• ACN - Jun 05 201520150605
  • $Airlines - Jun 08 201520150608
  • ALK - Apr 29 201520150429
  • AVAV - Jun 19 201520150619
  • BRKB - Jun 09 201520150609
  • EA - Jun 03 201520150603
  • ESS - Jun 04 201520150604
  • HA - Jun 04 201520150604
  • HOLX - May 29 201520150529
  • JBLU - Jun 08 201520150608
  • MM - Jun 16 201520150616
  • SAVE - Apr 29 201520150429
  • SKYW - Jun 08 201520150608
  • $XAL - Jun 08 201520150608
  • XLP - Jun 05 201520150605
  • ZINC - Jun 10 201520150610

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.

Jun 192015

My reply to a follower of the site as to my thoughts on AVAV (Aerovironment Inc) below. I may add this one as an official trade idea & if so, exact suggested profit targets & stops will follow. Until then, here are my thoughts, the AVAV daily chart, along with a summary of the company.

No, I hadn't looked at it until you mentioned it & it looks to be at a pretty decent horizontal resistance level right now. If it can clearly take this level out, it looks like AVAV may be poised for a new primary uptrend. The price action since late November looks like a potential basing formation in the stock. Here's a daily chart with some price targets. Best to wait for prices to take out the 200ema (27.42 today) and to see some volume (at least 1.5x the 60 or 90 day average volume) start to coming into the stock, should it take out the 27.42 level. It would also be prudent to wait for a solid daily close and maybe even a weekly close above the 200-day ema before taking a full position.

AVAV daily June 19th

AVAV daily June 19th

Business Summary: AeroVironment, Inc. designs, develops, produces, supports, and operates unmanned aircraft systems (UAS), tactical missile systems, and efficient energy systems in the United States and internationally. It operates in two segments, Unmanned Aircraft Systems and Efficient Energy Systems. It offers small UAS that provides ISR and communications, including real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator. The company?s small UAS wirelessly transmit critical live video and other information to a hand-held ground control unit enabling the operator to view and capture images. It also provides spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support services for small UAS; and contract engineering services in support of customer-funded research and development projects. In addition, AeroVironment, Inc. offers electric vehicle charging systems, services, and related solutions for plug-in passenger and fleet vehicles; PosiCharge industrial electric vehicle charging systems for electric material handling vehicles and airport ground support equipment; and power cycling and test systems for developers and manufacturers of electric vehicles, as well as battery packs, electric motors, and fuel cells. It serves organizations in the U.S. Department of Defense, including the U.S. Army, Marine Corps, Special Operations Command, and Air Force, as well as commercial, consumer, and government customers. The company was incorporated in 1971 and is headquartered in Monrovia, California. (source: Yahoo! Finance/yahoo.com)

 June 19, 2015 11:24 am  Long Setups Tagged with:
Jun 052015

ACN (Accenture Ltd) will be added as an Active Short Trade idea here on the break below this large rising wedge pattern. Suggested stop over 100.65 offers a 3:1 R/R if targeting T2 (with a lower stop for those only targeting T1).

 June 5, 2015 9:52 am  Active Trades - Short, Short Setups Tagged with:
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