Divergence Watchlist 12/25/2017

Just a quick update for you this week.

Here are a few more high quality trade setups to take you into the new year.  Click the chart to be taken to a live view of the trade setup.

Keep an eye out as I will be scanning for new divergence setups daily.

Enjoy the time away from the market and have a happy and safe end of the year!

2018 is going to be amazing.

Divergence Watchlist 12/25/2017: INCY, PODD, TILE, ACHN, SWKS, MDCO

INCY Chart 122417
Incyte (INCY) has stochastic divergence on a trend line at the breakout point of a falling wedge.
Buy: 96.91
Target: 99.38 – 103.38 (2.55% – 6.68%)
PODD Chart 122417
Insulet (PODD) coiling stochastic divergence, looking to break to new highs
Buy: 70.00
Target: 72.00 – 75.00 (2.86% – 7.14%)
TILE Chart 122417
Interface (TILE) has stochastic divergence on trend line support.
Buy: 24.55
Target: 25.05 – 25.85 (2.03% – 5.30%)
ACHN Chart 122417
Achillion Pharmaceuticals (ACHN) has stochastic divergence at the breakout point of a falling wedge on trend line support.
Buy: 3.00
Target: 3.20 – 3.51 (6.67% – 17%)
SWKS Chart 122417
Skyworks Solutions (SWKS) has double bottom stochastic divergence on a major support trend line. This was posted mid week and above you can see the hourly chart.  It looks ready to breakout through resistance and into the target zone.
Buy: 96.86
Target: 99.22 – 103.04 (2.44% – 6.38%)
MDCO Chart 122417
The Medicines Company (MDCO) has stochastic divergence on trend line support at the breakout point of a falling wedge. It put in a nice reversal candle right at trend line crossing and looks ready to turn. Get in on the way up. This one was also posted mid week. If you missed the 10% move on Thursday, you can still get in as this hourly chart seems to have room to run. Beware of a possible pennant consolidation before moving into/beyond the target zone.
Buy: 26.90
Target: 27.84 – 29.34 (3.49% – 9.07%)

 

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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.