The market gave us a little bit of pullback yesterday, but it ended up just being an inside day where the SPY held the ema8 on the daily after testing it a couple of times. This morning the major indices are up in the premarket and we are likely looking at a gap up open. I will be very patient at the open to see how the market settles in as we remain in an area where the market may trade in a tight choppy range. In my scans for today, I am not seeing a lot of great setups, but I did turn up a few interesting names:
ATEC broke out over a key resistance level on volume yesterday and has a nice TTM Squeeze on the daily. I like this over 5.24 for a move to 5.75 or higher.
CHWY is a recent IPO and these have been hot lately. I like this over 33.85 for a move to $35 or higher.
DIS pulled off recent highs and consolidated under the sma20 before reclaiming it yesterday. I like this over 143.25 for a move to $145 or higher.
PINS is a name I have been watching all week with a nice TTM on the daily chart. I like this over $28 for a move towards $30
If you have any questions feel free to email me at firstname.lastname@example.org and trade green!