Breakout and Swing Trade Ideas

Discussion in 'Stock Market Today' started by StockConsultant, May 19, 2022.

  1. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    PAYC Paycom Software stock, watch for a top of range breakout at https://www.stockconsultant.com/?PAYC

    Breakout trade
    • WATCH for possible breakout above 242.35
    • Target: 263.3, 10.2% Stop: 233.75 Loss: 2.2%
    • P/L ratio: 4.6 : 1 - Excellent
     
  2. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    ELF Beauty stock with a top of range breakout at https://www.stockconsultant.com/?ELF

    Breakout trade
    • CONFIRMED breakout trade above 111.13
    • Target: 124.17, 10.7% Stop: 107.7 Loss: 4%
    • P/L ratio: 2.7 : 1 - Good
     
  3. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  4. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  5. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    WDAY Workday stock, good day, watch for a top of range breakout at https://www.stockconsultant.com/?WDAY

    Breakout trade
    • WATCH for possible breakout above 204.69
    • Target: 235.65, 19.8% Stop: 185.58 Loss: 5.6%
    • P/L ratio: 3.5 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Breakout trade watch above 204.69, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  6. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    RARE Ultragenyx Pharmaceutical stock, watch for a bottom breakout at https://www.stockconsultant.com/?RARE

    Breakout trade
    • WATCH for possible breakout above 15.76
    • Target: 18.32, 20.8% Stop: 14.56 Loss: 4%
    • P/L ratio: 5.2 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] Excellent long trade quality
    • [Timing] Breakout trade watch above 15.76, no resistance in area just above.
     
  7. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    DKS Dicks Sporting Goods stock, watch for an upside gap breakout at https://www.stockconsultant.com/?DKS

    Breakout trade
    • WATCH for possible breakout above 141.5
    • Target: 153.47, 9% Stop: 136.56 Loss: 3%
    • P/L ratio: 3 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] Breakout trade watch above 141.5, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] at resistance
     
  8. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  9. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    Before the close, breakout stocks to watch

    Market is holding the gap up support on SPY and QQQ. Here is a quick scan for breakout stocks to watch : AMC HOWL LIFE OPRX and RPD at https://stockconsultant.com/?AMC
     
  10. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  11. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  12. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    Before the close, longs at support

    Market in a holding pattern today for SPY, QQQ. Ran a quick scan for some good long setups at support : CRDO DDOG GNRC VECO and VPG at https://stockconsultant.com/?GNRC
     
  13. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  14. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  15. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  16. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    Mid day breakout stocks to watch

    A solid morning for stocks and SPY, QQQ, holding above the recent gap up. I did a quick scan for breakouts and found a few promising stocks : GTM IQV NTRA OSCR RPD TASK and ZS at https://www.stockconsultant.com/?OSCR
     
  17. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    ACB Aurora Cannabis stock watch, pullback to 4.01 support area with bullish indicators at https://www.stockconsultant.com/?ACB

    Long Trade
    • Target 1: 4.57 Profit: 12.3% Stop/Trailing Stop: 3.91
    • Loss: 3.9% P/L ratio: 3.2 : 1 - Good
    • Target 2: 4.75 Profit: 16.7% P/L ratio: 4.3 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Good long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  18. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  19. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
  20. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,980
    Likes Received:
    31
    Tough day for stocks

    A gap down and selling throughout the day with SPY end of day buying, holding recent support, and QQQ not holding support. Still the Stocks to Watch list did very well with many rallies off support and a few breakouts: DKS INTA NIQ QLYS ROKU and RPD at https://www.stockconsultant.com/?ROKU
     

Share This Page