Friday, July 31, 2015

Trade Ideas for Friday, July 31 $MPEL $EXTR $ETSY $ERII $QCOM $CNW $SONS

Melco PBL Entertainment

MPEL ---> This Gapper Candidate is poised to make a test to its Trend Line Resistance!! I´ll be watching closely for a possible break of it! If do that with decent volume, it can easily squeeze into its 200EMA, as it has 11.99% of short float!! The price looks well sustained, with its RSI moving up in its Buying Area, its MACD, which is curling up, and a Bullish ADX and Fast Stochastic Crossovers! Worth watching


Extreme Network, Inc.
EXTR ---> This stock broke above its 20EMA with decent volume and strong positive divergences on chart, showing lots of potential here!! The room to climb is nice and so, i´ll be watching for a possible squeeze toward its 50EMA!! Keep closely


Etsy Inc.
ETSY ---> Following my last Blog Post, Etsy corresponded in the fullness to my expectations!! Big Breakout to watch today over $23.44!


Energy Recovery Inc.
ERII ---> Interesting stock that came out on my screen yesterday!! It crossed above its 20EMA, and its 50EMA, it closed above all of them and near at High of Day, and yet, is about to break above its Trend Line Resistance!! Chart is displaying some strong positive divergences, showing that buyers are around, and i´ll watching closely for the breakout over $2.86!! With 13.79% of short float, it can make a nice squeeze toward its 200EMA!! Stay tuned


QUALCOMM Inc.
QCOM ---> Nice Bullish chart, Nice Momentum, and Gap Filled! Now, i´ll be watching for a break above its 50EMA! If do that with volume, it will stay well positioned tho make a nice breakout over $66.05 and consequent squeeze toward its 200EMA!! Worth watching


Con-Way Inc.
CNW ---> Now that it crossed above its 20EMA, its 50EMA and its Upper Bollinger Band Line, its 11.13% of short players can provide a nice squeeze toward its 200EMA!! Long Idea over $39.70


Sonus Netoworks, Inc.
SONS---> Today i´ll be watching for a possible breakout over $8.30, which can happen right at the open, once it closed the last trade session near of high of the Day, and if it make this break with high volume again, short players will certainly starting to cover their positions and so, we could get another strong squeeze!! The room to climb is big as well the Gap to be Filled!  Keep closely

Disclaimer

Here's a friendly reminder: all charts shared here are powerful tools based on major technical indicators. However, it's crucial to remember that stock suitability depends on your individual strategy. 🛠️ I must emphasize that good stock performance isn't solely determined by technical data. 💡 As always, trade cautiously, and I cannot be held responsible for any trade outcomes. Remember, I'm not a financial advisor.