Here are some new setups I'll be watching this week. Some of these charts have good upside; on the others, my stops will be tight and expectations modest. Don't need to hit home runs here. Just some base hits will do.
$CAI Was in this one long recently. Trade was too early and took a small loss. Will be looking for reentry above 12.25. Price has 2 more hurdles to overcome then has some upside to 19.75.
Sector: Industrials Industry: Rental & Leasing
$BCEI Nice break above resistance on Friday. Would like to see some consolidation here for a long position. Ideal entry (for me) would be a retest of 8.25. This is an oil stock and can move with that sector. If you take a trade make sure to use and respect your stop. This one can rip your face off if it turns around.
PreMarket: Stock upgrade to Buy. New PT $29 from $26.
Sector: Energy Industry: Oil & Gas Exploration
$SHOR Daily Finally got a breakout on this. Nice consolidation after earnings and looks like it can move up from here. I've put up the weekly chart for reference.
Sector: Technology Industry: Communication Equipment
$SHOR Weekly
$TTMI Another one I had long. Got out last week for a small gain and am going to reenter here if the market dictates. If it can get through the gap at 9 then it can go to to 10.75. I've put up the weekly chart for a long-term reference.
Sector: Technology Industry: Communication Equipment
$TTMI Weekly
$WPX Another energy stock trying to break out of the range. First target 11.75. Second target 14.75.
Sector: Energy Industry: Oil & Gas Exploration
$OFG On the radar for reentry. Took my gains when price closed outside the box. Looking for a target of 15.
Sector: Financial Industry: Regional Banks U.S.
That's about it for this Monday. As always...
Trade smart; stay solvent; stay in the game.
