI – Entry 13.75 – Stop 13.45 – First Target 14.25 – Second Target 15 – Risk/Reward 1.7:1
This is a great little company out of Sarasota, Florida. The management is excellent. They produce window for houses. The recent hurricanes in Florida and Texas can only be good for their business. I’m looking for a pullback entry to the 20 ema. Stop would be below the 20 ma. First target is the top of the recent range and second target is up towards the recent highs. No recent insider activity.
ADMS – Entry 21 – Stop 20.5 – First Target 22 – Second Target 23 – Risk/Reward 2:1
This looks like it ready to make another move. I would like a pullback entry to the 13 ema. Stop would be below the bottom of the recent congestion. First target would be the top of the recent range and second target would be a Fib projection. No recent insider activity.
RAD – Entry 2.55 – Stop 2.45 – First Target 2.95 – Second Target 3.15 – Risk/Reward 4:1
This is more of a short term swing. I like the push and close above the 50 ma on Friday. Looking for a pullback entry to the 50 ma. Stop below the 20 ema. First target would be the 100 ma and second target would be the top of the recent breakdown. No recent insider activity.
YNDX – Entry 31.40 – Stop 31 – First Target 32.30 – Second Target 33.6 – Risk/Reward 2.25:1
Looking for a pullback to the bottom of the recent range that coincides with the 20 ma. Stop would be below the 20 ma. First target would be back up to the 8 ema and second target would be the top of the recent range. Can’t find insider activity.
ACAD – Entry 35.70 – Stop 34.90 – First Target 37.25 – Second Target 38.70 – Risk/Reward 2:1
Looking for a pullback entry to the 13 ema. Stop would be below the 20 ema. First target would be the top of the recent range and the second target would be the resistance back in March of this year. No recent insider activity.
SNAP – Entry 15.10 – Stop 14.90 – First Target 15.75 – Second Target 17 – Risk/Reward 3.25:1
This would be more of a swing trade. Entry would be at the 50 ema. Stop would be below the 20 ema. First target is the top of the recent range and the second target is the 100 ma. No recent insider activity.
SBAC – Entry 149.50 – Stop 148 – First Target 152 – Second Target 154.50 – Risk/Reward 1.7:1
I like this probably more for a swing as well. It’s a nice looking chart all around. Tower companies are cash cows and it can probably be held safely in a long term hold account. I like an entry right at the bottom of the group of near term ma’s. Stop would be below that group of ma’s. However, truthfully, I would probably buy more if it came down. First target is the top of the recent range and second target is the recent highs. No recent insider activity.
GILD – Entry 80 – Stop 79 – First Target 85 – Second Target 89 – Risk/Reward 5:1
I like this as a swing as well for an entry close to the 20 ema. Stop would be below the 20 ma. First target would be the top of the recent congestion and second target would be the top of the recent highs. No recent insider activity.
ACBFF – Entry 2.10 – Stop 1.99 -- First Target 2.30 – Second Target 2.60 – Risk/Reward 1.8:1
This is a pot name that looks pretty good. I would look for a back off to the 50 ma with a stop below that level. First target would be the top of the recent range and the second target would be the resistance from last April. Can’t find insider activity.
MTCH – Entry 22 – Stop 21 – First Target 24 – Second Target 27 – Risk/Reward 2:1
This is flagging nicely, looking for an entry close to the 8 ema. The stop would be below the 20 ma. First target would be the top of the recent range and the second target would be the first Fib projection. No recent insider activity.
TRIP – Entry 43 – Stop 41.50 – First Target 45 – Second Target 47 – Risk/Reward 1.33:1
This keeps tapping the 200 ema and stochastics are getting oversold again. I would like an entry close to the 20 ma with a stop below the 50 ema. First target would be the 200 ema and second target would be the top of the resistance back in May. No recent insider activity.
PANW – Entry 140 – Stop 138.50 – First Target 143.60 – Second Target 149 – Risk/Reward 2.4:1
I like the flag on this one. I would look for a retest of previous resistance and now hopefully support around 140. Stop would be into that gap. First target would be the bottom of the current congestion and the second target would be the top of the same congestion. The CTO sold 2k @ 144.81 last week. It looks like he sells small lots every quarter. I’m not sure that is telling for the stock or he just likes to lock in profits.
TECD – Entry 89 -- Stop 90.50 – First Target 83.50 – Second Target 77 – Risk/Reward 3.67:1
I’m looking at this for a short entry. Their earnings were a huge disappointment. Stochastics are starting to reach the overbought condition. I would look for a continued push back to the 13 ema for a reversal. Stop would be above that $90 round number. First target would be the bottom of the current flag and second target would be support back from late last year.
