RE: Watchlist - Traders method
(2014-07-08, 12:33 AM)theory6453 Wrote:(2014-01-29, 12:11 AM)isatrader Wrote: 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.
I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over again in my life. And that is why I succeed. - Michael Jordan