[theory6453]

Watchlist alert: Strong institutional buying on SHPG & WLB.
TRW also had a nice spike in volume (5x).

[isatrader]

Watchlist alert: Strong institutional buying on SHPG & WLB.
TRW also had a nice spike in volume (5x).

SHPG looks quite extended in Stage 2B as would need a 33% pullback to get back to it's 30 week MA and has been in Stage 2 for a year now. So is no where near any of the Weinstein entry points currently for the trader or investor method and looking quite parabolic.

[theory6453]

Watchlist alert: Strong institutional buying on SHPG & WLB.
TRW also had a nice spike in volume (5x).

SHPG looks quite extended in Stage 2B as would need a 33% pullback to get back to it's 30 week MA and has been in Stage 2 for a year now. So no where near any of the Weinstein entry points currently for the trader or investor method and looking quite parabolic.

Yes, I certainly agree. I highlighted it b/c the 30 wma is moving up at a very sharp angle and the recent volume has been overwhelmingly positive. It's nowhere near any type of buy point as of right now, but a pullback in average-to-below average volume (like the one that occurred in Feb-May of this year) could potentially make for a nice entry point.

This was just from my volume scan and I have not researched the sector/sub-group as of yet, so I apologize if my posting it was premature. Was just something that caught my eye.

[isatrader]

Yes, I certainly agree. I highlighted it b/c the 30 wma is moving up at a very sharp angle and the recent volume has been overwhelmingly positive. It's nowhere near any type of buy point as of right now, but a pullback in average-to-below average volume (like the one that occurred in Feb-May of this year) could potentially make for a nice entry point.

This was just from my volume scan and I have not researched the sector/sub-group as of yet, so I apologize if my posting it was premature. Was just something that caught my eye.

No worries, I just highlighted that, as this is the general trader watchlist thread and so you get a lot more beginners etc that read the posts, and so I wanted to make sure that they didn't think you were suggesting it was a potential buy at the moment.

So I'd suggest maybe going into a little bit more detail with future posts on this free thread so newbies don't get confused, but what you posted initially would be fine on the Elite board watchlist thread

[isatrader]

GLUU - potential for a breakout attempt to new five year highs (see monthly chart attached).

           

[isatrader]

ACM is an interesting one. It's formed a large Stage 3 range through the last year, but had a failed breakdown attempt in late 2013 and has now moved into a higher tighter range that held above the 30 week which has began rising again. It's testing the top of that new Stage 1 range at the moment and today has seen some big relative volume and so could be set to attempt a new Stage 2 continuation move, which if it does do could see it move to new multi year highs. Attached is the charts.

           

[theory6453]

Potential continuation moves for the watchlist - SIMO, SMED, XRS, ORBC, RCON, WAT

Here is a chart that looked interesting to me as it came up on my Heavy Volume scan: SIMO. Isa highlighted it back in January as a Stage 2 continuation move and now it is approaching its 5-yr high. It scored pretty favorably on my Weinstein checklist and has a very strong IBD Accumulation rating. There doesn't seem to be any overhead resistance and if it can push past $23.50, it may have some room to run.

Heads up that SIMO is up 4% today and has pushed above it's 2012 high of $23.32 in what appears to be above average daily volume. I just bought in @ $23.49 and it has now pulled back a few cents and is currently sitting at about $23.45.

[isatrader]

KNDI - seems to recovering while still in Stage 2, after a strong 50% pullback earlier in the year. Strong relative volume move today.