Updated: Jul 1, 2019
Welcome to our free weekly watch list from The Traders Path. These are names that we like to monitor all week that in some cases may give us multiple entry points. We go through each of the names in detail below with charts.
KTOS is the first name that we like this week. KTOS made a strong move in May and has been consolidating nicely around its sma20 and is setting up for a breakout over the $23 level. There are two ways this could be played. Option #1 is to look for a breakout with volume coming in on 5 minute chart on a break of $23 for a riskier but likely much quicker trade if it works. The second option is to wait for a pullback to or just below the sma20 and then pick it up at a lower price level for a move back to the 23 resistance. Here is the chart with key levels marked:
BLD is the second name on this week's list. This has a beautiful TTM Squeeze setting up on the daily and is another name that is consolidating around its sma20. Ideally I would like to pick this one up off a test and hold of the sma20 level right around $80. We will also be watching for continued decreasing yellow momentum bars on the TTM Squeeze indicator or ideally a move to light blue momentum bars.
CPRI is a nice reversal setup that we will be watching this week. It seems to have created a nice base, but its struggling to get up through the 35 level. One a nice break of 35, this has room to push up to 36.50 where there is a nice gap above. It also has a nice TTM Squeeze on the daily chart as well as the 195 min chart.
SEAS is a name that I will be watching for a pullback to the sma20 area around $30. With any of these names that we are looking to pick up on a pullback it is very important to note that we don't want to enter the trade on the way down. We want to see it pull to and hold support and start moving back up for entry. Here is the chart:
GDI is in a nice tight coil with a beautiful TTM Squeeze on the daily. It has been consolidating around its sma20 and above its sma50 and its looking ready to make a bigger move soon. Ideally we would like to get an entry around the sma20 at $34, but we would also be open to potentially playing this on a push over $35 with volume.
ACHC is in a TTM Squeeze and is consolidating over its sma20. We like this name on a pullback to the sma 20 for a move up to some resistance at 35.22 If it can get over that resistance there is a lot of room to the upside with no real resistance until the $39 area. We would also consider entering this trade on a break of that 35.22 resistance with volume.
ARMK had a pullback and clean bounce of the sma200 and nice move over the sma20. It also has a very nice TTM Squeeze setup. We are looking for a breakout of the short term double top area around 36.25 for a move to $38 and ultimately $40 area
FL is a name that has been building a base just above the $40 level and setting up for a potential reversal. It also has a nice TTM Squeeze on the daily and a gap above. We would be looking for entry between $42 and 42.50 for a move to 44 or higher.
We will be monitoring the above names all week for potential entries and hopefully we see some nice trades setup. If you have any questions about the list or any of the setups feel free to contact us at firstname.lastname@example.org or email@example.com