Stocks On Watch - 6/22/2015

Here are some stocks that are on watch for possible upside breakout & upward price move.

Stock Review - 6/19/2015

In this video, I will add some context behind the charts that I have posted this morning on my twitter stream.

The stocks that will be covered are: XIV, MRVL, SWKS, BIIB, RL, ADBE, AXP, CAT, FFIV, LEN, TOL, MXIM & UPS.

MRVL - Long (6/30/2011)

The results from yesterday's breakout watch post are:

- HPQ gap up and ran off. Skip this setup and wait for next setup.
- RIMM stayed home and made little progress toward breakout level. Continue watch.
- MRVL moved above breakout level 14.54 and initiated a swing long.


MRVL:

A swing long position was initiated as the price of MRVL moved above 14.54. Keeping this trade tight by setting the stop to breakeven level after the intraday price has reached 14.78. This trade is now a risk free trade. Here is the daily price chart showing today's move.




HPQ:

HPQ opened with a gap up. There was news on possible breaking up the company by PE buying pieces of the company. Today's price action formed a shooting star candle which can result in a reversal move. Will pass on this setup and wait for the next setup.




Disclosure: long MRVL

Coming Out Of The Dog House

Here are three stocks that appear to be coming out of the dog house: MRVL, HPQ, and RIMM. The following charts highlight potential breakout and potential upside level.











Disclosure: no position