Sunday, May 25, 2014

25th May - Swing Charts

Hey guys, here's a few interesting charts I found. These could make for very good swing trades if the markets keep heading higher - as these are mostly long setups. Good luck to everyone

1) Hawaiian Holdings ($HA) - {Breakout Play}
Very strong overall chart, nearing a break out at key $15 resistance.
Risk: $14.32 (4%)
Reward: $15.00 +

2) American Airlines Group ($AAL) - {Breakout Play}

Strong overall bullish chart. Has been making higher lows. Notice how it maintains $39.00 area in spite of lower volume $40.00 could be key. Risk is higher low
Risk: $37.76 (3.5%) 
Reward: $40.00 +

3) Cemax S.A.B ($CX) - {Breakout Play}


Strong overall chart. Has been making higher lows so should make for good risk/reward
Risk: $12.50 (2.8%)
Reward: $13.00 +

4) Thompson Creek Metals Company ($TC) - {Breakout Play}
Has been making higher lows. Very unlikely that it would break $3.00, but could at least reach it if volume keeps up. Higher percentage risk. Should actually be higher based on where support is, so be careful with size on this one
Risk: $2.72 (5.5%)
Reward: $3.00 

5) CYS Investments ($CYS) - {Breakout Play}
Looks to be squeezing higher. Has been making higher lows.
Risk: $8.80 (2.7%)
Reward: $9.50 

6) Veeva Systems ($VEEV) - {Squeeze Play}
Has a short interest of 23.66% and seems to be bottoming out. Would have loved to see it report good news at some point, but this break out above $20 could start to scare shorts. Lower priority for me, but would be watching.

7) Trulia Inc. ($TRLA) - {Squeeze Play}
Similar idea as $VEEV above. Has very high short interest - 41.43%. Would have loved to seen it report to good news to scare some shorties. Could get interesting if it breaks $40 but lower priority for me right now. 

8) Walter Investment Management Corp. ($WAC)  - {Squeeze Play}

Short interest is 20.25%. Had a nice run after reporting earnings on May 8th. Watching to see how it acts around $30.00


Good luck to every one this week. Signed The Rock Trader

You can follow me on twitter HERE - @rock_alerts

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