Breakout Anticipation setups for swing trading | stockbee

8/14/2013

Breakout Anticipation setups for swing trading




These stocks are setting up for possible breakout in next few days.

  1. regi
  2. mpel
  3. gnw
  4. kerx
  5. vnda
  6. bac
  7. cqb
  8. cog
  9. yge
  10. gm
  11. bpop

6 comments:

Rick J said...

What is the best approach for trading momentum stocks with a longer holding period (say 1-6 months)? i.e. position trading. Or is this inherently inferior to swing trading?

Pradeep Bonde said...

For longer term hold using momentum a larger consolidation pre breakout is required plus a early entry once momentum phase starts needs to be done.

Rick J said...

Thanks Pradeep,

So for buying look for a longer term basing period & get in early. Sounds logical.

What should be the catalyst(s) for closing such a trade (and taking profits) given you are not stopped out? This is where I struggle most. i.e. letting my profits run vs. staying too long at the party. Any help would be appreciated!

Pradeep Bonde said...

You can put a stop at 10 day moving average but once position is above say 20% plus in profit move to say 7 days MA and as profit increase look at moving stop to 2 day lows.

Reb Yanks said...

Hi Pradeep. What platform did you use to scan for these stocks?

Pradeep Bonde said...

TC2000