WEEK OF NOVEMBER 30, 2020
Ready-to-go setups
CRUS - Cirrus Logic, Inc.
Entry: above $78.17
Stop: $74.28
Consolidating under the April highs (purple line) with a rising 5-day MA and above the VWAPs from earnings & latest test of the April highs
200-day MA is starting to flatten out
CWH - Camping World Holdings, Inc.
Entry: above $32.00
Stop: $29.74 or $28.73
CWH broke its downtrend (purple line) after a bounce off the rising 200-day MA
Now consolidating above the rising 5-day MA, the 50-day MA and VWAP off the peak
CYH - Community Health Systems, Inc.
Entry: above $8.76
Stop: $8.06
Consolidating on lighter volume above the rising 20-day MA after a large earnings move
Buyers are still in control as CYH is holding above the VWAP from earnings, but needs to get above the VWAP off the peak to get going
EXPE - Expedia Group, Inc.
Entry: above $125.90
Stop: $119.65
Holding onto gains from positive COVID news from early November, consolidating on lighter volume after a large volume gap
200-day MA has begun to rise
GERN - Geron Corporation
Entry: $1.91
Stop: $1.76 or $1.68
GERN has ben forming a large wedge for most of the year and we’ve been experiencing an environment where many of these setups are breaking out
Holding above the rising 200-day MA
GDRX - GoodRx Holdings, Inc.
Entry: $39.97
Stop: $37.07
Initial Target: $44 - $45
GDRX gapped down on news that Amazon was would be disrupting the pharmacy industry and a direct competitor to GoodRX. This is likely an over reaction and could see the stock fill in the gap and make its way up to the IPO VWAP near $44
JKS - JinkoSolar Holding Co., Ltd.
Entry: $73.30-ish
Stop: $63.45
JKS had a huge run in September and October and has since retraced 50%. Its now looking like it can get going again — started to make a move last Friday
A valid entry could be getting above the 2-day VWAP near $73.30
SRCL - Stericycle, Inc.
Entry: $73.32
Stop: $69.25
SRCL broke above and is holding above multi-year highs (purple line)
Strong run with volume from earnings with a controlled pullback and consolidation at the 5-day MA
Still setting up
The following setups still need some time to develop, so entry and stop targets are areas of focus rather than exact levels
AAPL - Apple Inc.
Entry: $117.50-ish
Stop: $114.90 or $112.50
AAPL has been experiencing a tightening of its range over the past month and a half, holding the 50-day MA and VWAP off the peak
Still needs some time to setup and for the 5-day MA to flatten out before moving higher. The 5-day MA should start to flatten out by Tuesday afternoon
FUV - Arcimoto, Inc.
Entry: $15.05 / $15.65
Stop: $13.04
FUV experienced a massive move and has since retraced 50% of its move. Still needs time to setup, but watching for a continuation move. Good name to observe over the next week
WTRH - Waitr Holdings Inc.
Entry: $3.70
Stop: $3.20
WTRH has behaved well with a bounce off the 200-day and 50-day MAs
Starting to form a higher high and higher low on the daily chart
Needs to get back above the VWAP off the peak and 5-day MA to get going
WATCHLIST
ADI - Good consolidation. Could get going above $138.55
AQUA - In all-time-high territory. Watching the $27.31 level
BBBY - Nice move on earnings. Could get going above $22.80
BIDU - Looking for a small pullback to the 5-day MA before getting involved
BLMN - Watching for a move above $18.20
BLNK - Probably needs more time to consolidate and settle down, but watching the $29.80 level
BQ - Looking for a pullback to the $6 level before getting involved
CMCM - Watching for a move above the $2.11 level
DKNG - Recent entry was above $49. Looking for a pullback to $51 for a second entry
DOCU - Watching the $227 level
EAF - Keeping an eye on the $8.38 level
EXTR -Small consolidation, 200-day MA is flattening out, watching the $6.02 level
FB - Could get going above $280.18
GCP - Watching the $24.83 level
HWM - Made new all-time-highs recently. Watching $24.90 for continuation
LAC - Watching the $14.48 level
LSF - Wataching the $52 level
MDLZ - Looking for a move above $58.09
PZZA - Could be good above $84.50
RIDE - Watching the $28.37 level
RKT - Needs some time to setup, but watching the $21.50 level
SONO - Good move on earnings. Watching the $21.81 level for continuation
SUM - Testing the $20 level again
UAVS - Watching the $2.94 level
VERX - Could get going above $27
