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Sep 21

Stocks To Watch

Potential stock positions can come to my attention in a variety of ways; whether it’s technical screens, social media, or simply reading the paper. How it comes to my attention isn’t important, regardless of what someone else’s angle might be for a position, it’s only of interest to me if it meets my criteria for trend and risk.

There are many stocks that can meet those measures and we just can’t have them all, so there will often be ones we miss or have to pass up for more favorable opportunities. If we were to have any new positions this week there’s a good chance they’d come from this list. Here are 10 of the best setups:-

Ameriprise ($AMP)

AlphaCapture

 

Energy Partners Ltd ($EPL)

AlphaCapture

 

Lithia Motors ($LAD)

AlphaCapture

 

Netease ($NTES)

AlphaCapture

 

Nu Skin Enterprises ($NUS)

AlphaCapture

 

O’Reilly Auto ($ORLY)

AlphaCapture

 

Priceline ($PCLN)

AlphaCapture

 

Portfolio Recovery ($PRAA)

AlphaCapture

 

Sanmina-SCI ($SANM)

AlphaCapture

 

Tractor Supply ($TSCO)

AlphaCapture

 

 

 

 

6 comments

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  1. John Kelley

    I’m amazed at the run LAD has had. I remember reviewing the stock sub $20 and thinking this would be a good bet. I don’t have an actionable process/sequence for making buying decisions and that’s why I am here checking out your site per @chicagosean’s suggestions.

    1. Jon Boorman

      Thanks John, there are many like that, you never know where you are in these trends, and names that look ‘overbought’ can stay that way a long time. That ‘overbought’ level can later look like a great entry. People find it difficult to buy new highs but we’ve had some spectacular examples of when it’s paid well. When we caught $QIHU in mid-June it had just risen 50% in 2 months. It then went up another 50% in the following two months. We’ve still got it, now up nearly 100% since our entry. It’s been the best one this year.

  2. Gaurav S

    Hi Jon, Does the dotted line on your chart represents potential stop loss.

    1. Jon Boorman

      Previous swing low (close), yes it can be used as a stop. In some cases, like $NTES, a more generous level might be more appropriate.

  3. Brian

    Recently introduced to your blog. Love it! I’m am definitely a novice, but really have a passion for this type of thing. Been reading everything that I can get my hands on (especially Van Tharp’s material)! Couple of questions I thought you might be able to help with… 1) What charting system do you use for your trades 2) What indicators to you use to find stocks like these that are showing signs of good trends;

    Any other type of information would be great. Thanks for sharing Jon!

    1. Jon Boorman

      Thank you Brian, glad you like it. I use Genesis Trade Navigator for my charting, and I tend to look at basic trend filters like all time highs, 52-week highs, 50-day highs, stocks emerging from consolidation periods within longer-term uptrends. You can also use measures like ADX to quantify trend strength, or efficiency ratios like Kaufman’s. Anything that helps identify strong efficient uptrends. IBD is also often a good source for growth stocks that have strong fundamentals and also show good relative strength.

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