One of Today’s Featured Trade Ideas

ABMD/Long (Healthcare, Medical Devices)    Over the past few months, ABMD has formed a symmetrical triangle flirting with the big three and the 100 SMA.  This past week, ABMD has had a little run bringing price back over the T-Line and 20 SMA with a little flag at the end of last week and a Friday breakout.  ABMD closing Friday at $72.33 puts it in striking distance of the $100 price target.
ABMD Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about: 
Rule #19 — Don’t chase a trade.

Continue Reading

One of Today’s Featured Trade Ideas

PRTA/Long (Healthcare)   After consolidating around $45.20, which was also the March high, PRTA continued to rally for a few days and then pulled back creating a little rounded bottom with a bullish J-Hook breakout.  With bullish follow-through, I see a possible target around 71.

PRTA Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #18 – When price moves steadily in a bullish or bearish direction 5 to 10 days, it’s very common to see profit-taking occur.
Continue Reading

One of Today’s Featured Trade Ideas

USAT/Long (Technology)  USAT looks to have the potential to get near the $5 area with an impressive chart pattern starting with the Doji on June 30, and notice the bull kicker on July 10.  Price is now broken out of the 2015 highs pushed by a Doji continuation pattern a few days ago.

USAT Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #17 – Sell into strength

Continue Reading