Growth-stocks
Tilray nearing full retracement - daily MACD - CCI watch Tilray is currently $71.74/share and falling in this weeks sell off and good chance to drop near full retracement to $65-66 range. Great time to buy half and have standing order 8% below this for full retracement, or just wait.
$65.50 target with MACD cross-over on 12/26 and CCI about to cross positive.
Stock Watchlist for 2019Buy the dip is phrase that often comes to mind at times like these. Blindly buying any market decline without an appreciation for the underlying conditions causing the drop is foolish and unprofitable. However the panic caused by falling share prices does provide us with some excellent profit making opportunities provided we stay flexible and keep our eye on the bigger, longer term picture. 2019 is projected to be a torrid year for equity investors especially those that favour the longterm buy and hold strategy (nothing against it), but as always there is a silver lining. The broad general sell off in the stock market recently and the continued declines expected by many give us an opportunity to pick up some great stocks at good value. The list below is not stocks you should just buy and hope for the best and indeed many of them may experience strong declines. However they are fundamentally strong companies with good growth prospects that should be monitored for potential buying opportunities, as always in the present type of market conditions stay flexible and remember capital preservation is the number one objective. If I spot potential opportunities to purchase stock of any of the listed companies I'll be sure to publish it.
NANO NANOMETRICS INC
URBN URBAN OUTFITTERS INC
KORS MICHAEL KORS HOLDINGS LTD
CPRI CAPRI HOLDINGS LTD
MU MICRON TECHNOLOGY
RHI ROBERT HALF INTERNATIONAL INC 1
USNA USANA HEALTH SCIENCES INC
HSII HEIDRICK & STRUGGL
AEO AMERICAN EAGLE OUTFITTERS
HD HOME DEPOT
MPX MARINE PRODUCTS CORP
REGN REGENERON PHARMACEUTICAL
CLUB TOWN SPORTS INTERNAT
OFLX OMEGA FLEX INC
NVDA NVIDIA CORP
BURL BURLINGTON STORES INC
GWW W.W. GRAINGER
ULTA ULTA SALON COSMETIC
MTCH MATCH GROUP INC CS
WINA WINMARK CORP
VICR VICOR CP
CDNS CADENCE DESIGN SYS
LULU LULULEMON ATHLETICA
CHH CHOICE HOTELS INTERNATIONAL
PEGA PEGASYSTEMS INC
USPH U.S. PHYSICAL THERAPY
SAM BOSTON BEER COMPANY
IRMD IRADIMED CP
TREX TREX COMPANY
IDXX IDEXX LABORATORIES
INGN INOGEN INC
ABMD ABIOMED INC
Ciena is one name showing relative strengthShares of CIEN have been outperforming this year. The company posted very encouraging numbers last quarter and this aligns with a strong chart. Shares should continue to outperform.
Facebook shares - the worst is likely behind usFacebook shares have been punished for slowing growth, data breaches, and unauthorized uses of consumer's data. There is so much negativity in the stock price that this could be a great setup for the long-term investor. I believe the ship is righting itself here.
Mastercard shares offer a buying opportunityMA shares have been a fabulous growth story for years. The sales, EPS, & div growth have been top notch and this pullback can be a great entry for a long-term outperformer.
AMZN - This pullback is a long-term opportunityThis pullback in AMZN shares could make for a long-term opportunity to pick up shares. Shares fell +30% and could be in for a nice bounce in 2019.
FB - shares are firming, look for upsideSince hitting lows in November, the trend has changed alongside increasing accumulation. This is a prior leader, which looks to be a value play.
ETSY - this isn't a trend to fightThis company is growing rapidly. Last quarter growth accelerated again. Risks are to the upside even in a tough tape.
1. Great fundamentals, check.
2. Great technicals, check.
3. Unusual bullish trading activity, another check.
DPZ is looking to break outDPZ shares have been relatively quiet as of late. Shares are quietly gaining and could be setting up for a retest of highs soon. The whole space is doing well.
PLNT shares have been working outPLNT shares are at 52-week highs. Recent guidance and new highs should keep the shares "working out" higher.
XLNX a leader making new highsXLNX is gaining in a volatile tape. The co. guided higher last quarter. Look for higher prices into year end.
TTD breakout should retest prior highs soonTTD reported great numbers last quarter in a tough market tape. With volatility coming in and the stock starting to break out, we should see new 52-week highs soon.
AAP gains in a tough tapeAAP shares saw a massive breakout on big volumes. This + a strong sector is bullish for the name.
JNJ retest of 52 week highs?JNJ shares are gaining as the sector is ripping. A retest of prior highs could be in order. Bullish trading activity suggests the momentum will continue.
Largo ResourcesLGORF
Vanadium Flake and high grade source to V2O5 for making high strength steel. 0.5% V2O5 will double the strength of steel. Above this it can improve corrosion protection and harden metals like in aircraft engines. It is also offering a new battery technology that is more reliable than Lithium-Cobalt-Manganese batteries. The stock has already jumped 148.5% since July and climbing back to Oct. 30 high of 3.48 from current 3.33.
Who will make Vanadium reflux batteries is my next question, anyone?
Watching from 786fibretracement and nearing Oct. 30 high.
CGC Stock Jumped 7.68% Yesterday Nov 6, 2018, Why?What is the News Catalyst that is Causing Canopy Growth Corp Stock (CGC) to Move up the Charts So Rapidly?
The catalytic news that could’ve catapulted Canopy Growth (NYSE: CGC) stock has finally come and has catapulted the stock to a whopping 7.68% gain today November 6, 2018 1:34pm, ET.
As a result of this catalytic news CGC looks like it is heading toward 55.91 and possibly higher (55.71, 56.56, and 57.41 are possible targets) before a reversal becomes inevitable. In fact, $71.90 per share is the next target that is possible if the stock continues its hyperbolic move up the charts.
This price target however, may take a little longer to achieve simply because CGC holders like to take profits when the time is right. So, there could be a profit-taking time that presents itself way before the $71.90 per share price point is reached. In fact, there are a few price points that could appear above the $57.41 price level. They are $69.35, $70.02, and $71.05. In fact, those prices are not at all arbitrary, they have some credence behind them. Our trading strategy has a very high level of reliability.
There could be many price levels above our original support zone of $36.71. Therefore, we would buy the stock if it gets to $36.71 and sell it when it gets to our hypothesized support zone of 44.88 or anywhere close. In past analysis, we have noted that point.
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Disclaimer: (c) Mstardom, Inc., Mstardom Finance does not provide investment advice.
KO shows big buyingKO shares broke out to new 52 week highs on big volume. This activity should keep shares in bull mode.
WMT shares show big buyingWMT shares have gained in the market meltdown and should keep rising. Next up is January highs.
DISCLOSURE: long WMT
SBUX more upsideSBUX shares gapped to new 52-week highs after a strong earnings report. Strong buying in the shares should buoy the stock higher.
DISCLOSURE: long SBUX
JWN new 52 weekerJWN is at new 52 week highs. This sector is moving higher with more volumes than usual. Shares should continue uptrend.
ROST new highsROST shares are at 52 week highs. This momentum should continue as the sector pushes higher.
