#Ibdpartner
Summary
MarketSmith Creates an Edge
The stock market is bullish, and MarketSmith presents us with opportunities in stocks that are breaking out or near a breakout zone. Many recent breakouts were set up identical to the 10 stocks in the list below.
MarketSmith Stocks Near Pivots
MarketSmith has useful tools that help us prepare for these opportunities. On the main page, stocks “Near Pivot” are displayed for easy access to the information presented herein. Note 5 stocks broke out yesterday.
The Top 10 – MarketSmith Stocks Near Pivot
Take a few minutes to scan the stocks listed below. If they meet your investment objectives add them to your list.
Square (SQ) – Near a Buy Zone
Over the past few months, the Square (SQ) presented many opportunities for day trading and swing positions as it traces out a bullish path. At present, the stock is printing a handle very near the top of the cup. In addition, RS line is trending higher (97) suggesting a breakout is imminent. Estimates for 2018 are rising (+70%) – re: left panel.
If the stock breaks above it 58.46 pivot, we’ll receive an email alert at 58.48. Most likely price action will follow through if it breaks out of this cup and handle formation.
Set alerts for new entries and add to existing positions if the stock does what others have done in this situation. Market conditions are more bullish, leading us to believe Square (SQ) will be trading higher in the weeks ahead.
Join us for the daily broadcast on LIVESTREAM Business network during market hours. For more information:
Happy Trading,
Vinny
Try MarketSmith
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.