Divergence Watchlist 12/11/2017

Divergence Watchlist 12/11/2017: STZ, MSFT, V, BIDU, INTC, KMX, CHKP, ADI

STZ Chat 121017
Constellation Brands (STZ) Stochastic Divergence Channel Line Bounce
Buy: 218.22
Target: 221.65 – 227.20 (1.57% – 4.12%)
MSFT Chart 121017
Microsoft (MSFT) is set up for a bull flag breakout above the trend line . A measured move would bring up to the top of the target zone.
The stochastic is a textbook divergence with a higher low that has already turned back up.
Buy: 84.75
Target: 86.20 – 89.33 (1.71% – 5.40%)
V Chart 121017
Visa (V) has already moved off of the channel line and is poised to move on to the top of the channel.
Buy: 112.92
Target: 115.28 – 118.07 (2.09% – 4.56%)
BIDU Chart 121017
Baidu (BIDU) – We traded this last month for a profit and now it is set up again with stochastic divergence on the channel line. It is also in a falling wedge pattern.
Buy: 237.17
Target: 244.40 – 256.07 (3.05% – 7.97%)
INTC Chart 121017
Intel (INTC) – This is an update on the trade setup from last week’s watchlist. The entry was never hit and we still have a good setup here. The target is conservative, but we are looking for this one to move back up and into the channel.
Buy: 43.76
Target: 44.44 – 45.53 (1.55% – 4.04%)
KMX Chart 121017
CarMax (KMX) has stochastic divergence on the channel line.
Buy: 68.22
Target: 69.88 – 72.55 (2.43% – 6.35%)
CHKP Chart 121017
Check Point Software (CHKP) has stochastic divergence on the trend line.
Buy: 105.00
Target: 107.56 – 111.70 (2.44% – 6.38%)
ADI Chart 121017
Analog Devices (ADI) has stochastic divergence on the lower trend line
Buy: 86.04
Target: 87.56 – 90.02 (1.77% – 4.63%)

 

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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.