7 Trade Ideas 11/09/15

Breakout above 100, strong multi-month uptrend, breakout above avg volume, wait for pullback to enter.

In consolidation, look for a break above 21, buy pull backs to 50 day ma

resting on support of the 50 day ma, very narrow bollinger bands, look for a period of consolidation and volume squeeze

volatility expanding over past few weeks, look for a pullback to 50ma to enter

tight bollinger bands, tight consolidation range, volume tapering off, could be ready to erupt higher

resting on support

High base, tight volatility squeeze, recent 2 for 1 split

$CPNO

Breakout from a consolidation period. I also see a double bottom that has broken above the reaction high. Short term I see this going to $37. This stock pays a really high dividend of over 6%.

$DUK - Part 2

This stock has a high dividend yield I see as a good look term buy for the portfolio. From my previous post DUK has moved into the buy zone (box). Not a tremendous day today but it does look like it bounced off the support and is moving higher (albeit slowly).

$PAY

Continues to climb.

$DELL

$INPH

I am watching this stock for 2 reasons:

1) Bull View - The stock has had a 4 day buying run... the most this year for the stock. Stochastics look strong (shooting above 50). The financially this stock has made money for the past 4 qtrs with good cash flow and very low debt. They have recently started turning a profit. 

2) Bear View - The $4.20 level is a big prior support level. This could act as a big resistance level as all the people who bought above 4.20 are going to want their money back. 

I think the price action will pull back around this 4.20 level. If the bull view prevails it will pull back slightly and launch past the 4.20 level. If this is just a short squeeze the stock could pullback and fall b/c of the overhead resistance.

$NFLX

Not a ground breaking find but I see a near term profit target of about 20%. Today gapped down 3.4% from my entry which was gut wrenching but I held on bouncing right off support. Many reasons (noted on this chart why I like this stock.

$PAY

Another short squeeze. I see this going up 5%. I'm going to look to short my position once the target is hit if it starts looking sketchy there.

$DUK

I would be a buyer right around the area where the 50ma and the 50% retracement meet. Not a high beta stock but this stock has great dividends. Good for a long term hold IMO. I'm waiting for a pullback to support before I get in. Todays red candle looks to be a dark cloud formation and could signal a reversal.

$SNDK

I saw an opportunity today (after a second day of buying) to long this stock. The second day of buying confirmed the bottom.