Blog – Page 6

Orion Engineered Carbns – OEC

2018-07-22

I had been watching this stock from last quarter and I think the time is right for a pop. I’m watching the MACD cross over. The current stock price is at $32.30

-5% stop loss: $30.89
+20% gain: $38.76

Here are the IBD Rankings on the Friday edition of IBD Weekly VOL. 35, No.16 Week of July 23, 2018

IBD Rankings today
Composite Rating: 96
EPS Rating: 88
RS Rating: 87
Group RS Rating: B
SMR Rating: A
Acc/Dis Rating: B
ROE: 126.2
Debt: 0%
Outstanding Shares: 59.3m

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts

1 year daily chart from bigcharts. I use a 3 tier 50 day EMA. What I’m looking for is a cross over for the shorter term over the long term. The 50 EMA should be a level for institutional support

The 3 Month Daily has the MACD and histogram crossing the zero line|
3 Month Daily from StockCharts.com

3 Month Daily from StockCharts.com

2018-07-23

My order got filled at $32.35 at the open. This slightly adjust my numbers:
-5% stop loss: $30.73
+20% gain: $38.82

2018-09-05

I closed this position to protect a profit. This was trading well and I was up approximately 10%, but things changed I had expected it to clear the resistance at $36. It didn’t…

I had checked this and realized that I should be further ahead then where it was trading. I knew something was wrong and I sold

Opened position at: $32.35
Closed position at: $33.05
+ $70 or +2.2%

I will still be watching this company, but the timing is not right now. Here is the 3 month daily from Stockcharts.com

OEC 3 Month Daily from Stockchatrts 2018-09-05

Five9 Inc – FIVN

2018-07-23I had been watching this stock for a while. I had bought and sold this for a short term gain. I did not have the time to share this with you, but this is how it went

FIVN 100 32.81 Buy 05/22/18
FIVN 100 37.97 Sell 06/18/18

I have kept this on my watch list and I placed an order to buy at the open. I know that my execution is not going to be great, but I think that the random entry would still be profitable

Friday’s closed at $35.18
-5% stop = $33.42
20% Target = $42.22

Here are the IBD Rankings on the Friday edition of IBD Weekly VOL. 35, No.16 Week of July 23, 2018

IBD Rankings today
Composite Rating: 96
EPS Rating: 77
RS Rating: 93
Group RS Rating: A+
SMR Rating: B
Acc/Dis Rating: D+
ROE: 16.2
Debt: 85%
Outstanding Shares: 57.7m

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts

FIVN 2017-07-20 5 Year Monthly Bigcharts

1 year daily chart from bigcharts. I use a 3 tier 50 day EMA. What I’m looking for is a cross over for the shorter term over the long term. The 50 EMA should be a level for institutional support

With the 3 month daily I’m looking for a MACD and the MACD Histogram crossing the zero line

Now for StockCharts

I’m looking for the MACD cross over pop. If I’m wrong cut your losses

2018-07-24

I got filled at the open at $35.39 and my adjusted numbers are:
-5% stop = $33.62
20% Target = $42.47

2018-07-27

I sold Friday and closed out my postition, because the stock dropped and feel that it will hit my stop. My order got filled at $34.33 and I had a loss of $106 not counting commissions

Zto Express Ads Cl A – ZTO

2018-07-20

I closed out the position yesterday, because I was sitting on a 4%+ gain yesterday and I checked the stock…

I was sitting on at -2% loss! I had expected that there would be a sell off, but not a drop that would drop to my cost point. My reading the chart and volume that there should be support at my cost level. The fact it touched it told me that something was wrong.

So, I sold at a -1% loss. I walked away, but this is still on my watch list

Here is the 3 month chart from Stockcharts.com

ZTO 3 Month Daily Chart 2018-07-20 Stockcharts

2018-07-13

This company came to my my attention being featured in the Investor’s Business Daily VOL 35 N.O. 10 Week of June 11, 2018 in IPO Leaders. I started watching it and thought the timing was right. I bought in the first hour of trading and I got filled at $20.84

IBD Rankings today
Composite Rating: 97
EPS Rating: 98
RS Rating: 90
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: c
ROE: 15.8%
Debt: 0%
Outstanding Shares: 721.3m

5 year Monthly chart from bigcharts.com

1 year daily chart from bigcharts.com

ZTO 5 Year Monthy from Bigcharts 2018-07-13

1 Year Daily Chart from Stockcharts.com

ZTO 1 Year Daily from Bigcharts 2018-07-13

3 Month Daily Chart from Stockcharts.com

ZTO 3 Month Daily from Bigcharts 2018-07-13

3 Month Daily Chart from Stockcharts.com

ZTO 3 Month Daily from Stockcharts 2018-07-13

B O F I Holding Inc – BOFI

2018-08-08

I held the position until they posted earnings and it wasn’t good. The position started to move against me early. I had watch the position deteriorate with the idea that a positive earnings announcement would rescue the trade. It didn’t happen…

This morning I placed a market order to Sell to Close after it gaped down. I had previously held it open and that was an error. For me, it’s better to close out a losing trade and move on instead of devoting more time to it.

The idea was to let it expire worthless instead of paying to close this out, but the reality I lost the money and my time was better served by moving on

Here is the 3 month chart from Stockcharts

BOFI 3 Month Daily from Stockcharts 2018-08-08

2018-07-10

This has been on my watch list for quite some time and believe this is now an opportunity. PSAR flipped below and MACD about to cross zero. They will be posting earnings 07/28 and there are 38 days left in the Aug 17, 2018 call

I bought the OTM call $45.00. My order got filled at 1.25
Open Interest: 234
Implied Volatility: 35.85
Delta: .3242

The IBD Rankings
Composite Rating: 96
EPS Rating: 91
RS Rating: 91
Group RS Rating: B+
SMR Rating: A
Acc/Dis Rating: B-
ROE: 17.8%
Debt: 83%
Outstanding Shares: 62.6m
Next Earnings Announcement: 07/28/18

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts

BOFI 2018-07-10 Bigcharts 5 Year Monthly Chart

1 year daily chart from bigcharts

BOFI 2018-07-10 Bigcharts 1 Year Daily Chart

3 month daily chart from bigcharts

BOFI 2018-07-10 Bigcharts 3 Month Daily Chart

3 month daily from stockcharts

BOFI 2018-07-09 3 Month Daily Stockcharts

Integrated Device Tech – IDTI 2018-07-08

Integrated Device Tech – IDTI

2018-07-18

I sold today, because the stock has been gaining on light volume and believe that it is near a short term top. I got filled at $35.24

Here is a 3 month chart from Stockcharts

IDTI 2018-07-18 3 Month Daily from Stockcharts

2018-07-09

My order got filled in the morning at $33.86
Cost Basis: $33.86
-5% Stop: $32.17
+20% Target: $39.43

Today it had a decent gain +1.19%, but on very light volume 39%. This is not a good sign, because it doesn’t have much conviction. Read about Acc/Disc.

2018-07-08

This stock came to my attention last quarter and was on my watch list. It was featured in this week’s Investor’s Business Daily Vol 35 N.O. 14 For the Week of July 9, 2018. This was #49 of the IBD50 and Friday’s Close was $33.63. I plan on making a market order to get filled

Cost Basis: $33.63
-5% Stop: $31.95
+20% Target: $40.36

The IBD Rankings
Composite Rating: 93
EPS Rating: 92
RS Rating: 80
Group RS Rating: C
SMR Rating: A
Acc/Dis Rating: B-
ROE: 30.2%
Debt: 76%
Outstanding Shares: 129.3m
Next Earnings Announcement: 07/30/18

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts

IDTI 2018-07-06 5 Year Monthly Bigcharts

IDTI 2018-07-06 3 Month Daily Stockcharts

Roku Inc Cl A – ROKU 2018-07-06

Roku Inc Cl A – ROKU

2018-07-24

I closed out my position today, because I had at one point a 10% gain and that mostly evaporated today. I got filled at $46.86 and I still had a slight gain. There are only a few days left till they post earnings and don’t feel that the stock should be trading like this. I had expected a loss, but not in this percentage

3 Month Daily Chart from Stockcharts

ROKU 3 Month Daily from Stockcharts 2018-07-24

2018-07-06

I have been watching this company from the first IPO. The chart looked like it was setting up for a break out at $40. On 2018-06-07 the stock was at 39.57 . The I bought a slightly out of the money call $40.00 with 42 days left. I got filled the next day. Check out Option Pricing for a definition of OTM, ATM, and ITM.

2018-06-08 Buy to Open 1 ROKU Jul 20 2018 40.0 Call @ 2.9
2018-06-25 Sell to Close 1 ROKU Jul 20 2018 40.0 Call @ 5.4

Closed position including commissions: 532.32
Cost including commissions: -297.67
Total Profit: 234.65

I have continued to watch this company and I decided to purchase the stock outright instead of an option. I got filled
2018-07-06 Buy 100 ROKU @ 45.3

Cost Basis: $45.30
-5% Stop: $4304
+20% Target: $54.36

The IBD Rankings
Composite Rating: 70
EPS Rating: 51
RS Rating: 96
Group RS Rating: B
SMR Rating: N/A
Acc/Dis Rating: A-
ROE: 0
Debt: 0
Outstanding Shares: 48.9m
Next Earnings Announcement: 07/28/18

The rankings are not the CANSLIM and I would normally pass on this opportunity. I think this company has a good product and is well placed in the shift away from cable TV.

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts

1 year from Bigcharts

ROKU 1 Year Daily from Bigcharts 2018-07-07

3 month daily from Bigcharts

3 month daily from Stockcharts

Bonanza Creek Energy Inc – BCEI 2018-06-26

Bonanza Creek Energy Inc
BCEI
2018-06-26

This was listed in the IBD Stocks on the Move today. I placed a limit order to Buy to Open 1 contract of BCEI Jul 20 2018 35 Call at 1.40. I have 24 days for the stock price to be above $36.40 to make a profit

IBD Rankings today
Composite Rating: 92
EPS Rating: 77
RS Rating: 83
Group RS Rating: A+
SMR Rating: D
Acc/Dis Rating: A
ROE: 8%
Debt: 0%
Outstanding Shares: 20.5m

3 Month Daily Chart from Stockcharts.com

2018-06-27
My order was not fulfilled and the stock gaped up and I cancelled the order. Trying again another day

Viper Energy Partners Lp – VNOM 2018-06-25

Viper Energy Partners Lp
VNOM

2018-07-03

I sold today and got filled at $32.90. It wasn’t at my 20% target wasn’t hit, but I didn’t like the chart. It had a steady climb on light volume and I wanted to lighten up. Oil is close to $75 a barrel and has given the stock a reason to rise. I don’t have a firm conviction in the uptrend and figured this was a good time to sell. I am currently looking for another opportunity

Stockcharts.com 3 Month Daily

VNOM 3 Month Daily 2018-07-03 Stockcharts

2018-06-25

This had appeared again in this week’s IBD50 Vol 35 N.O. 12. I bought this again this morning. See the post VNOM 2018-03-20

What had caught my attention is the cross over of the 8 Day EMA over the 65 Day EMA. Also MACDH looked like it is crossing over the zero line

Cost Basis: $29.38
-5% Stop: $27.91
+20% Target: $35.26

IBD Rankings today
Composite Rating: 99
EPS Rating: 98
RS Rating: 94
Group RS Rating: A
SMR Rating: A
Acc/Dis Rating: C+
ROE: 15.7
Debt: 10%
Outstanding Shares: 113.9m

Here is the 3 Month Daily Chart from StockCharts.com

VNOM 3 Month Daily Chart StockCharts.com 2018-06-25

Sendgrid Inc – SEND 2018-06-15

Sendgrid Inc – SEND
2018-06-15

I had been stopped out of my position in Wildhorse Resource WRD. Then it broke down further and the stop kept the losses small. Having more cash available I was looking for another opportunity

I got filled today at $28.65
5% stop loss $27.22
20% gain $34.38

IBD Rankings at this time
Composite Rating: 96
EPS Rating: 80
RS Rating: 88

5 yr monthly chart from bigcharts

1 yr weekly chart from bigcharts

3 month daily chart from bigcharts

3 month chart from stockcharts

SEND 2018-06-15 3 Month Daily Stockcharts

2018-06-23

I have been stopped out of the position. I was wrong and it closed below my stop level. I believe that the bullish sentiment has been spent and I am contemplating buying a put to recap the losses

SEND 2018-06-22 3 Month Daily Stockcharts

At Home Group Inc – HOME 2018-06-07

At Home Group Inc – HOME
2018-06-07

I started watching this one on 2018-05-07, because it was featured in Investor’s Business Daily – IBD Weekly VOL 35 N.O 35 New America

I had sold Viper Energy VNOM and now have cash free for another opportunity.

I am looking to Buy 100 shares HOME around today’s close $36.75

IBD Rankings today
Composite Rating: 97
EPS Rating: 93
RS Rating: 91
Group RS Rating: C
SMR Rating: A
Acc/Dis Rating: B
ROE: 10.7
Debt: 49%
Outstanding Shares: 61.6m

5 year Monthly Chart from Bigcharts

1 Year Daily from Bigcharts

3 Month Daily from Bigcharts

3 Month Daily from Stockcharts

2018-07-12

I closed out of the position today, because I didn’t like the way it was trading. Yesterday Goldman Sachs posted a report that said that China tariffs would hurt At Home. I was sitting on about 10% profit and it plunged on the news and I had a -2% loss midday. It recovered, but I felt that something was really wrong with the market. Normally there is not a 12% in the price of this company.

Here is the 3 month chart from stockcharts.com

HOME 3 Month Daily from Stockcharts 2018-07-12

I still will be watching this company for some time, because I like the story of the stock and think that it could be a long term play later

2018-08-29

I bought 1 OTM $40 Call with September 21, 2018 Expiration. It is a few weeks until the report earnings and the chart has been shaping up as it is approaching

I place a Limit order at $1.20 during the morning and the stock was at $37.12. The stock started the morning up and I was not filled right away. The stock must have drifted down some in the afternoon or a market maker wanted my money to take the other side and I got filled

Here is the 3 month chart from stockcharts.com

HOME - 3 Month Daily from Stockcharts 2018-08-29 — HOME – 3 Month Daily from Stockcharts 2018-08-29

2018-09-23

This option expired worthless and I lost the whole amount. This one I had bought the option within the earnings date and was expecting a good bounce, but…

That didn’t happen and the down move wiped out the value. It never recovered

Feeling kinda aggravated with option buying set up. I was buying a call 2-3 weeks ahead of an earnings announcement. Here’s the rub – the company adjusted the reporting date. When that it hit the stock broke down and wiped out all value on option. Drat

HOME - 3 Month Daily from Stockcharts 2018-09-23 — HOME – 3 Month Daily from Stockcharts 2018-09-23

This is a numbers game strategy and I’m having trouble with that style

Orion Engineered Carbns – OEC

2018-07-22

2018-07-23

2018-09-05

Five9 Inc – FIVN

2018-07-24

2018-07-27

Zto Express Ads Cl A – ZTO

2018-07-20

2018-07-13

B O F I Holding Inc – BOFI

2018-08-08

2018-07-10

Integrated Device Tech – IDTI

2018-07-18

2018-07-09

Roku Inc Cl A – ROKU

2018-07-24

2018-07-06

Bonanza Creek Energy Inc BCEI 2018-06-26

Viper Energy Partners Lp VNOM

2018-07-03

2018-06-25

Sendgrid Inc – SEND 2018-06-15

2018-06-23

At Home Group Inc – HOME 2018-06-07

2018-07-12

2018-08-29

2018-09-23

Bonanza Creek Energy Inc
BCEI
2018-06-26

Viper Energy Partners Lp
VNOM

Sendgrid Inc – SEND
2018-06-15

At Home Group Inc – HOME
2018-06-07