$AMD
(Advanced Micro Devices, Inc.)
AMD has been one of the best trending swing style setups over the last couple of years. Every time this stock breaks out it puts in multiple green days. The exact pattern you want to trade if you can’t be at the computer every second of the day. Last week Intel announce less than stellar results and the money flow quickly moved to AMD.
Intel has had control of the market for years, the chart says its AMD’s turn.
$GNCA
(Genocea Biosciences Inc.)
Solid low priced earnings winner. As we move into the depths of earnings season these are the type of low priced setups you want to watch.
Cancer stocks are always hot, and when they announce good numbers plus breakout to multi-month highs, they are great red/green setups. Look for that type of move on $GNCA for early in the week.
$AUY & $HMY
(Yamana Gold Inc.) & (Harmony Gold Mining Co.)
A lot of uncertainty brewing with China again. Plus economic data has been worsening lately, add in interest rates continuing their march lower. The natural defense play is to go to Gold as a hedge and protection against worsening monetary policy.
A lot of breakouts in this sector but $AUY and $HMY are our top favorites in the lower-priced area.
AUY
HMY
$ASNA
(Ascena Retail Group Inc.)
If you have been watching trends Bankruptcy stocks have been hot! Keep in mind these plays are NEVER swing trades or long term holds. Don’t fall for the Robin Hood traders hype.
But when they trade crazy volume and follow the SteadyTrade Team Top 5 Favorite Patterns they can be some of the best and most consistent day trades.
Look for our favorite pattern on Monday “The Dip and Rip”.
