• ALNY - Jul 30 201520150730
  • ALXN - Jul 30 201520150730
  • AMGN - Jul 30 201520150730
  • ASPS - Jul 31 201520150731
  • AVGO - Jul 10 201520150710
  • BIIB - Jul 30 201520150730
  • BLOX - Jul 27 201520150727
  • BMRN - Jul 30 201520150730
  • BRKB - Jun 09 201520150609
  • CNX - Jul 15 201520150715
  • FAS - Jul 24 201520150724
  • FNHC - Jul 28 201520150728
  • FXY - Jul 08 201520150708
  • GDX - Jul 22 201520150722
  • GILD - Jul 30 201520150730
  • GLD - Jul 22 201520150722
  • $GOLD - Jul 22 201520150722
  • HALO - Jul 30 201520150730
  • $HUI - Jul 22 201520150722
  • INTC - Jul 29 201520150729
  • ISIS - Jul 30 201520150730
  • NBIX - Jul 27 201520150727
  • REGN - Jul 30 201520150730
  • SBLK - Jul 17 201520150717
  • SLW - Jul 20 201520150720
  • WFC - Jul 14 201520150714
  • XLF - Jul 24 201520150724
  • $YEN - Jul 08 201520150708


Trade Setups

Trade Setups are potential trade or longer-term investment candidates that are setting up in a well defined chart pattern. Once/if the pattern triggers (i.e.- a break-out or break-down), the trade idea will become an Active Trade until either the price target(s) are hit or the trade is stopped out. However, some Active Trades will also remain in the Trade Setups category after triggering an entry as long as the trade still provides an objective entry. Therefore, many trades on this site will often be assigned to multiple categories.

Jul 312015
 

ASPS (Altisource Portfolio Solutions S.A.) offers an objective long entry here on the backtest of the 32.88-35.20 support zone.Suggested stops for those only targeting T1 (200-day ema) would be on any move below 32.78 while the suggested stop for those targeting T2 (46.90) or T3 (61.43) would be on any move below 31.05 (or the 32.78 level could also be used for a relatively tight stop for those targeting T2 and/or T3).

ASPS stock chart

ASPS daily July 31st

The 200-day ema, which has capped all advances since April 2014, currently comes in around 41.29 (about 24% above current levels) although keep in mind that the 200-day moving average is dynamic and will move higher along with ASPS, should this trade play out, therefore providing a gain of well over 25%, if hit). As my price targets are usually set slightly below the actual resistance level in order to minimize the chances of missing a fill, should the stock reverse just shy of resistance, T1 will be set 7 cents below the 200-day ema.

ASPS recently reported earnings on July 23rd so we have a few months to worry about any earnings induced gaps. Due to the above average return potential (80+% gain to the final target, should it be hit), ASPS will be added as both an Active Long Trade (i.e.- swing trade) as well as a Long-term Trade (trend trade/investment). Although the stock is trading down sharply today, this trade does offer an extremely attractive R/R with minimal downside if stopped out and relatively large profit potential.

Jul 272015
 

NBIX (Neurocrine Biosciences) offers an objective short entry on this breakdown below the rising wedge pattern. As such, NBIX will be added as an Active Short Trade around current levles. Horizontal lines mark potential targets with suggested stops & targets to follow soon. On a [continue reading…]

 July 27, 2015 10:22 am  Active Trades - Short, Short Setups Tagged with:
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