
HSR took a little while to get going, but it closed up more than 9% today. It just broke out of a cup-and-handle, and has a few more indicators screaming "buy." 1. The MACD crossed over while above the zero line. 2. The stochastic indicator just came back out of oversold territory. 3. The accumulation/distribution ratio (A/D) is increasing. That means the stock is still within buying range up to $12.70, or 5% above the previous high in the "handle" which is $12.10. Those are the IBD rules.
NTGR tacked on another 2.5% to close above $29.00. It is now out of buying territory for me.
HOLX and WW seem to be consolidating now. I was hoping they were going to make the move much like NSTC has. NSTC is up 2.5% from my original buying point and still has good trading volume coming back into it.
I think TAM is going to use its 50 day moving average as support and hopefully bounce back up. If it jumps back above $32.75 in high trading volume, count me in.
PLAN: Buy HSR up to $12.70. Buy TAM if breaks above $32.75 in high trading volume.
Good luck trading. JD
38631529 Sell, 38628670 Sell (Secret codes for me)
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