Stock Charts

growth stock chart analysis

Satyam Computer (SAY) Fraud Highlights The Advantage of the Self Investor & The Importance of Chart Reading

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

Something I’ve talked quite a bit about over the past few years in running this blog is the big advantage of the small guy.. the self investor over the big, laboring elephant that is the institutional investor.  You are the nimble, market ninja able to move to cash quickly by cutting losses quickly on positions and waiting for better investing environments.  The big fella has no such advantage because of the requirements to stay mostly invested and the slow process of unwinding positions and moving into new ones.  Institutions are forced to rely on on the financials of the past and management guesstimates of the future to make million dollar bets.  The problem with this approach is the executives lie or are just flat out wrong AND long before the earnings show deterioration, the stock will have already fallen off a cliff.

Case in point, Satyam Computer (SAY) of India.  Now here’s a company …

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Upward Trend Line Off Nov Low Needs to Hold: A Look At SPY 30 Min Chart

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 1

Just a quick heads up to let you all know what I’m keeping an eye on for tomorrow.  Following that push above the 50 day moving averages in both the S&P and Dow, we have had two days of selling with today’s plunge putting the S&P and Dow back below support of their 50 day moving averages.  The market remains somewhat bullish up here, but it’s critical that we hold the November upward trend line which I’ll be watching on the 30 min charts of the SPY, DIA and Q’s tomorrow.  Below is a look at the 30 minute chart of the SPDR S&P500 ETF (SPY).  You can see the  trend line that was tested again today with a decent bounce in the last 30 minutes of trading to keep that level of support intact. 

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Synalloy (SYNL) Breaking the Triangle

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

Synalloy continues to look extremely bullish and has busted out of a triangle formation today with heavy volume.

synalloy synl breakout stock chart triangle

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Is Hansen Natural (HANS) Running Out of Energy?

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Hansen Natural Recent News:

Stock Trading To Go » Weekly Stock Market Recap – Sep 29th 2019

Posted 11 days ago

Readers – Please note this is our last weekly market recap! For more info please see this post as well as information for subscribing to future recaps if there is general interest. To the greater readership, thanks for following along over the years and best wishes for success in the future! A rather quiet week on the news front as the same daily rumblings and hopes about a U.S. – China…

Stock Trading To Go » Weekly Stock Market Recap – Sep 22nd 2019

Posted 11 days ago

An incredibly non volatile week as indexes did next to nothing until Wednesday afternoon when the Federal Reserve delivered the much expected quarter rate cut. Markets rallied into the close Wednesday, flat lined yet again Thursday and then a small pullback Friday. While there was some worry about oil supply early in the week after an attack on Saudi facilities, much of that was washed away…

Stock Trading To Go » Second to Last Recap Tonight! Please Read!

Posted 11 days ago

Hello readers, As Blain mentioned in late August we will be concluding StockTrader.com’s weekly recaps at the end of this month! I have been part of the team here since 2012 (time flies!), and blogging on my own across a few sites since 2006 — back before blogging was really much of “a thing”. The […]

Stock Trading To Go » Weekly Stock Market Recap – Sep 15th 2019

Posted 11 days ago

A decent week here as the S&P 500 stopped just short of record highs; almost all the action was on Wednesday. Quantitative easing is back on again in Europe and easy money traders across the globe rejoice. The European Central Bank delved deep into its tool box on Thursday, cutting its deposit interest rate further into negative territory, launching a new round of monthly bond purchases and…

Stock Trading To Go » Weekly Stock Market Recap – Sep 8th 2019

Posted 11 days ago

A short trading week led to a positive outcome as trade war fears ebbed and a weak employment report gave traders what they want with more Federal Reserve cuts assured. A quite weak manufacturing reading Tuesday was a 1 day annoyance. Technical conditions in the S&P 500 chart especially improved; the NASDAQ to a degree – the Russell 2000 still looks poor. We watch the ISM numbers quite…

Stock Trading To Go » Weekly Stock Market Recap – Sep 1st 2019

Posted 11 days ago

A rebound this past week on relatively light pre holiday volume, as the U.S. both did its best to tamp down worries about the trade war. How much of this is real vs "talk" is debatable but the market was in a mood to listen. Monday: Trump said negotiations would begin again in the wake of the U.S. receiving two “very good calls” from Beijing, even though the Chinese played down the significance…

Stock Trading To Go » Concluding the Weekly Stock Market Recaps

Posted 11 days ago

Since 2003, across three different domains, we have been providing free stock market recaps. It’s been an incredible journey. Since 2012, Mark Hanna has been writing the reports, and like all of you, I've been a regular reader. Mark's writing style is terrific. He has a unique ability for making the complexities of the stock market easily digestible by the layperson. Unfortunately, a shift in…

Stock Trading To Go » Weekly Stock Market Recap – Aug 25th 2019

Posted 11 days ago

Quite a bit more volatility this week, and it looked like the worm was finally turning for this selloff until President Trump logged into twitter Friday. Most of the week was the normal give and take between hope (more global central bank stimulus coming) and worry (economic data). The minutes of the Federal Reserve's last meeting were released Wednesday: The minutes of the Fed’s July meeting…

Stock Picks Bob's Advice » Can we get this Blog Restarted? Or, thoughts about a Stock Club.

Posted 11 days ago

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please consult with your own investment advisors prior to making any investment decisions based on information on this website.I have almost disappeared from the blogging world.Almost, but not quite :).I still love investing, love thinking about stocks and am perpetually working at the Holy Grail of investing, 'how …

Stock Picks Bob's Advice » Nanometrics (NANO)

Posted 11 days ago

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.I wanted to share with an idea that I came across today reading the Investor's Business Daily IBD50 rankings. Nanometrics (NANO) has some of the features that I …

chrisperruna.com » Stocks to Watch 2020

Posted 11 days ago

I posted an abbreviated list of “Stocks to Watch 2020” on January 1st prior to completing my detailed analysis but now it is complete and pasted below. All stock prices quoted are from January 1, 2020. I received questions on social media asking why I didn’t include the FAANG stocks and other big-time names that normally dominate the headlines. The annual “Stocks to Watch” list typically includes new and up-coming growth stocks that I own …

chrisperruna.com » Stocks to Watch 2020 – Preview

Posted 11 days ago

January 5, 2020 Update – Stocks to Watch 2020 Full Analysis located here: Stocks to Watch 2020 – Full Analysis 1/1/2020: I am posting an abbreviated annual January 1st list of “Stocks to Watch 2020” prior to getting my full analysis uploaded by the end of this weekend. I aimed to get the full blog post up by tonight but I ran short of time with recent holiday travel followed by New Year’s Eve/Day celebrations. …

chrisperruna.com » Fall Stocks to Watch 2019

Posted 11 days ago

This list predominately focuses on younger stocks that have IPO’d within the past year or two. In addition to focusing on younger stocks, I focused on companies that are growing sales by at least double digits, preferably 25%+ QoQ. I did not include any of the stocks listed from my annual “Stocks to Watch in 2019” nor did I list more established stocks that have been trading on the market for years (including holdings already …

chrisperruna.com » Stocks to Watch in 2019

Posted 11 days ago

I’ve decided to mix it up this year, rather than repeat the similar trends list from the past several years. Don’t get me wrong, the Stock Trends lists from the past several years have performed amazingly well, I still own shares in several of those names and I continue to recommend many of them going forward. But I have been watching a new crop of lesser known growth names. These stocks may carry with them …

chrisperruna.com » My Wife Picks Stocks better than You

Posted 11 days ago

Four years later and my wife’s stocks are still outperforming the major market indexes. She doesn’t even know it but her spending habits pick far better stocks than most folks I know, including me. My wife doesn’t watch the market, actively invest in the market or care to look at a stock chart but she sure can predict where the money will flow. On August 5, 2014, I put a collection of stocks together that …

The Financial Armageddon » COVID: what was the plan all along?

Posted 11 days ago

COVID: what was the plan all along? As time goes by covid-19 has proven not to be the hammer or tsunami we feared. It has not taken the large number of lives many experts predicted but it has brought the economy to its knees. It now seems covid-19 is just a deadly bug that will probably with… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! …

The Financial Armageddon » 👉Happy INDEPENDENCE DAY AMERICA! These are Tough Times , but The Worst is Still to Come.

Posted 11 days ago

👉Happy INDEPENDENCE DAY AMERICA! These are Tough Times , but The Worst is Still to Come. Happy INDEPENDENCE DAY AMERICA! These are Tough Times , but The Worst is Still to Come. How about we celebrate being Americans? Not whatever color or ethnicity you are, but just as Americans? Are we a… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉The Fed's Final Solution Buying Corporate Junk Bonds !!

Posted 11 days ago

👉The Fed's Final Solution Buying Corporate Junk Bonds !! The Federal Reserve announced it would begin purchasing individual corporate bonds as part of its emergency lending program to inject liquidity into the virus-stricken economy. And the stock market shot up on these news. Free market?… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !!

Posted 11 days ago

👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !! There are no investors in the stock market; there are only gamblers. The only reason you buy a stock is because you think the price will go up, and the only reason somebody is willing to sell… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! …

The Financial Armageddon » 👉Sovereign Debt, Matters : We are in a Fat Ugly Monster Bubble !!

Posted 11 days ago

👉Sovereign Debt, Matters : We are in a Fat Ugly Monster Bubble !! Total U.S. debt reaches $55.9 trillion amid significant increases in corporate and government borrowing. Total domestic nonfinancial debt jumped by 11.7% to $55.9 trillion, the Fed said in its quarterly statement on domestic… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉Bankrupt Hertz Stocks up 50% — Day Trading Madness !!

Posted 11 days ago

👉Bankrupt Hertz Stocks up 50% — Day Trading Madness !! Hertz stock went up over 50% after the company announced on Thursday its plans to sell up To $1 Billion In new bankrupt stock. After announcing the opportunistic sale of newly bankrupt shares, "investors" are bidding the rental car… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉The Dow is taking off like a SpaceX Rocket Ship !!😆😱😃&#x1f~

Posted 11 days ago

👉The Dow is taking off like a SpaceX Rocket Ship !!😆😱&#x~ The Collapse of America is bullish. America is collapsing, but The stock markets are roaring up, and the Dow shoots up to the moon. What a bizarro world are we living in! Nothing surprises me anymore. The bankruptcy rate of small and… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉America in Chaos , Societal and Economic Meltdown.

Posted 11 days ago

👉America in Chaos , Societal and Economic Meltdown. 2020 has been quite the experience so far. Can you imagine where we’ll be in another six months? Everything that could go wrong went wrong. As if the coronavirus and the worst unemployment numbers in history were not enough. Outrage spills… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉 R.I.P. Middle Class America

Posted 11 days ago

👉 R.I.P. Middle Class America We are no longer the wealthiest middle class in the world. The country is falling apart. In the US, The Middle Class is shrinking. Pew Research Center data shows that in 1971 sixty-one percent of adults lived in middle-income households by 2016 that the number… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The Financial Armageddon » 👉 Retail Apocalypse A Tsunami of Retail Bankruptcies and Closures in 2020

Posted 11 days ago

👉 Retail Apocalypse A Tsunami of Retail Bankruptcies and Closures in 2020 Even though we are slowly reopening across the board in the majority of the country, many businesses are still closed or will never reopen. We are seeing it in retail, and in health, we are seeing it in hospitality and… [[ This is a content summary only. Visit http://FinanceArmageddon.blogspot.c~ or http://lindseywilliams101.blogspot.~ for full links, other content, and more! ]]

The faster they rise, the harder they fall.. eventually.  None have risen faster or been discussed more in trader circles then Hansen Natural (HANS) over the past couple years.  With the stock rising parabolically with seemingly no end in sight, there will come a time when a significant correction will occur.  It looks like that time is near.  The stock staged a climax run in early May on news of a distribution deal with Anheiser Busch and  I don’t think it’s any coincidence that the stock met resistance right around 200.  Major whole numbers often mark the end of a big run.

Shorting a great company like Hansen (HANS) can be a risky move in a market that may be putting in a bottom, but there are a few scenarios where the reward vs. risk might be favorable enough for short entry.  One way I’d play this is to look for a low volume return to what is now resistance around the 20 day moving average at around 180.  You see the stock dipping below that level with sizable volume yesterday which is the first time it’s been below this support level since mid February. 

On the other hand, there is some support in the stock at 170 and I’d be looking to play this on the short side should it break below that level with heavy volume (which would most likely happen only if the market breaks key support levels)

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Charts: Forecasting the Future

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

There was a time when I had the patience (and time) to peruse the garbage filled discussion boards and listen to the thoughts of other investors/traders, occasionally offering my own two cents.  I must say those days are long gone, especially for the most hyped stocks.  I suppose I grew tired of sifting through the usual boasting, insulting, hyping and griping to get to the few interesting posts.  On a few occasions, I remember having a disagreement regarding the usefulness of chart reading.  It was said that chart reading was just "vodoo" and for the superstititous.  Believe it or not, many investors still feel this way.  But trading stocks without reading the chart is like navigating a thick forest without a compass.  It’s difficult to know where you’re going or where you’ve been.  It’s important to remember that the market looks to the future and the current price and volume pattern is a reflection of investors feelings about the future of the company.  So much so that often times charts can predict future news or growth long before it actually happens.  The charts can tell you where you might be going.  (I say might because chart reading is NEVER 100% – if it were, everyone would be rich.  It’s all about swinging the probability of success in your favor).  You don’t think so?  Then why is it that great companies with solid fundamentals sell off on no news, only to find out several months later that earnings and sales targets are missed?  Why is it that a stock surges with great volume on no news, only to release postive news a few weeks later?  Believe it or not, the big money (institutions… and/or insiders of course) has much more information on a company than you or I do.  As much as they would like to hide their tracks, it is not possible because volume levels reveal the move.  They are showing their hand.

Let’s take a look at a couple of examples of the importance of chart reading and the ability of charts to forecast the future.  The first example is of a company called Noble International, which was growing rapidly.  From March ’03 to June ’04 the company had posted quarter over quarter earnings growth of 61%, 38%, 23%, 71%, 24% and 38%.  That’s some mighty impressive growth.  The buy and hold investor who was just looking at the fundamentals probably would have held the stock until poor earnings were in fact released.  The problem with this strategy is that the stock will almost always sell off long before that first earnings report is released.  Once again, the charts (current price/volume) looks to the future.   Another argument from the buy and hold investor may be "Well, it’s a great company and it will come back."  Sure, it may come back.  It may come back in a month, 6 months, 3 years or never.  You lose no matter how long the stock spends correcting.  Either you’ll be hit with a sizable loss or you’ll be sitting on dead money for who knows how long.  You can always buy it back when the technical action improves (with most brokerages charging less than $15 for a market order, commission costs are no longer a big concern).  OK, on to the chart of Noble International (NOBL).

Looking at the chart above (click to see larger image) there were several clues that would have told you to get out of the stock long before the 50% decline.  Looking at the overall structure you see a series of failed breakout attempts.  The stock surges on heavy volume, only to fall back into a base on a few occasions.  But the first obvious signal occurred on June 9th when the stock reversed on heavy volume.  Clearly, institutions were looking to unload shares at any opportunity.  The next couple of clues came in the form of a high volume plummet below major support of the 50 day moving average.  If that wasn’t enough of a sell sign, then the large amount of insider selling during that time should have been.  Several million dollars worth of NOBL shares were sold in May and June by several insiders.  Sure enough, the following quarter, the company reported less than stellar results as earnings came in less than the year ago period with a -6% quarter over quarter growth.  A great example of the chart forecasting the future.

It can work in the opposite direction as well.  A great example of this is DHB Industries (DHB), which soared over 20% today on news of a major order from the U.S. Army as well as the City of Baltimore.  But several days ago, there was a darn good clue that some good news was on the horizon.  That clue came in the form of … you guessed it, a high volume advance on no news.  But something was going on.  Let’s take a look at the chart below (click for larger image)

As you can see, the big gap up with no news occurred on Nov 15.  It actually happened again on Nov 22, to a lesser degree.  Moves like these don’t usually happen for no reason.. it seemed at the time that another big order announcement was coming down the pike and that is exactly what happened.  Perhaps the CEO David Brooks (who sold 3.7 million shares on Nov 30th) should get a few lessons in chart reading!  Although, he’s probably too busy counting his money considering he made 70 million on the sale… what’s another 15 million right?

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The Triangle Revisited

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

A few days ago in a post titled “The Failure of a Triangle”, I looked at the failure of a well formed triangle pattern as the market continued to slump. It’s important to point at that while these particular patterns often work, they, like all patterns, are never gauranteed. Today I thought I’d take a look at another triangle pattern that did successfully breakout. The company is SFBC Intl, Inc. and it broke through the upper portion of the triangle with good buying volume. Notice the declining volume as the triangle forms and then the explosion in price and volume on the breakout. (click the image for a larger view)

What you see here is that the triangle formation is actually a handle formation for a much larger cup base. I think it’s important to note that the cup base is not a well formed base. You like to see a smoother base with less volatilility and more time spent forming the right side of the cup. While today’s move was a good one, it may have trouble getting above 40 in the near term due to market weakness and the magnitude of the advance in such a short time.

Please note this is not a recommendation to buy or sell.. always do your own research before making a decision. Have a comment about this or other posts? I’d love to hear it.. have a good weekend!

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The Failure of a Triangle

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 2

This is the first in what will be a series of posts highlighting stocks that have failed from bullish patterns and will be categorized under “When Good Charts Go Bad”. It’s important to study the chart patterns that fail so that we can avoid purchasing the stock or get out before getting burned. Today’s look is at a bullish symmetrical triangle formation that formed after a successful breakout from a flat base several weeks earlier. Often cited as a continuation pattern, the triangle formation presents a brief pause after a significant run up, before breaking out to additional gains. (as always, click the image below for a larger view)

In this particular case, Team Inc. caught my attention as a well formed triangle formation and I watched it closely for a break above the upper portion of the triangle with heavy volume. It never happened. Eventually, the stock broke below the support level of the lower portion of the triangle with heavy selling volume. However, no loss occurred because no buy signal was presented. This is a great example of why it is important to look for a breakout above resistance with large buying volume. Without the wind at your back, your chances at success will diminish significantly.

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