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
Category Archives: Breakouts
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
Chart Of The Day: Live Deal Inc (LIVE) Perfect Setup
I’m hoping to do a few of these over the next few weeks to see if there is any interest. Many of the charts featured will be of bigger risk, much higher reward so don’t even consider betting the farm 🙂 I like to dabble in these kinds of swing trades with 2-5% of my portfolio, looking for a quick gain of 20 – 100% over the course of a few days to a couple … 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