Stock Swing Trades to keep an eye on, based on strong trending movement and the price finding support after a pullback. Stocks mentioned: OLED, WTW, CENX, MMSI, RNG, LL, TNET, SAP.TO, MTY.TO and BYD.UN.TO
Universal Display (OLED): The price has already moved up from the entry, and earnings are on Nov. 2.
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Weight Watchers International (WTW): The price has already moved up from the entry, and earnings are on Nov. 2.
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I have also been trying to publish more Canadian stock swing trades for the Canadian readers.
Saputo (SAP.TO)(SAPIF): Price has moved up from the entry point. I liked this one because we had a rather large pullback in the long-term uptrend, but since July the price has started to push higher again. Bought one of the consolidation breakouts once the price started that upward push.
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Boyd Group (BYD.UN.TO)(BFGIF): Price has moved up from the entry point. This trade is slightly different in that I waited for a breakout from a triangle pattern. In this case, I didn’t mind doing that because the long-term trend is up, and the triangle was getting quite narrow, so even buying on the breakout resulted in a respectable reward-to-risk with the target up near the former high.
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MTY Food (MTY.TO)(MTYFF): This has not hit the entry price yet. I like the rounded bottom which has formed following a pullback through most of 2017. Note that this is a 3-day chart (each bar represents 3 days).
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Back to US stocks. Century Aluminum (CENX), Merit Medical Systems (MMSI), RingCentral (RNG), Trinet Group (TNET) and Lumber Liquidators (LL) also have trade setups that could trigger soon. BUT, they also have earnings in the next few days. Wait until after earnings to see if there is still a valid trade.
