[mucked4u]

Here's a few of the Stage 2 stocks that came up on the elite board this week - FL, MEI, PGTI, RGLS, EDN, QURE, BPOP




To see all of the daily updates in the Elite Board - register for free here: http://stageanalysis.net/forum/member.ph...n=register and get a one week free trial to the Elite members board.

Tried to sign up for 1 week trial but system says I already have account. However the system doesn't take me to the free week trial page

[isatrader]

A few for the US long watchlist tonight - GLPI, CFRX, AST, ASTC, AVOL, BONA

                       

[isatrader]

Tried to sign up for 1 week trial but system says I already have account. However the system doesn't take me to the free week trial page

You've already registered, so will have already had the free one week trial as it's automatic when you sign up for the first week. But as you registered a while ago you might not have had it, as I can't remember the exact date I implemented the free trial for new members. So I've manually updated your account so that you can see the elite board for the next week.

Let me know if you need any help.

Cheers

[mucked4u]

Tried to sign up for 1 week trial but system says I already have account. However the system doesn't take me to the free week trial page

You've already registered, so will have already had the free one week trial as it's automatic when you sign up for the first week. But as you registered a while ago you might not have had it, as I can't remember the exact date I implemented the free trial for new members. So I've manually updated your account so that you can see the elite board for the next week.

Let me know if you need any help.

Many thanks for getting me connected to elite. All is functioning well

Cheers

[isatrader]

For the US long watchlist - IPWR (Stage 1), GERN (Stage 2A), TWOU (Stage 1), SCAI (Stage 2A), GY (Stage 2 cont), MVIS (Stage 2A)

                       

[Amedee]

Another one for the watchlist: XLRN
I was going through some stock queries on the P&F site of Tom Dorsey and came along XLRN (sector Drugs).
The filter was set for favored sectors + large base stocks + price $10 - $500 + weekly momentum between 0 and 3 weeks positive (on average, weekly momentum lasts positive or negative during 7 weeks).
+ Favored sector
+ RS trend positive
+ Weekly momentum 3 weeks positive
- Monthly momentum 6 months positive
+ The Reward to risk is 2.37 to 8, depending on the calculation (I love to have the RR above 3).
+ Initial risk to stop loss is 10%
+ P&F Triple top breakout
+ Stage 2a or 2b?
Any other thougths?

Some charts see this padlet: http://padlet.com/Amedee/5214bepuenhb

[isatrader]

Another one for the watchlist: XLRN
I was going through some stock queries on the P&F site of Tom Dorsey and came along XLRN (sector Drugs).
The filter was set for favored sectors + large base stocks + price $10 - $500 + weekly momentum between 0 and 3 weeks positive (on average, weekly momentum lasts positive or negative during 7 weeks).
+ Favored sector
+ RS trend positive
+ Weekly momentum 3 weeks positive
- Monthly momentum 6 months positive
+ The Reward to risk is 2.37 to 8, depending on the calculation (I love to have the RR above 3).
+ Initial risk to stop loss is 10%
+ P&F Triple top breakout
+ Stage 2a or 2b?
Any other thoughts?

Some charts see this padlet: http://padlet.com/Amedee/5214bepuenhb

Sorry for the slow reply. Has a busy week at work.

XLRN technically made an early Stage 2A breakout attempt back in December, but it didn't meet all of the breakout requirements. Note the weak close on the weekly bar of the breakout attempt week, which needs to be in the upper third of the bar at the close of the week for a confirmed Stage 2A breakout imo, as a strong weekly close is required.

When a breakout fails it moves back into Stage 1, and redefines the Stage 1 range to give a new breakout level to watch. So it's forming what I call a raised Stage 1 base currently, as the entire Stage 1 base is forming above the 30 week MA. And so in order to make a new Stage 2A breakout attempt it would need to make a strong close above the $43 level which has become near term resistance (see P&F chart attached) with all the usual requirements.

Anyone that had bought in on the initial Stage 2A breakout attempt could still be in it, as it hasn't violated the investor stop loss and technically looks strong still. But highlights one of the issues of buying an early breakout attempt when there's not a well formed Stage 1 base, which ideally should be six months or more imo - see the Stage Analysis Study Guide - Questions and Answers thread for more on that.

           

[isatrader]

For the US long watchlist tonight - HOMB, TWOU, CISG, CY, MYRG, SUPN, TRVN, WUBA, AST

Note, some promising moves in the short term market breadth indicators today, that I'll follow up at the weekend. But hopefully will get some follow through tomorrow.