Breakout Pivot and Price Extension in Base Patterns
Two traders watch the same base. The top of the range sits at 100.00 and the nearest chart-failure level is a support area at 96.00. One gets a fill at…
Two traders watch the same base. The top of the range sits at 100.00 and the nearest chart-failure level is a support area at 96.00. One gets a fill at…
Two growth stocks finish their bases in the same quarter. Each one ran more than 100% in the months before, built a tidy six- or seven-week consolidation about 10% deep,…
A growth stock has spent seven weeks moving sideways between 46.80 and 52.10. The 50-day moving average sits at 48.90 and is still rising. On a quiet Tuesday the stock…
A growth stock climbs from 18.40 to 39.10 in seven weeks, a gain of 112.5%. Most charts that go vertical like that give a large part of the move back.…
Two growth companies report on the same evening. The first posts revenue up 38% from the year-ago quarter, and the headline reads well. The second posts revenue up 33%, which…
A company lists with an offer price of $22.00, opens at 31.50, trades as high as 38.20 in its first session and closes at 34.10. Six weeks later it's trading…
A mid-sized company issues a press release before the open. It describes a new product as "transformational" and "category-defining," names a large partner, and quotes a market-size estimate in the…
A growth company reports quarterly earnings per share up 41% on sales up 28%, both ahead of the published estimates. The stock opens 12.2% higher the next morning. By the…
Picture two growth companies that pass the same earnings screen in the same week. Both reported quarterly earnings per share up more than 40% for two straight quarters, both sit…
A growth stock has climbed from 42.00 to 68.50 in fourteen weeks, and then it stalls. For the next seven weeks the weekly bars drift sideways. Price never trades above…