[Amedee]

[quote='isatrader' pid='6414' dateline='1421056131']
BEAT - In the same sector as the previous post. Potential for a Stage 2 continuation attempt to new highs. One year cup and handle pattern developing.

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About BEAT, after breaking the BRL (this is the red 44° bullish resistance line on the P&F chart that Isatrader posted or on my chart the blue dotted line coming down @ $9.5) I see some hesitation in the development of the pattern and yet no confirmation on the RS trend vs SPXEWI. I think the entry is also a difficult RR (reward to risk) story...

I think BSX is better but if you are not in yet, it's like you said, better to wait for a pull back (I am happy to be in with calls jan15 strike 14 and feb15 strike 13 that I bought end of October). I hope to add on a pull back
On my P&F breaking BRL/strong RS and 'Weinstein' watchlist are also CLDX, AMED, TSRO , INFI among others. CLDX, TSRO and INFI all nearing or making a triple top buy signal on the RS chart (right handed side of the P&F thumbs) wich is a very bullish sign!

Am I correct in saying?
- CLDX = stage 1B
- AMED = stage 2
- TSRO = stage 2
- INFI = stage 1B

But I am always looking for low initial risk an good RR. Thats also the reason why I sometimes buy calls depending on the premium and volatility.

Good luck to everyone,
Amedee