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Stocks With Bullish Money Flow 11-21-16

Posted by on November 21, 2016 8:11 PM
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Categories: Stocks

The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.

Aceto Corp Stock Chart


Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.

CVR Partners Stock Chart


Comments: Broke above 50-day moving average but formed doji on 11/21/16, not a convincing break. If we have another up day, and the Twiggs Money Flow goes positive above the 0% line, $6 is next target, then $6.80. Nice to see Insider CEO and President Mark Pytosh buying on November 4, 2016, at $4.20.

iPath Bloomberg Livestock SubTR ETN Stock Chart


Comments: I don’t have a clue why cows are flying over the moon. Maybe it just got too cheap, and some are expecting food inflation down the road. I have no idea but money flow looks awesome.

ZAGG Inc Stock Chart


Comments: Up against the 200-day moving average (red line) at 7.36. If it breaks above 200-day moving average, next resistance is $8.20 area (red horizontal line). Forward P/E is 12.72. Excellent quarterly revenue growth of 86% YoY. Sales in 2015 were $269.3 million. Sales in 2016 are forecast to come in at $365.6 million, awesome!

Disclosure: I do not hold any positions in any of the stocks mentioned above.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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