Since the last update on this list I’ve added $CVNA, $CURO, $SEND, and tomorrow I’ll be adding $CARB.
Overall, it’s been a good couple weeks for the stock market and many of the names on our list continue to work.
The biggest gainers over the past 10 trading days have been: $VRS (+25%) $CVNA (+21%) $WING (+18%) and $ROKU (+17%). Our biggest laggards have been $NYT (-6%) and $WPX (-5%). I like those numbers and they are consistent with bull market environments.
From the HOLLY Hot List, I currently have open positions in $TDOC and $SEND in my personal account which are performing well. This is the list that I comb through on a daily basis looking for swing trade setups.
This is a stock who’s recent high consolidation looked like it wanted to resolve higher:
— Sean McLaughlin 📈 (@chicagosean) August 1, 2018
So far, that gut feeling appears to be playing out as the stock bounced nicely off it’s 50-day moving average — precisely what you want to see a bullish stock do.
Similar to $CVNA above, I liked the way this stock was using it’s 50-day moving average for support.
— Sean McLaughlin 📈 (@chicagosean) August 7, 2018
And true to form, the stock so far is performing well since bouncing of the 50dma a few days ago.
Sendgrid is a relatively new issue that looked like it was ready to break out of it’s first major base since coming public last year.
— Sean McLaughlin 📈 (@chicagosean) August 9, 2018
…and I was right. The last two days have seen some bullish price action and a clean break to new all-time highs.
Carbonite is the newest name I’ll be adding to the list at tomorrow’s opening print. Stock has formed a nice base since June and is showing signs of breaking out of a “W” pattern on the daily chart.
— Sean McLaughlin 📈 (@chicagosean) August 13, 2018
If you’d like to learn how HOLLY, the Artificially Intelligent Virtual Analyst, can improve your trading and investing results, please visit Trade Ideas.
Good luck out there!
~ Sean McLaughlin (@chicagosean)