Category Archives: Breakouts

General Steel (GSI) Big Breakout, Wait For Retrace

The play right now is in the metals space – gold, silver, industrial metals, mining, etc.  The steel sector as a whole isn’t doing real well right now, but what the heck steel it’s a metal and GSI is showing massive buy demand on a recent breakout.  Take a look at the chart below.  At the beginning of March General Steel (GSI) staged a massive 60% breakout move with extremely heavy volume and now needs … Read the rest

Biotech IPO Breakout – NanoString Technologies (NSTG)

Earlier today I mentioned that the small biotech/pharma plays have really been moving and while I typically stay away from these highly risky and volatile plays, they can provide for outstanding shorter term trades with smaller positions.  This morning I highlighted the trade in ENTA which staged a big breakout and just needs a retrace of that move to provide an entry.

Another trade I’ve got my eye on is NSTG which is flashing a … Read the rest

SodaStream (SODA) Breaking Out With Good Volume

A high quality breakout is taking place in shares of SodaStream International (SODA) this morning with good volume.  I don’t see any news on the stock at this time, but there may be an upgrade that I’m missing.  SodaStream is a company I first wrote about over at Self Investors not long after the IPO.  I liked the stock quite a bit then despite some question marks.  The question marks remain today as long term … Read the rest