Divergence Watchlist – 10/01/2017

As always, I will be posting additional charts in my feeds.

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DexCom:  Not much you can do about this one.  I still think it’s a good buy, but obviously it had a huge negative reaction to a competitor and dropped 35%.  Can’t win them all.

As for the rest of the stocks we were in, it was a great week!

DNKN continues to chop, but should move right up into the target zone when it breaks.

NAVI has been a very profitable trade.  I had high expectations going in and am very happy with the results so far. Took profits, going to keep watching.

WWE has hit the breakout point.  It isn’t a fast mover, but looking for it to get through the upper trend line this week.

I think we have a big week ahead in AMD.

Now on to the list. As always,  contact me on Twitter or StockTwits (@jbzstocks on both) if you have any questions, comments, or if you find any divergences!

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Divergence Watchlist 10/01/2017: STX, DISH, GRUB, VEEV, MSI, NUAN

STX Divergence Chart 100117
Seagate Technology (STX): There is divergence playing out on the daily, there is new divergence on the hourly, it is coming out of a downward channel and is currently coiling in a triangle pattern that is looking bullish . Looking for a move to the 200ma.
Buy: 33.50 – 34.00
Stop: 32.30
Target: 38.37 – 43.18
DISH Divergence Chart 100117
DISH Network (DISH): I like this one, but it can easily break down and go lower before turning up. I do like today’s candle so I’m putting it up for you. Just be cautious as the bottom could be another step down.
Buy: 53.60
Sell: 52.10
Target: 57.59 – 60.98
GRUB Divergence Chart 100117
GrubHub (GRUB): GRUB is looking to breakout of the ascending triangle pattern. Looking for this to move beyond the target at some point.
Buy: 52.75
Stop: 51.00
Target: 54.66 – 57.61 (3.62% – 9.21%)
Veeva Systems (VEEV): Quick falling wedge with stochastic divergence could play out nicely here.
Buy 56.97
Target: 58.71 – 61.53
MSI Divergence Chart 100117
Motorola Solutions (MSI): I called this one a little early previously. I think I’m just really excited, look at that coil! It has been coiling and now that the stochastic returned to oversold and has turned back up, it’s time to move.
Buy: 85.00
Stop: 83.50
Target: 87.02 – 89.59 (2.38% – 5.40%)
NUAN Divergence Chart 100117
Nuance Communication (NUAN): The reaction to a divergence that is about to bounce like this one could be strong and quick. The price diverged from the stochastic , bounced along the trend line and now the oscillator is oversold again. When this turns back up and moves, look for the price to blast off along with it. See NFLX.
Buy: 15.75
Stop: 15.37
Target: 16.79 – 17.66

Recap of Last Week’s Watchlist

Last week we had a great week of trading.

  • CTL: +1.94% started off strong, then flagged and pulled back a bit. Still active, still like this one.
  • MO: +1.46% started off strong, then flagged and pulled back a bit. Still active, still like it going forward.
  • LOGM: -0.77% fell for 4 days before finishing on a very high note, gaining 2.42% on Friday. It never hit the buy trigger and I’m keeping it active.  I think it crosses the buy zone and moves on up to the target.
  • SYF: +5.79% hit it’s target early last week and it looks to have more upside.

Check out last week’s Divergence Watchlist.

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Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Opinions, market data, and recommendations are subject to change at any time. It is important to do your own research and analysis before entering a trade. Any trade you make is at your own risk.