Trend Analysis

Trend Analysis – 3 Breakout Charts to Consider

Dr. Thomas Carr

I consider myself a “hybrid” trader-investor.  I like to hold a mix of longs and shorts.  I trade around core positions in my investments, and some of my best investments began as short-term trades.  I do both top-down and bottom-up fundamental analysis.  And I mix fundamentals with technicals to find the best entry and exit points.  In short, I like to have all my financial bases covered.

One of my favorite hybrid approaches to the markets is to start with a screen that filters out stocks trading over $7 per share, over 500,000 shares per day, and that show strong bottom-line growth and top-line value.  Oh, and they also need to be profitable, and trading at a steep discount to forward earnings multiples.  Running this scan typically gives me about ten stocks to focus on.  From there I do trend analysis, momentum analysis, and plot out price patterns and projections.  This usually helps me whittle the list down to just a few stocks worthy of trading and/or investing in.

This week my hybrid approach turned up three companies for your consideration.  If you want to trade any of these suggestions, I strongly recommend doing your own analysis and setting a reasonable stop-loss on each position to protect against any unforeseen change in investor sentiment.  See my analysis below.

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Tom
Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder and CEO of DrStoxx.com which publishes 4 market letters every week, in addition to offering trader education and coaching services. Dr. Carr holds a D.Phil. degree from the University of Oxford and a Masters from Princeton. For 17 years he was a tenured professor to undergraduate students. He currently is a fulltime trader, market analyst, trading systems developer, and trainer of traders. The management company he founded, Kingdom Capital, trades accounts for private clients.

Dr. Carr is author of three bestselling trading books including, Trend Trading for a Living (McGraw-Hill, 2007), which has sold over 50,000 copies, with translations in Chinese, Japanese and Korean. Dr. Carr’s insights into the markets have been published in The Wall Street Journal, US News and World Report, Investors Business Daily, and Technical Analysis of Stocks and Commodities.

Tom

Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder and CEO of DrStoxx.com which publishes 4 market letters every week, in addition to offering trader education and coaching services. Dr. Carr holds a D.Phil. degree from the University of Oxford and a Masters from Princeton. For 17 years he was a tenured professor to undergraduate students. He currently is a fulltime trader, market analyst, trading systems developer, and trainer of traders. The management company he founded, Kingdom Capital, trades accounts for private clients.Dr. Carr is author of three bestselling trading books including, Trend Trading for a Living (McGraw-Hill, 2007), which has sold over 50,000 copies, with translations in Chinese, Japanese and Korean. Dr. Carr’s insights into the markets have been published in The Wall Street Journal, US News and World Report, Investors Business Daily, and Technical Analysis of Stocks and Commodities.

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