Here we go!
We have a big week ahead so let’s get right down to business.
Divergence Watchlist 11/06/2017: IMMU, ANDX, BB, CLVS, SGMO, LABU, NFLX
Immunomedics (IMMU) has set up for us once again. This is a nice divergence setup where you can see clear lower lows in the price and clear higher lows in the stochastic . Wait for a break above the recent highs and get in at/above 11.40. Buy: 11.40 Target: 11.64 – 12.18 (2.11% – 6.84%)
Andeavor Logistics (ANDX) has stochastic divergence and is converging with trend line support in a descending channel. Buy: 45.25 Target: 46.19 – 48.03 (2.08% – 6.14%)
BlackBerry (BB) has formed a cup and handle pattern with stochastic divergence. Buy: 11.20
Clovis Oncology (CLVS) has stochastic divergence at trend line support of an ascending channel. Looking to bounce back up in the channel. Buy: 74.11 Target: 76.43 – 80.40 (3.13% – 8.49%)
Sangamo Theraputics (SGMO) has stochastic divergence on channel line support. Look for this to turn up more before getting in. Buy: 12.66 Target: 13.50 – 14.86 (6.64% – 17.38%)
Direxion Daily S&P Biotech Bull 3X ETF (LABU) is on the channel line with stochastic divergence. Divergences have reacted well and I expect this one to pop a little more. Not posting a trade, I just like the sector this week.
Netflix (NFLX) is bullish. The hourly has multiple divergences. This is a buy at 201.10
ERX, ILMN, WDC, PCAR, TSRO, WES, MIC, CONE, AKCA
last week’s Divergence Watchlist.
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