Technical analysis on several potential long-side swing trading candidates followed by some statistics on the recent unusually low correlation between the S&P 500 & its 11 sectors. The following stocks are covered in this order: RKDA, RTK, MBII, CRUS, FOX, WMIH, MDT & EXK.
An overview of some of the swing trade ideas that stand out at this time.
After hitting one or more of their profit targets (except for SUNE), the follow Long Trade ideas went on to exceed their maximum suggested stops and have been assigned to the Completed Long Swing Trades category to be archived for future reference: MBII- In the last update posted on March 1st, MBII had once again hit the T1 level for 29% profit since highlighted as a new objective long entry or add-on just 6 trading sessions earlier. MBII was stopped out on March 23rd on a daily close below 0.99 as per the suggested stop criteria. SUNE- A long entry on [...]
What started out as a 'quick overview' of the Active Long Trade ideas currently listed on the site, morphed into a longer video going discussing the outlook these long-side trade ideas as well as some trading tips & suggestions several ways in which to profit from the official trade ideas listed on the site. As this video is quite extensive, one could skip ahead to view the comments on any positions or trade ideas they are interested in. Registered users log in to view a listing to all trades covered, along with the point they are discussed in the video.
Wash, Rinse, Repeat: MBII (Marrone Bio Innovations, Inc) has once again hit the first price target, T1 at 1.35, for a 28.6% gain following the second new long entry or add-on to the original long trade idea. MBII was first added as an Active Long in this post back on Feb 18th at a price of 1.10 shortly after breaking above the 1.05 resistance level, with the trade going on to hit the first price target for a quick 23% gain just 3 hours after the entry. From there, the stock continued over half-way toward the second & final target before [...]
After hitting T1 for a quick (3 hour) gain of 23% last week and continuing over half-way to the 2nd target before reversing, MBII (Marrone Bio Innovations, Inc) has now fallen back to the key 1.05 former resistance/now support level, thereby offering a new objective entry, add-on or re-entry for those who booked profits at T1 or above. The suggested stops for the original lots as well as an add-on or new entry here remains on a daily close below 0.99. Once again, this is an aggressive trade with a low-priced, relatively thinly traded stock. As always, all previous notes/charts on [...]
MBII (Marrone Bio Innovations, Inc) has hit the first target, 1.35, for a 22.7% gain in just over 3 hours since the entry posted earlier today. As is often the case, the stock immediately pulled back on the initial tag of this first target level. T2 at 1.76 remains the final target for now. MBII illustrates the explosive nature & above average returns (that go hand-in-hand with above average loss potential) of relatively thinly traded, low prices stocks. Previous & updated daily charts: