Hello traders and MarketClub members everywhere! Well I have to admit it, I did take a few days off to fly down to Cancun last week to get some sunshine and warm weather. If you're based anywhere on the East Coast, you know it has been very, very cold, the coldest weather we have had in 170 years! So I thought it was time to sneak off and get some warm weather for a few days.
When I come back from a trip, I immediately look at the Trade Triangles to see what is happening in the marketplace and what stocks are on the move. Today was no different, I simply clicked on the Trade Triangle button and I searched for stocks that were in uptrends, but had a continuation signal today. In simpler terms, I was looking for stocks that were in uptrends that had given a weekly Trade Triangle signal today indicating that the upward trend was once again resuming.
I filter the list down to stocks that have good volume and have traded on average over 2 million shares a day. When you look for stocks that have that type of trading volume, you know that the big boys, the hedge funds and institutional investors, are also looking at those same stocks as well, so you're in good company. Continue reading "5 Stocks On The Move Today"→
The excitement is already building for America's favorite holiday Thanksgiving. What could be better than spending time with family, eating great food and finding great stocks.
Today I am sharing with you three stocks that popped up on my radar yesterday that look technically very positive on the upside.
Two of these stocks are priced under $15, and one is priced below six dollars, which is pretty unusual in today's investment climate. The three stocks I'm looking at are all traded on the NASDAQ, which is my go to exchange to find winning trades.
The first stock is XOMA Corporation (NASDAQ:X0MA) which flashed a buy alert yesterday at $4.91. Xoma closed Monday at $5.28.
The next stock I will be looking at is Tower Semiconductor Ltd. (NASDAQ:TSEM). Yesterday the monthly Trade Triangle alerted a buy signal at $12.26. TSEM eventually closed out the trading day at $12.72.
The final stock is Micron Technology, Inc. (NASDAQ:MU). This is the most expensive stock of the three picks. Yesterday it received a Trade Triangle buy signal at $34.85. MU finished out the day slightly lower with a close of $34.72.
As always I will be taking a quick look at the charts and making projections about how high I think, these three stocks can move.
Every success with MarketClub, Adam Hewison