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Watchlist Report: Stocks Breaking Out Into New Stage 2 Advances

Published 02/26/2015, 12:51 AM
Updated 07/09/2023, 06:31 AM

Here's a new Watchlist with new additions to the list. The goal of this list is to identify stocks breaking out into new Stage 2 advances, which is an ideal time to purchase a stock that is getting ready to make a major move. The list will be pruned over time by removing stocks that have already made major runs, or removing stocks that breakdown into Stage 4 declines. The list will include names in Stage 4 declines that are possibly getting close to ending as well.

I entered into a position in Angie's List (NASDAQ:ANGI), which is still technically in a Stage 4 decline, but it is close to breaking above its 30-week moving average. ANGI had a breakaway gap on monster volume after earnings, and it's likely that gap could end its Stage 4 decline, which is why I took a position. ANGI also has a large short position against it which could provide fuel for a new advance.

Of the names currently on the Watchlist I also like Chegg Inc (NYSE:CHGG). It has a nice year-long base and broke out recently on big volume into a Stage 2.

Stage Analysis: Watchlist Report

TickerStageWeeksLinks
FSLR11D W F Y G
SPWR11D W F Y G
RNF12D W F Y G
TWTR13D W F Y G
AMKR13D W F Y G
ROSG14D W F Y G
BBRY21D W F Y G
CHGG21D W F Y G
TILE21D W F Y G
CLRX21D W F Y G
GT22D W F Y G
RNG23D W F Y G
ANTH23D W F Y G
FEYE23D W F Y G
ARIA23D W F Y G
SPLK23D W F Y G
GENE24D W F Y G
SUNE24D W F Y G
MVNR24D W F Y G
AMZN24D W F Y G
PPO24D W F Y G
MCHP25D W F Y G
RGLD26D W F Y G
DNA.TO26D W F Y G
SCIF27D W F Y G
CUBI27D W F Y G
MRVL210D W F Y G
OPK210D W F Y G
SLAB211D W F Y G
ARRY211D W F Y G
HASI211D W F Y G
RUBI211D W F Y G
CLDX212D W F Y G
SIMO213D W F Y G
POT213D W F Y G
DE213D W F Y G
AVG213D W F Y G
CODE215D W F Y G
SLGN215D W F Y G
TNA215D W F Y G
PAYC215D W F Y G
TSEM216D W F Y G
UWM216D W F Y G
PLCM216D W F Y G
EBIX216D W F Y G
FLTX216D W F Y G
TNK217D W F Y G
NXPI218D W F Y G
SJM218D W F Y G
IPGP218D W F Y G
APH218D W F Y G
AGU218D W F Y G
RGLS219D W F Y G
MTSN224D W F Y G
TNAV226D W F Y G
INFN228D W F Y G
DEPO228D W F Y G
KSS230D W F Y G
SWIR230D W F Y G
AMBA237D W F Y G
PTLA237D W F Y G
BPY242D W F Y G
MOH244D W F Y G
EXR258D W F Y G
CVTI275D W F Y G
MU37D W F Y G
AUQ42D W F Y G
SGNL46D W F Y G
STLD47D W F Y G
BNFT47D W F Y G
X49D W F Y G
PLM421D W F Y G
TGD423D W F Y G
WYNN425D W F Y G
LVS429D W F Y G
URG441D W F Y G
ANGI454D W F Y G
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Stage 1Stage 2Stage 3Stage 4
7.8%76.7%1.3%14.3%

Stage Transitions: Watchlist Report

TickerFromToLinks
FSLR41D W F Y G
SPWR41D W F Y G
BBRY32D W F Y G
CHGG42D W F Y G
TILE12D W F Y G
CLRX12D W F Y G

FSLR WeeklyRNF WeeklyAMKR_WeeklyBBRY WeeklyTILE_WeeklyGT WeeklyANTH_WeeklyARIA_WeeklyGENE_WeeklyMVNR_WeeklyPPO_WeeklyRGLD WeeklySCIF WeeklyMRVL WeeklySLAB WeeklyHASI WeeklyCLDX WeeklyPOT WeeklyAVG WeeklyCODE WeeklySLGN WeeklyTNA WeeklyPAYC WeeklyTSEM WeeklyUWM WeeklyPLCM WeeklyFLTX WeeklyTNK WeeklySJM WeeklyAPH WeeklyRGLS WeeklyTNAV WeeklyDEPO WeeklySWIR WeeklyPTLA WeeklyMOH WeeklyCVTI WeeklyAUQ WeeklySTLD WeeklyX WeeklyTGD WeeklyLVS WeeklyANGI Weekly

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