Trade Ideas: JPM, NUVA, AZN, BCM, AVT, SRE, OMC, WCN
Broad selection of stocks from the Trade-Ideas Base-breakout scan. One of the picks NUVA featured as a free Breakout play for June 13th when it traded at $16.85. The stock ran to $20.50 before entering its current consolidation; now providing a second chance to buy, or add to a current position.
JPM: Zoomed from $33 to $39 in short order but has encountered supply issues at $39. Break of $39 could set this flying again. One to watch.
NUVA: Working its way through a new base after an initial run to $20.50. Holding the 50-day MA nicely. A good stock to dollar-cost-average.
AZN: Some nice volume traded when the stock bounced around $45. The right-hand-side of a new base to $49 is taking shape. Investment quality (i.e. buy to hold).
BCM: Sneaked through but relatively illiquid. The August breakdown gap has closed and this could go either way. Although it popped up on the scan it doesn't look too attractive as a long side play here. I would have more confidence if it broke $67 resistance.
AVT: Relief bounce or something more? Pushed through 50-day MA after an earlier positive test of the 200-day MA. Pullbacks to $23.50 best entry here.
SRE: Low key base taking shape. A move past $44.50 will put this back on everyone's radar screens. A chance to beat the crowd here. Beautifully steady advance on the weekly chart.
OMC: Building pressure on $86 resistance. July 06 calls $85 strike trading $6.30 from the ask look tempting here.
WCN: Dipped below its 200-day MA, but holding above it 50-day MA which puts it in neutral territory. Looks to be consolidating an earlier break of $34.50 which if true makes current prices attractive. Stops on a loss of $34.50.
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JPM: Zoomed from $33 to $39 in short order but has encountered supply issues at $39. Break of $39 could set this flying again. One to watch.
NUVA: Working its way through a new base after an initial run to $20.50. Holding the 50-day MA nicely. A good stock to dollar-cost-average.
AZN: Some nice volume traded when the stock bounced around $45. The right-hand-side of a new base to $49 is taking shape. Investment quality (i.e. buy to hold).
BCM: Sneaked through but relatively illiquid. The August breakdown gap has closed and this could go either way. Although it popped up on the scan it doesn't look too attractive as a long side play here. I would have more confidence if it broke $67 resistance.
AVT: Relief bounce or something more? Pushed through 50-day MA after an earlier positive test of the 200-day MA. Pullbacks to $23.50 best entry here.
SRE: Low key base taking shape. A move past $44.50 will put this back on everyone's radar screens. A chance to beat the crowd here. Beautifully steady advance on the weekly chart.
OMC: Building pressure on $86 resistance. July 06 calls $85 strike trading $6.30 from the ask look tempting here.
WCN: Dipped below its 200-day MA, but holding above it 50-day MA which puts it in neutral territory. Looks to be consolidating an earlier break of $34.50 which if true makes current prices attractive. Stops on a loss of $34.50.
If you would like to try the software yourself, follow this link for a free 7-day trial
