A good setup on the chart heading into an earnings announcement where the company is likely to beat. Building-materials companies like this are going to benefit big-league if a $1 trillion job's program is passed to revamp the nation's infrastructure.
A big horizontal breakout and rising large players volume suggests a lot of people with a lot of money are buying this stock. CKO Kickboxing will now be offered at Madison Square Garden. Owning this stock is like owning a little bit of various sporting teams. I'm going to go running with the Bulls in this stock and chase it higher on the channel breakout.
The idea of this swing trade is to short QQQ because it has been up for 9 days in a row. This is a risky short-term swing trade on a bet that the market is ready to do a small retracement as nothing keeps going straight up.
I created a powerful stock screener for you that looks for stocks that are trading sideways with large players stepping in and buying. The idea is to position in these stocks within a few days before a big pop to the upside. Enjoy!
First Bancshares is a company on a high growth trajectory and with inclusion on the Russell 2000 index for the first time. The company has made some strategic acquisitions and mergers over the last year and is growing EPS and revenue nicely. The company just reported earnings and revenue beats on July 21, 2017.
More bank stocks than ever are looking like compelling trades. Everything changed for banks after the stress tests a few weeks ago and the Federal Reserve allowing banks to increase share buybacks and dividends.