Week of Sept 20, 2009: In-play stocks watchlist
Out of this week’s 10 candidates, I’ve only been able to identify 4 that are presenting playable setups.
Christopher & Banks Corp. go long above $8.10. Stop at $7.70. Target $9.00.
read moreWeek of Sept 13, 2009: In-play stocks breakout results
Last week, I identified 5 stocks with earnings release scheduled for the week and with obvious setups for a breakout. They are AIR, APOG, CKR, DBRN, and MLHR. Of which, AIR, APOG, and CKR have inched up steadily. DBRN’s up trend was very choppy. And MLHR was way too much into a move already for me to enter. So of the 5, 3 would have been profitable, 1 stopped out, and 1 passed.
Apogee Enterprises Inc. (APOG) in particular is worth a note because it literally went vertical. However, I probably would have exited when it touched the $15 resistance.
I believe the key to this week’s good results is that the overall market is very bullish, at least in terms of the public’s sentiment. S&P 500 made a marginally new high above 1070 without any retracement yet.
Thus, the moral of the story here seems to be just go along with the market trend regardless of any rationality.
AAR Corp. (AIR)
Apogee Enterprises Inc. (APOG)
CKE Restaurants Inc. (CKR)
Dress Barn Inc. (DBRN)
Herman Miller Inc (MLHR)
More inplay stocks with easily identifierable setups for next week
AAR Corp. (AIR)
Apogee Enterprises Inc. (APOG)
CKE Restaurants Inc. (CKR)
Dress Barn Inc. (DBRN)
Herman Miller Inc (MLHR)
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